Single currency to independent multicurrency

If you convert a single currency system to an independent multicurrency system, you can make these changes:

  • Extend the number of home currencies to a maximum of three currencies.
  • Change the reference currency, which is also the local home currency.

The companies of one logistic area in an independent multicurrency system must all have the same reference currency, the same local home currency, and the same reporting home currencies. Therefore, the new currencies must be the same for all financial companies involved.

The amounts in the local home currency are converted into amounts in the new home currencies. The new home-currency amounts replace the original amounts in the database, or are stored as the additional home-currency amounts. Amounts in home currency that are already present in one of the new home currencies, are not recalculated.

For elementary differences in home-amount calculation between a "euro initialization" and other conversions, see "Conversion Rules."

Example
Single to in dependent multicurrency initialization
CompanyCurrency typeBefore initializationAfter initialization
Logistic companyReferenceCOPUSD
Local homeCOPCOP
Reporting 1not usedEUR
Reporting 2not usedUSD
Financial company 1ReferenceCOPUSD
Local homeCOPCOP
Reportingnot usedEUR
Reporting 2not usedUSD
Financial company 2ReferenceCOPUSD
Local homeCOPCOP
Reporting 1not usedEUR
Reporting 2not usedUSD