<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000028" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency systems</Title>
		<Keyword><Level1>Multicurrency system</Level1>
		</Keyword>
		<Keyword><Level1>Currency</Level1>
			<Level2>multicurrency systems</Level2>
		</Keyword>
		<Keyword><Level1>Currency</Level1>
			<Level2>currency systems</Level2>
		</Keyword>
	</Header>
	<GeneralSection><List><ListIntro>The currency system defines how amounts are calculated and registered. Three currency systems are available:</ListIntro>
			<ListItem><Link href="/baanerp/tc/glossary/glossary#000023" role="glossary">single currency system</Link>
			</ListItem>
			<ListItem><Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>
			</ListItem>
			<ListItem><Link href="/baanerp/tc/glossary/glossary#000024" role="glossary">dependent currency system</Link>
			</ListItem>
		</List>
		<List><ListIntro>Depending on the currency system selected, you can define the following types of currencies for a company:</ListIntro>
			<ListItem><Link href="/baanerp/tc/glossary/glossary#000064" role="glossary">home currency</Link>
			</ListItem>
			<ListItem><Link href="/baanerp/tc/glossary/glossary#000017" role="glossary">reference currency</Link>
			</ListItem>
		</List>
		<GeneralSection><SectionTitle>Home currencies</SectionTitle>
			<List><ListIntro>In a multicurrency system SSA ERP registers and reports amounts in the home currencies. You can define up to three home currencies:</ListIntro>
				<ListItem><Link href="/baanerp/tc/glossary/glossary#000062" role="glossary">local currency</Link>
				</ListItem>
				<ListItem><Link href="/baanerp/tc/glossary/glossary#000065" role="glossary">reporting currency</Link>
				</ListItem>
				<ListItem>Reporting currency 2.</ListItem>
			</List>
			<Paragraph>SSA ERP uses the currency exchange rates that you link to the internal exchange rate type to convert amounts between the company's home currencies.</Paragraph>
			<Paragraph>In the sessions that display amounts which are registered in more than one currency, you can choose <GUIRef href="" role="manual">Rotate Currency</GUIRef> on the <GUIRef href="" role="manual">Tools</GUIRef> menu to see the amounts in the different home currencies.</Paragraph>
		</GeneralSection>
		<GeneralSection><SectionTitle>Reference currency</SectionTitle>
			<List><ListIntro>The reference currency must be one of the home currencies. SSA ERP uses the reference currency to calculate amounts:</ListIntro>
				<ListItem>In single currency systems.</ListItem>
				<ListItem>In dependent multicurrency systems.</ListItem>
			</List>
			<Paragraph>In independent multicurrency systems SSA ERP calculates the amounts in all the home currencies.</Paragraph>
		</GeneralSection>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000030" role="manual">Overview of currencies</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000029" role="manual">Currencies for non-enterprise units</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000056" role="manual">To use currency exchange rate types</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000084" role="manual">Single currency system</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000085" role="manual">Independent multicurrency system</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000086" role="manual">Dependent multicurrency system</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
