| Single currency system |  |
| You use a single currency system if all the enterprise units of a company use a single currency to register, calculate and report amounts. Defining the currencies For a single currency-system company you must enter the reference currency. ERP LN uses the reference currency as the local currency. Single currency calculation You must define the exchange rate of each external currency to the reference currency. ERP LN converts all the external currency amounts to the reference currency and registers, calculates, and reports all the amounts in that currency. Related topics Other currency systems Standard currency system |