<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000085" xml:lang="en">
   <Header>
      <Title>Independent multicurrency system</Title>
      <Keyword type="header" order="d1e1142417">
         <Level1>Independent multicurrency system</Level1>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>You use an independent
		multicurrency system in countries with an unstable local currency. For example,
		you can then report to the tax authorities in the local currency and use a more
		stable currency for the company's financial management.</Paragraph>
      <Paragraph>You can use an
		independent multicurrency system in both a single-company environment and in a
		multicompany (multiple countries) LN environment.</Paragraph>
      <GeneralSection>
         <SectionTitle>Defining the currencies</SectionTitle>
         <List>
            <ListIntro>Each logistic and financial company in an independent
			 multicurrency environment must have the same:</ListIntro>
            <ListItem>Reference currency</ListItem>
            <ListItem>Local currency</ListItem>
            <ListItem>Reporting 1 currency</ListItem>
            <ListItem>Reporting 2 currency</ListItem>
         </List>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Independent calculation</SectionTitle>
         <Paragraph>You must define the
		  exchange rate of each external currency to each home currency. LN converts all the
		  external currency amounts to all the home currencies and calculates and
		  registers the amounts in each home currency independently.</Paragraph>
      </GeneralSection>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000458" role="manual">Other currency systems</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000459" role="manual">Standard currency system</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>