| # Euro initialization types You can use the CRI functions to initialize the euro as your new reference and local home currency. These CRI functions are available: Internal currency initialization, which you can use to: Change your reference and local home currency to euro You must either replace one of your existing home currencies by the euro or change the currency system to add the euro to your home currencies. Note that in the standard currency system the reference currency does not necessarily have to be the euro. Add the euro to your home currencies Change your currency system, for example, from single currency to multicurrency, so that you can add the euro to your home currencies. External euro initialization. There are two types: Business-partner related external initialization, which you can use to change the default order and contract currency from an EMU-marked currency in the Currencies (tcmcs0102m000) session to euro for a selected range of business partners. Non-business partner related external initialization, which you can use to change amounts in transaction currencies that are not directly related to business partners. For example, item purchase prices, price lists, and so on. External translation In addition, you can use the external euro translation functions in Financials to generate payment advices, interest invoices, cash forecast, and reports in euros for open invoices in EMU-marked currencies. |