What is the base currency?

The base currency is a single, fixed currency that is nominated for the business unit. This is typically the book accounting currency and is often the national currency of the country in which the company is based. Fiscal reporting is almost always carried out in this currency. For example, for a British company the base currency is probably GBP - sterling.

Every transaction in SunSystems contains a base currency value.

In a single currency environment, the base value is always entered on a journal transaction. In a multi-currency environment, the base currency value may be entered on a transaction, or calculated from either of the other currency values i.e. transaction currency, second base/reporting currency, or fourth currency value.