<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/ci/onlinemanual/000002" xml:lang="en">
   <Header>
      <Title>Currency details</Title>
      <Keyword type="header" order="d1e73433">
         <Level1>Currency</Level1>
         <Level2>sales invoice details</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <SectionTitle>Home currency and invoice currency</SectionTitle>
      <Paragraph>In the <GUIRef href="/baanerp/ci/sli" role="module">Sales Invoicing</GUIRef> module,
		all amounts are expressed in the <Link href="/baanerp/ci/glossary/glossary#000006" role="glossary">invoice currency</Link> and the <Link href="/baanerp/tc/glossary/glossary#000064" role="glossary">home currency</Link>. The amounts in the invoice currency are
		calculated and also converted to the home currency.</Paragraph>
      <Paragraph>Calculation:</Paragraph>
      <Formula space-and-orientation="indented-estimated">
         <Paragraph>Amount in home currency =  Rate * (Amount in invoice currency / Rate factor)</Paragraph>
      </Formula>
      <Note>
         <SectionTitle>Note</SectionTitle>
         <List>
            <ListItem>In most cases, the amounts in the home currency are
			 calculated when the invoice is created.</ListItem>
            <ListItem>If the transaction currency and the home currency are the
			 same, no exchange rate is applied. LN copies the transaction amount to the home
			 currency amount.</ListItem>
         </List>
      </Note>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Rate</SectionTitle>
      <Paragraph> LN converts amounts
		from the invoice currency to the home currencies based on the currency rate
		that is valid according to the <Link href="/baanerp/ci/glossary/glossary#000007" role="glossary">rate determiner</Link> that applies to the invoice.</Paragraph>
      <List>
         <ListIntro>The rate determiner can have the following values:</ListIntro>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#docd" role="option">Document Date</GUIRef>
         </ListItem>
         <ListItem>
            <GUIRef href="/baanerp/tc/domains/fcrt#manual" role="option">Manually Entered</GUIRef>
         </ListItem>
      </List>
      <Paragraph>You can modify the rates between the transaction currency and
		all the three home currencies. If the invoice currency is the same as the home
		currency, you cannot modify the rate for that currency.</Paragraph>
      <GeneralSection>
         <SectionTitle>Rate factor</SectionTitle>
         <Paragraph>The factor by which
		  the amount in the transaction currency or the invoice currency is divided
		  before LN converts it
		  to a home currency. A rate factor is often used for currencies that have a
		  relatively low price, for example, Korean Won.</Paragraph>
      </GeneralSection>
   </GeneralSection>
   <GeneralSection ID="print.euros">
      <SectionTitle>Print euros</SectionTitle>
      <Paragraph>If you print invoices and other financial reports, you can
		usually choose to print the amounts in euros instead of in Economic and
		Monetary Union (EMU) currencies.</Paragraph>
      <Paragraph>Amounts in currencies marked as EMU currencies in the <GUIRef href="/baanerp/tc/mcs/tcmcs0102m000" role="session">Currencies (tcmcs0102m000)</GUIRef> session are then printed in the euro currency of the
		financial company, which you can select in the <GUIRef href="/baanerp/tc/emm/tcemm1170m000#tcemm170.euro" role="manual">Transition Currency</GUIRef> field of the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session in the <GUIRef href="/baanerp/tc/emm" role="module">Enterprise Modeling Management</GUIRef> module.</Paragraph>
      <Paragraph>For details about the conversion to euros, refer to <Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>.</Paragraph>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000353" role="manual">Rate determiners</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>