<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000028" xml:lang="en">
   <Header>
      <Title>Currency systems</Title>
      <Keyword type="header" order="d1e1446486">
         <Level1>Currency systems</Level1>
         <Level2>overview</Level2>
      </Keyword>
      <Keyword type="header" order="d1e1446491">
         <Level1>Currency</Level1>
         <Level2>currency systems overview</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <List>
         <ListIntro>The currency system defines how amounts are calculated and
		  registered. The following currency systems are available:</ListIntro>
         <ListItem>The <Link href="/baanerp/tc/glossary/glossary#000047" role="glossary">standard currency system</Link>
         </ListItem>
         <ListItem>
            <List>
               <ListIntro>Other currency systems from previous versions of ERP Enterprise:</ListIntro>
               <ListItem>The single currency
				system</ListItem>
               <ListItem>The independent
				currency system</ListItem>
               <ListItem>The dependent
				currency system</ListItem>
            </List>
            <Paragraph>The other currency systems are replaced by the standard
			 currency system. For compatibility reasons, the other currency systems are
			 still available. For more information, refer to <Link href="/baanerp/tc/onlinemanual/000458" role="manual">Other currency systems</Link>.</Paragraph>
         </ListItem>
      </List>
      <List>
         <ListIntro>Depending on the currency system selected, you can define the
		  following types of currencies for a company:</ListIntro>
         <ListItemHead>Home currency</ListItemHead>
         <ListItem>
            <List>
               <ListIntro>In a multicurrency system ERP Enterprise registers and
				reports amounts in the home currencies. You can define up to three home
				currencies:</ListIntro>
               <ListItem>The <Link href="/baanerp/tc/glossary/glossary#000062" role="glossary">local currency</Link>
               </ListItem>
               <ListItem>Two <Link href="/baanerp/tc/glossary/glossary#000065" role="glossary">reporting currencies</Link>
               </ListItem>
            </List>
         </ListItem>
         <ListItemHead>Reference currency</ListItemHead>
         <ListItem>
            <Paragraph>The reference currency is the currency in which balances of
			 entities shared by all the companies of a financial company group are
			 expressed. For example, ERP Enterprise uses the reference currency for business partner balances.</Paragraph>
            <Paragraph>For currency systems other than the standard currency
			 system, the reference currency is a company's base currency for all
			 calculations with currencies.</Paragraph>
         </ListItem>
      </List>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000030" role="manual">Currencies - overview</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000334" role="manual">Currency systems and currency rates</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000029" role="manual">Currencies for non-enterprise units</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000459" role="manual">Standard currency system</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000056" role="manual">To use currency exchange rate types</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>