<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000026" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">To define currencies</Title>
		<Keyword><Level1>Currency</Level1>
			<Level2>defining</Level2>
		</Keyword>
	</Header>
	<GeneralSection><SectionTitle>To define currencies and their formats:</SectionTitle>
		<ProcedureList><ListIntro>To define currencies and their formats, take the following steps:</ListIntro>
			<ListItem>Start the <GUIRef href="/baanerp/tt/aad/ttaad1106m000" role="session">Generic Units (ttaad1106m000)</GUIRef> session in <GUIRef href="" role="manual">BAAN Tools</GUIRef> and define the currency as a generic unit. SSA ERP already includes a number of predefined generic units that represent currencies.</ListItem>
			<ListItem>Start the <GUIRef href="/baanerp/tt/aad/ttaad1107m000" role="session">Formats by Generic Unit (ttaad1107m000)</GUIRef> session in <GUIRef href="" role="manual">BAAN Tools</GUIRef>, select a generic unit that represents a currency and specify the currency format. Repeat this for each generic unit that represents a currency and for each format code.</ListItem>
			<ListItem>Define your company's currencies, in the <GUIRef href="/baanerp/tc/mcs/tcmcs0102m000" role="session">Currencies (tcmcs0102m000)</GUIRef> session. The currency codes must be identical to the generic unit codes defined in the <GUIRef href="/baanerp/tt/aad/ttaad1106m000" role="session">Generic Units (ttaad1106m000)</GUIRef> session. To achieve this it is easiest if you start both sessions, because you cannot browse.</ListItem>
			<ListItem>Select the reference currency, local currency, and reporting currencies for the companies as required in the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session.</ListItem>
		</ProcedureList>
		<Note><SectionTitle>Note</SectionTitle>
			<List><ListIntro>Take care that:</ListIntro>
				<ListItem>The currency code that you define in the <GUIRef href="/baanerp/tc/mcs/tcmcs0102m000" role="session">Currencies (tcmcs0102m000)</GUIRef> session is identical to the code of the corresponding generic unit defined in the <GUIRef href="/baanerp/tt/aad/ttaad1106m000" role="session">Generic Units (ttaad1106m000)</GUIRef> session.</ListItem>
			</List>
			<List><ListItem>The <Link href="/baanerp/tc/glossary/glossary#RoundiFactor.tc" role="glossary">rounding factor</Link> that you specify for the currency in the <GUIRef href="/baanerp/tc/mcs/tcmcs0102m000" role="session">Currencies (tcmcs0102m000)</GUIRef> session has the same or a lower precision than the format you specified in the <GUIRef href="/baanerp/tt/aad/ttaad1107m000" role="session">Formats by Generic Unit (ttaad1107m000)</GUIRef> session. If you specify a rounding factor with a higher degree of precision it will have no effect.</ListItem>
			</List>
		</Note>
	</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/000025" role="manual">To define format codes</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000028" role="manual">Currency systems</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
