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Business Unit Maintenance |
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Sun Documentation -
General Ledger
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Page 4 of 5
What is the Transaction Currency – value2?
The transaction currency is the currency in which the transaction originated, if this is different to the base currency. For example, if a British firm buying goods from America receives an invoice in US dollars (USD), the transaction currency would be USD and the base currency is probably GBP.
The transaction currency value on a journal transaction can be held in any valid defined currency. A currency code must be entered to identify the transaction currency.
What is the Second Base or Reporting Currency – value3?
The third currency value available on a transaction can be used to maintain either a second base currency, or a reporting currency. This choice is made for a business unit and, therefore, applies to all of the transactions for the unit.
The second base or reporting currency is pre-defined for the business unit in the same way as the base currency.
A second base currency runs parallel to the base currency. Transactions always contain both a base currency and a corresponding second base currency value and the conversion rate between the base and second base currency is fixed. The euro is a good example of a second base currency.
The second base currency can be chosen as the pivot currency, if required.
A reporting currency does not have to be held on all transactions and is usually calculated by the system. It is often the currency of a parent company. The reporting currency cannot be selected as the pivot currency.
What is the Memo Value?
The memo value on a transaction can be used to hold any other numerical value. It is usually used to hold a statistical value or unit, for example time, quantity, units of production, weights or head counts. This value cannot be calculated by the system but can be entered and reported on.
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General Ledger 
