<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000030" xml:lang="en">
   <Header>
      <Title>Currencies - overview</Title>
      <Keyword type="header" order="d1e1446566">
         <Level1>Currencies</Level1>
         <Level2>overview</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>You can use many
		different currencies in the transactions with your business partners. To
		register, calculate, and report amounts, ERP Enterprise converts the amounts
		to the company's home currency. You can use a multicurrency system to register
		amounts in more than one home currency.</Paragraph>
      <GeneralSection>
         <SectionTitle>Currency format</SectionTitle>
         <Paragraph>Different currencies
		  require different presentations. The currency format determines the precision
		  (number of decimals) ERP Enterprise uses to display amounts in the currency.</Paragraph>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Currency exchange rates</SectionTitle>
         <Paragraph>ERP Enterprise converts the amounts between different
		  currencies by using the <Link href="/baanerp/tc/glossary/glossary#CurrenRates_tc" role="glossary">currency exchange-rates</Link> that
		  you define.</Paragraph>
         <Note>
            <SectionTitle>Note</SectionTitle>
            <Paragraph>If the transaction currency and the home currency are the
			 same, no exchange rate is applied. ERP Enterprise copies the transaction amount to the home
			 currency amount.</Paragraph>
         </Note>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Defining currencies</SectionTitle>
         <Paragraph>You must start a
		  sequence of sessions to define currencies.</Paragraph>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Calculating currencies</SectionTitle>
         <Paragraph>For details about how ERP Enterprise calculates the
		  amounts that appear on the invoices, see <Link href="/baanerp/ci/onlinemanual/000002" role="manual">Currency details</Link>.</Paragraph>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Multicurrency systems</SectionTitle>
         <Paragraph>To use <Link href="/baanerp/tf/glossary/glossary#MultiCurrenA_tf" role="glossary">multicurrency accounting</Link> you
		  must set up a multicurrency system.</Paragraph>
      </GeneralSection>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000026" role="manual">To define currencies</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000314" role="manual">To define currency rates</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000328" role="manual">International currency codes</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000028" role="manual">Currency systems</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000056" role="manual">To use currency exchange rate types</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/ci/onlinemanual/000002" role="manual">Currency details</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>