Object Currency Settlement For Free

Settlement currency is the currency a vendor selects to be paid out in and the currency in which funds are sent to the vendor's bank account. You can have one settlement currency or multiple, depending on the functionality of your payment processor and the availability of accounts.

The presentment currency is the currency that's used for charges. The settlement currency is the currency that you can receive payouts in, depending on the charge type and applicable currency conversion.

The transaction currency is the currency that you will be purchasing and selling in a foreign exchange market. If there are any gains or losses pertaining to the foreign exchange transaction, it is applied to the settlement currency.

The transaction currency multiplied by the exchange rate will indicate the settlement currency amount for the transaction. Example: An order to buy 100,000 EUR. USD @ 1.353 has a settlement currency amount of USD 135,300 .

Your settlement currency is the currency in which your funds will be deposited into your business bank account. Depending on your account setup, you may only be able to settle in your home currency, or you may have the option to settle in multiple currencies.

Settlement currency is the currency a vendor selects to be paid out in and the currency in which funds are sent to the vendor's bank account. You can have one settlement currency or multiple, depending on the functionality of your payment processor and the availability of accounts.

Controlling area currency is the currency relevant to the Con/Area. This depends upon the no. of company codes assigned to it,etc. Object currencyfor example,is the currency relevant to a particular cost center.