Assign Currency Document For Free

In laymans words, document currency is the currency that is applied for the document and local currency is the currency where the document is generated. Example : An Indian company does a posting for a Sale of goods in USA. In this case the document currency would be USD and the Local currency would be INR.

Do this by selecting General settings -> Set countries -> Define countries in the IMG. You define the currency key for this currency type when you maintain the companies. Do this by selecting Financial Accounting -> Consolidation -> Master Data -> Companies -> Maintain companies in the IMG.

Document currency. The currency of the transaction. For example, if you purchase a chair from a supplier in Mexico, the document currency is probably the Mexican peso.

What is document currency? The document currency is the currency of the transaction which depends on the structure of the transaction. In our example, we're legally obligated to pay 500 EUR. Thus our document currency is EUR. This currency is actually set on the document at the time of the transaction.

Do this by selecting General settings -> Set countries -> Define countries in the IMG. You define the currency key for this currency type when you maintain the companies. Do this by selecting Financial Accounting -> Consolidation -> Master Data -> Companies -> Maintain companies in the IMG.

Company code currency: The currency in which a company code is configured. Group currency: The currency is assigned at the client level. Hard currency: The currency which is assigned at the country level. Index based currency: This currency is assigned to countries in case of high inflation in these countries.

You define the hard currency when you define the country assigned to your company code. You define the index-based currency when you define the country to which your company code is assigned. You can use a maximum of two parallel currencies (second local currency and third local currency).