<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tp/onlinemanual/000301" xml:lang="en">
   <Header>
      <Title>To use currencies in Project</Title>
      <Keyword type="header" order="d1e2274253">
         <Level1>currency</Level1>
         <Level2>in Project</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <List>
         <ListIntro>If you work with <GUIRef href="/baanerp/tp" role="package">Project</GUIRef> you use a number of different currencies on
		top of the currencies you defined for your company:</ListIntro>
         <ListItem>The project currency.</ListItem>
         <ListItem>The business partner
		currencies.</ListItem>
         <ListItem>Other currencies.</ListItem>
      </List>
      <List>
         <ListIntro>Project currency When you define a project you can select the <Link href="/baanerp/tp/glossary/glossary#000036" role="glossary">project</Link> currency from the
		currencies defined for your company. Select the currency that is the most
		convenient. This does not need to be one of the home currencies. The default
		project currency is the local currency of the logistic company in which you
		define the project. The following amounts are expressed in the project
		currency:</ListIntro>
         <ListItem>The contract amount and
		all the other amounts that you enter when you define a project.</ListItem>
         <ListItem>The amounts in the
		budget cost analysis data</ListItem>
         <ListItem>The amounts in project
		monitoring and performance measurement In addition, the project currency is the
		default currency for other amounts that you enter for the project.</ListItem>
      </List>
      <Paragraph>Business partner
	  currencies When you enter the project's invoice-to business partners, you can
	  specify the contract amount for each business partner in the business partner
	  currencies. The invoice-to business partner's currency is the default. This
	  currency is used for all invoice transactions.</Paragraph>
      <Paragraph>If there are multiple
	  business partners for the project, the project consists of multiple contract
	  amounts. Each contract amount can be expressed in a different business
	  partner's currency. You can also specify a number of contract amounts, in
	  different currencies, that together form the business partner's full contract
	  amount.</Paragraph>
      <List>
         <ListIntro>The following amounts are expressed in the business partner
		currency:</ListIntro>
         <ListItem>Advance payment
		requests.</ListItem>
         <ListItem>Settled advance payment
		request lines.</ListItem>
         <ListItem>Element contract data.</ListItem>
         <ListItem>Installments.</ListItem>
         <ListItem>Holdback amounts.</ListItem>
      </List>
      <List>
         <ListIntro>Other currencies You can choose a currency from the
		currencies defined for the company in which you define the project, for the
		following processes:</ListIntro>
         <ListItem>Budget lines.</ListItem>
         <ListItem>Time-phased-budget
		versions.</ListItem>
         <ListItem>Rates and prices of the
		cost objects.</ListItem>
         <ListItem>Labor surcharges.</ListItem>
      </List>
      <Paragraph>These currencies do not
	  need to be the same as the home currencies of the logistic company in which you
	  define the project, or of the financial company of the enterprise unit. In each
	  situation you can use the currency that is the most convenient, but the default
	  is the project currency.</Paragraph>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000028" role="manual">Currency systems</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000314" role="manual">To define currency rates</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tp/onlinemanual/000302" role="manual">To use home currencies in Project</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>