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Accounting Currency and Reporting Currency

Posted on by Microsoft Employee

Hi,

What is the difference between Accounting Currency and Reporting Currency??

Regards,

Srikanth.

  • Suggested answer
    raelhefn Profile Picture
    raelhefn on at
    RE: Accounting Currency and Reporting Currency

    System currency is the default currency and is used only to consolidate amounts in General ledger that have been posted in different currencies from various legal entities.

    Accounting currency is what your legal entity uses for amounts calculation. It is unique per the legal entity.

    Reporting currency is the currency used for operational reporting to the government bodies.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Accounting Currency and Reporting Currency

    Hi, the accounting currency is the one you record your books in, file government statements and do your reporting. The reporting currency is optional and can for example be used for consolidation or analysis purposes.

    Best regards

    Ludwig

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