| Currencies - overview |  |
| You can use many different currencies in the transactions with your business partners. To register, calculate, and report amounts, ERP LN converts the amounts to the company's home currency. You can use a multicurrency system to register amounts in more than one home currency. Currency format Different currencies require different presentations. The currency format determines the precision (number of decimals) ERP LN uses to display amounts in the currency. Currency exchange rates ERP LN converts the amounts between different currencies by using the currency exchange-rates that you define. Note If the transaction currency and the home currency are the same, no exchange rate is applied. ERP LN copies the transaction amount to the home currency amount. Defining currencies You must start a sequence of sessions to define currencies. Calculating currencies For details about how ERP LN calculates the amounts that appear on the invoices, see Currency details. Multicurrency systems To use multicurrency accounting you must set up a multicurrency system. Related topics To define currencies To define currency rates International currency codes Currency systems Euro compliance To use currency exchange rate types Currency details |