Turn On Currency Document For Free

Currency describes the money or official means of payment in a country or region. The best-known currencies include the U.S. dollar, euro, Japanese yen, British pound and Swiss franc.

The U.S. dollar is the reporting currency. If Esso Australia reported AUD 1 million, it would convert that AUD 1 million into USD, which is approximately $750,000. ExxonMobil would then use the $750,000 figure in its consolidated financial reporting.

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. Local currency. The currency in which the financial books, including the transaction, are closed.

For document currency or transaction currency, no configuration is required. Other currency types (company code currency, group currency, hard currency & index based currency) needs to be configured in a company code. In a ledger (leading or non-leading ledgers) maximum three currency types are allowed.

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.

For US dollars, the symbol '$' is sufficient abbreviation, unless there is a mixture of dollar currencies in the text. For other dollar currencies, '$' should be prefixed with the country abbreviation. For all other currencies, write the figure first followed by the currency name, for example, '100 million yuan'.

To change the default currency settings in Windows, in Control Panel, choose Clock and Region > Region > Additional Settings. On the Currency tab, in the Currency symbol box, type or select a currency symbol.