transaction currency

Consolidation / Consolidation (FI-LC/EC-CS)

Transaction currency is that in which a business transaction is processed and booked.

The business transaction can be posted in the transaction currency as well as in the local currency. This usually occurs when the trading partners use different local currencies.

Controlling (CO)

Currency in which the individual documents are posted.

The transaction currency can differ from the controlling area currency and the object currency.

The system can carry out automatic currency translations using a pre-defined average exchange rates.