<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000084" xml:lang="en">
   <Header>
      <Title>Single currency system</Title>
      <Keyword type="header" order="d1e1142380">
         <Level1>Single currency system</Level1>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>You use a single currency
		system if all the enterprise units of a company use a single currency to
		register, calculate and report amounts.</Paragraph>
      <GeneralSection>
         <SectionTitle>Defining the currencies</SectionTitle>
         <Paragraph>For a single
		  currency-system company you must enter the <Link href="/baanerp/tc/glossary/glossary#000017" role="glossary">reference currency</Link>. LN uses the reference
		  currency as the <Link href="/baanerp/tc/glossary/glossary#000062" role="glossary">local currency</Link>.</Paragraph>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Single currency calculation</SectionTitle>
         <Paragraph>You must define the
		  exchange rate of each external currency to the reference currency. LN converts all the
		  external currency amounts to the reference currency and registers, calculates,
		  and reports all the amounts in that currency.</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>