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<ManualTopic ID="/baanerp/tc/onlinemanual/000136" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency Initialization</Title>
		<Keyword><Level1>Currency Initialization</Level1>
		</Keyword>
		<Keyword><Level1>Euro Initialization</Level1>
		</Keyword>
	</Header>
	<GeneralSection><List><ListIntro>Two types of currency conversion are available:</ListIntro>
			<ListItem>Internal: To convert the compay's home currenies to new home currencies, for example, to euro.</ListItem>
			<ListItem>External: To convert transaction amounts and currencies to euros.</ListItem>
		</List>
		<ProcedureList><ListIntro>To carry out currency initialization, you must take the following steps. Details of each step are described in the <GUIRef href="/baanerp/tc/cri" role="package">Currency Initialization</GUIRef> user manual.</ListIntro>
			<ListItem>Verify that you have carried out the necessary prerequisite actions, as described in <Link href="#A" role="internal">Currency initialization prerequisites</Link>
			</ListItem>
			<ListItem><List><ListIntro>Define the conversion cluster in the following sessions:</ListIntro>
					<ListItem>Use the <GUIRef href="/baanerp/tc/cri/tccri7501m000" role="session">CI Clusters (tccri7501m000)</GUIRef> and the <GUIRef href="/baanerp/tc/cri/tccri7101s000" role="session">CI Clusters (tccri7101s000)</GUIRef> sessions to define the initialization type, the new currency system, and the new reference currency.</ListItem>
					<ListItem>Use the <GUIRef href="/baanerp/tc/cri/tccri7502m000" role="session">CI-Cluster Companies (tccri7502m000)</GUIRef> and the <GUIRef href="/baanerp/tc/cri/tccri7102s000" role="session">CI-Cluster Companies (tccri7102s000)</GUIRef> sessions to define the new home currencies for each conversion-cluster company.</ListItem>
					<ListItem>Use the <GUIRef href="/baanerp/tc/cri/tccri7104m000" role="session">CI Cluster Transaction Currencies (tccri7104m000)</GUIRef> session only for an external currency initialization, to select the EMU transaction currencies that must be converted to euros.</ListItem>
				</List>
			</ListItem>
			<ListItem>Use the <GUIRef href="/baanerp/tc/cri/tccri7100m000" role="session">CI Rates (tccri7100m000)</GUIRef> session to define the currency exchange-rates between the currencies that are currently in use and the new home currencies.</ListItem>
			<ListItem><List><ListIntro>Specify the customized tables and fields that must be converted, the conversion rules to be applied, and the priority with which the table or field must be converted, in the following sessions:</ListIntro>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7522m000" role="session">CI Tables (tccri7522m000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7123s000" role="session">CI-Conversion Table Parameters (tccri7123s000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7521m000" role="session">CI Fields (tccri7521m000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7122s000" role="session">CI-Conversion Field Parameters (tccri7122s000)</GUIRef>
					</ListItem>
				</List>
			</ListItem>
			<ListItem><List><ListIntro>Process the conversion cluster. Before you start the actual initialization process, you can perform one or more trial initializations to generate error logs. If all the errors are corrected, you can run the actual initialization process to change the data in the database. Use the following sessions:</ListIntro>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7203m000" role="session">CI Process (tccri7203m000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7520m000" role="session">CI Error Log (tccri7520m000)</GUIRef>
					</ListItem>
				</List>
			</ListItem>
			<ListItem><List><ListIntro>View or print the audit data. You can delete the audit data after printing the data. Use the following sessions:</ListIntro>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7401m000" role="session">Print Audit Files (tccri7401m000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7503m000" role="session">Process Data (tccri7503m000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7504m000" role="session">CI Process-Data Internal (tccri7504m000)</GUIRef>
					</ListItem>
					<ListItem><GUIRef href="/baanerp/tc/cri/tccri7505s000" role="session">CI Process-Data Internal (tccri7505s000)</GUIRef>
					</ListItem>
				</List>
			</ListItem>
		</ProcedureList>
		<GeneralSection ID="A"><SectionTitle>Currency initialization prerequisites</SectionTitle>
			<Paragraph>Currency initialization prerequisites</Paragraph>
			<Paragraph>Before you start a currency initialization process, take care of the following:</Paragraph>
			<List><ListItem>As much as possible, transactions must be finalized before you start the initialization process, for the following reasons:</ListItem>
			</List>
			<List><ListItem>During internal currency initialization, the currency rates between the transaction currencies and the new home currencies defined in the <GUIRef href="/baanerp/tc/cri/tccri7100m000" role="session">CI Rates (tccri7100m000)</GUIRef> session, are copied to the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000" role="session">Currency Rates (tcmcs0108m000)</GUIRef> session and the effective date is set to the initialization date. Next, the currency rates between the transaction currencies and the new home currencies with an effective date earlier than the initialization date do not exist. Therefore, after internal currency initalization you cannot carry out any actions on invoices and other documents with a document date earlier than the initialization date.</ListItem>
			</List>
			<List><ListItem>No audit data is recorded for nonfinalized transactions because these are still subject to change. If not all transactions can be finalized, you can print the report of nonfinalized transactions before or after the initialization process, depending on your audit needs.</ListItem>
			</List>
			<List><ListItem>All nonmodifiable batches in <GUIRef href="/baanerp/tf" role="package">Financials</GUIRef> must be finalized. If this is not the case, the conversion process is aborted. If you run a trial conversion process, the error log includes any nonfinalized batches.</ListItem>
			</List>
			<List><ListItem>The ledger accounts and related data required for posting rounding differences and for dual accounting must be specified in the <GUIRef href="/baanerp/tf/gld/tfgld0103s000" role="session">Company Parameters (tfgld0103s000)</GUIRef> session.</ListItem>
			</List>
			<List><ListItem>Before you start currency initialization, always generate a backup for safety reasons. You can only reverse currency initialization by reinstalling the backup. If the currency initialization process stops due to a failure, you must reinstall the backup to recover the tables.</ListItem>
			</List>
		</GeneralSection>
	</GeneralSection>
</ManualTopic>
