<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000026" xml:lang="en">
   <Header>
      <Title>To define currencies</Title>
      <Keyword type="header" order="d1e1153186">
         <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. LN 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">Currencies - overview</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000025" role="manual">Defining format codes</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000028" role="manual">Currency systems</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>