Defining currencies

To define currencies and their formats:

  1. In the Generic Units (ttaad1106m000) session, define the currency as a generic unit. LN already includes a number of predefined generic units that represent currencies.
  2. In the Formats by Generic Unit (ttaad1107m000) session, select a generic unit that represents a currency and specify the currency format. Repeat this for each generic unit that represents a currency and for each format code.
  3. In the Currencies (tcmcs0102m000) session, define your company's currencies. The currency codes must be identical to the generic unit codes defined in the Generic Units (ttaad1106m000) session. To achieve this it is easiest if you start both sessions, because you cannot browse.
  4. Select the reference currency, local currency, and reporting currencies for the companies as required in the Companies (tcemm1170m000) session.
Note

Take care that:

  • The currency code that you define in the Currencies (tcmcs0102m000) session is identical to the code of the corresponding generic unit defined in the Generic Units (ttaad1106m000) session.
  • The rounding factor that you specify for the currency in the Currencies (tcmcs0102m000) session has the same or a lower precision than the format you specified in the Formats by Generic Unit (ttaad1107m000) session. If you specify a rounding factor with a higher degree of precision it will have no effect.

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