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<ManualTopic ID="/baanerp/tf/onlinemanual/000107" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency differences</Title>
		<Keyword><Level1>Currency differences</Level1>
		</Keyword>
	</Header>
	<GeneralSection><Paragraph>When <Link href="/baanerp/tf/glossary/glossary#CurrenDiffer.tf" role="glossary">currency differences</Link> are posted, several parameters affect the way the entries in the general ledger are created. This section explains the possible parameter settings:</Paragraph>
		<List><ListItem>Ledger accounts by currency.</ListItem>
			<ListItem>Writing off currency profits.</ListItem>
			<ListItem>Fixed exchange rate.</ListItem>
			<ListItem>Writing off currency differences for anticipated payments.</ListItem>
		</List>
		<GeneralSection><SectionTitle>Ledger accounts by currency</SectionTitle>
			<Paragraph>This parameter is recorded in the <GUIRef href="/baanerp/tf/gld/tfgld0103s000" role="session">Company Parameters (tfgld0103s000)</GUIRef> session.</Paragraph>
			<Paragraph>If the <GUIRef href="/baanerp/tf/gld/tfgld0103s000#tfgld004.cdif" role="formfield">Ledger Accounts by Currency</GUIRef> check box is selected, the (un)realized currency differences are posted to the ledger accounts defined in the <GUIRef href="/baanerp/tf/gld/tfgld0119s000" role="session">Currency Difference Ledger Accounts by Currency (tfgld0119s000)</GUIRef> session.</Paragraph>
			<List><ListIntro>SSA ERP retrieves the related dimensions from:</ListIntro>
				<ListItem>GLD: the <GUIRef href="/baanerp/tf/gld/tfgld0103s000" role="session">Company Parameters (tfgld0103s000)</GUIRef> session</ListItem>
				<ListItem>ACP: the <GUIRef href="/baanerp/tf/acp/tfacp0111m000" role="session">Ledger Accounts by Business Partner Group (tfacp0111m000)</GUIRef> session</ListItem>
				<ListItem>ACR: the <GUIRef href="/baanerp/tf/acr/tfacr0111m000" role="session">Ledger Accounts by Business Parter Group (tfacr0111m000)</GUIRef> session</ListItem>
			</List>
			<List><ListIntro>If the <GUIRef href="/baanerp/tf/gld/tfgld0103s000#tfgld004.cdif" role="formfield">Ledger Accounts by Currency</GUIRef> check box is cleared, the currency differences are posted to:</ListIntro>
				<ListItem>General ledger (GLD): the ledger accounts specified in the <GUIRef href="/baanerp/tf/gld/tfgld0103s000" role="session">Company Parameters (tfgld0103s000)</GUIRef> session</ListItem>
				<ListItem>Accounts payable/receivable (ACP/ACR): the ledger accounts recorded for the business partner group</ListItem>
			</List>
		</GeneralSection>
		<GeneralSection><SectionTitle>Writing off currency profits</SectionTitle>
			<List><ListIntro>This parameter is defined in one of the following sessions:</ListIntro>
				<ListItem><GUIRef href="/baanerp/tf/acp/tfacp0100s000" role="session">ACP Parameters (tfacp0100s000)</GUIRef>
				</ListItem>
				<ListItem><GUIRef href="/baanerp/tf/acr/tfacr0100s000" role="session">ACR Parameters (tfacr0100s000)</GUIRef>
				</ListItem>
			</List>
			<Paragraph>If the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.posc" role="formfield">Currency Profits</GUIRef> check box is selected, the unrealized currency profits are posted as well as the unrealized currency losses. Unrealized currency losses are always posted when writing off currency differences.</Paragraph>
		</GeneralSection>
		<GeneralSection><SectionTitle>Fixed exchange rates</SectionTitle>
			<List><ListIntro>For each invoice, the <Link href="/baanerp/ci/glossary/glossary#000007" role="glossary">rate determiner</Link> defines:</ListIntro>
				<ListItem>Which date is used to determine the exchange rate.</ListItem>
				<ListItem>If currency differences are calculated.</ListItem>
				<ListItem>For which (home) currencies the currency differences are calculated.</ListItem>
			</List>
			<Paragraph>The <Link href="/baanerp/ci/glossary/glossary#000007" role="glossary">rate determiner</Link> is set in the <GUIRef href="/baanerp/tf/acr/tfacr1110s000" role="session">Sales Invoices (tfacr1110s000)</GUIRef> session or the <GUIRef href="/baanerp/tf/acp/tfacp1110s000" role="session">Purchase Invoices (tfacp1110s000)</GUIRef> session. For details, refer to <Link href="/baanerp/tc/onlinemanual/000353" role="manual">Rate determiners</Link>.</Paragraph>
			<List><ListIntro>Unrealized currency differences are written off in one of the following sessions:</ListIntro>
				<ListItem><GUIRef href="/baanerp/tf/acp/tfacp2240m000" role="session">Write Off Currency Differences (tfacp2240m000)</GUIRef>
				</ListItem>
				<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2250m000" role="session">Write Off Currency Differences (tfacr2250m000)</GUIRef>
				</ListItem>
			</List>
		</GeneralSection>
		<GeneralSection><SectionTitle>Writing off currency differences for anticipated payments</SectionTitle>
			<List><ListIntro>This parameter is defined in one of the following sessions:</ListIntro>
				<ListItem>The <GUIRef href="/baanerp/tf/acp/tfacp0100s000" role="session">ACP Parameters (tfacp0100s000)</GUIRef> session</ListItem>
				<ListItem>The <GUIRef href="/baanerp/tf/acr/tfacr0100s000" role="session">ACR Parameters (tfacr0100s000)</GUIRef> session</ListItem>
			</List>
			<Paragraph>If the <GUIRef href="/baanerp/tf/acp/tfacp0100s000#tfacp000.ccan" role="formfield">Currency Difference Anticipated Payments</GUIRef> check box is selected, invoices with <Link href="/baanerp/tf/glossary/glossary#AnticiPaymen.tf" role="glossary">anticipated payments</Link> or anticipated receipts are considered for writing off currency differences.</Paragraph>
		</GeneralSection>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000353" role="manual">Rate determiners</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000028" role="manual">Currency systems</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000012" role="manual">Unrealized currency differences</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000013" role="manual">Realized currency differences</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/integrations/400035" role="manual">Currency differences interim accounts</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
