on 10-29-2007 5:28 AM
what is parallel currencies
Hi
In Financial accounting you can define upto 2 additional currencies in addition to Local currency. The purpose is to maintain various ledgers in each currency which can be used for other reporting purposes apart from Legal reporting. During Invoice postings, the documents are saved in the parallel currencies as well. You can do foreign currency valuations for them
Hope this is useful
S Jayaram
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Define one or two other currencies in addition to the local currency for the company code is called parallel currency
if it useful please assign the points
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