<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000030" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Overview of currencies</Title>
		<Keyword><Level1>Currency</Level1>
			<Level2>overview</Level2>
		</Keyword>
	</Header>
	<GeneralSection><Paragraph>You can use many different currencies in the transactions with your business partners. To register, calculate, and report amounts, SSA ERP converts the amounts to the company's home currency. You can use a multicurrency system to register amounts in more than one home currency.</Paragraph>
		<GeneralSection><SectionTitle>Currency format</SectionTitle>
			<Paragraph>Different currencies require different presentations. The currency format determines the precision (number of decimals) SSA ERP uses to display amounts in the currency.</Paragraph>
		</GeneralSection>
		<GeneralSection><SectionTitle>Currency exchange rates</SectionTitle>
			<Paragraph>SSA ERP converts the amounts between different currencies by using the <Link href="/baanerp/tc/glossary/glossary#CurrenRates.tc" role="glossary">currency exchange-rates</Link> that you define.</Paragraph>
			<Note><SectionTitle>Note</SectionTitle>
				<Paragraph>If the transaction currency and the home currency are the same, no exchange rate is applied. SSA ERP copies the transaction amount to the home currency amount.</Paragraph>
			</Note>
		</GeneralSection>
		<GeneralSection><SectionTitle>Defining currencies</SectionTitle>
			<Paragraph>You must start a sequence of sessions to define currencies.</Paragraph>
		</GeneralSection>
		<GeneralSection><SectionTitle>Calculating currencies</SectionTitle>
			<Paragraph>For details about how SSA ERP calculates the amounts that appear on the invoices, see <Link href="/baanerp/ci/onlinemanual/000002" role="manual">Currency details</Link>.</Paragraph>
		</GeneralSection>
		<GeneralSection><SectionTitle>Multicurrency systems</SectionTitle>
			<Paragraph>To use <Link href="/baanerp/tf/glossary/glossary#MultiCurrenA.tf" role="glossary">multicurrency accounting</Link> you must set up a multicurrency system.</Paragraph>
		</GeneralSection>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000026" role="manual">To define currencies</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000314" role="manual">To define currency rates</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000328" role="manual">International currency codes</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000028" role="manual">Currency systems</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000056" role="manual">To use currency exchange rate types</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/ci/onlinemanual/000002" role="manual">Currency details</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
