Currency systems
Multicurrency systems define how amounts are calculated and registered.
A multicurrency system determines:
- The number of home currencies that an organization can use.
- How amounts in transaction currencies are converted to the home currencies.
In multicompany environments, all companies must use the same multicurrency system.
A company’s home currencies and currency system are selected in the Companies (tcemm1170m000) session.
These currency systems are available:
- The standard currency system
- The dependent currency system
- The independent currency system
- The single currency system