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What is the difference between Accounting Currency and Reporting Currency??
Regards,
Srikanth.
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Hi,
What is the difference between Accounting Currency and Reporting Currency??
Regards,
Srikanth.
*This post is locked for comments
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.
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.
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Ludwig
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