on 04-22-2008 2:27 PM
what is the difference between Document Currency and Local Currency?
Hi
The Local Currency is the Currency specified for that Sales Organisation.
Document Currency is the currency specified in the Customer master of that Customer.
Thanks,
Ravi
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Incase of Export, we may use $ for billing purpose, which is document currency, but for domestic Sale we will use INR in Indian environment, which is local currency.
Regards,
Rajesh Banka
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Hi,
Consider a UK company, with local currency (also known as company currency in SAP) of British pounds (GBP), that is a subsidiary of a French company with local currency euro (EUR).
For local reporting, the UK company produces reports in GBP, while for group reporting the corporate head office needs consolidated reports in EUR. Storing transaction values in both GBP and EUR allows you to meet both reporting needs quickly.
If transaction values were stored in GBP only, the GBP values would have to be converted to EUR whenever consolidated group reports were required.
Prase
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