Currencies (tcmcs0102m000)
Use this session to maintain the company's currencies.
You must first specify the currency as a generic unit, in the Generic Units (ttaad1106m000) session in the Tools package.
In the Additional Currency Features (tfgld0129m000) session, you can specify currency features that are only related to Financials. For example, you can set up the application to print a payment slip for invoices with this invoice currency.
Field Information
- Currency
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The ISO 4217 alpha currency code (recommended).
- Short Description
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The short currency indication for the monetary unit, which can be the appropriate currency symbol, for example, '€', '£', or '$'.
- ISO Currency Code
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The related ISO 4217 alpha currency code.
This currency code is required for, for example, BOD publishing.
- Rounding Factor
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Allowed values
The rounding factor must have the same number of decimals or less than specified for the currency in the Formats by Generic Unit (ttaad1107m000) session.
- Grand Total Rounding Factor
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If you do not want to use grand total rounding for amounts in this currency, set this field to zero.
- EMU Currency
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If the currency is part of the Economic and Monetary Union (EMU), you must select this check box.
The application calculates amounts in EMU currencies also in euros. You can display and print such amounts in the EMU currency and in euros.
The application uses the currency exchange rates that you define in the Currency Rates (tcmcs0108m000) session to convert EMU currencies into euros and vice versa.
Note: You must not select this check box for the euro itself. - Belgian BoP Currency
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If the currency is to be defined as Belgian Balance of Payments reporting currency, you must select this check box. You can define a maximum of five currencies as Belgian Balance of Payments reporting currencies.
The application prints the Belgian Balance of Payments report in all these currencies.