Processing Foreign Currencies

Use

You need to convert currencies if the transaction currency differs from the account currency of the affected current account when you make or receive payments.

Prerequisites

You must have defined the currency-specific data.

In Customizing for SAP In-House Cash , choose Start of the navigation path Account Management Next navigation step Payment Processes in In-House Cash Next navigation step Make Basic Settings for Payment Processes. End of the navigation path

Scope of Functions

The currency conversion is based on payment items. The following functions are available:

  • Provisional and final settlement

  • Flexible determination of the exchange rate type

    You can define separate rate types for buying and selling rates in order to calculate the credit or debit amounts.

  • Primary and secondary exchange rates

    You can differentiate between rates that the in-house cash center uses on the money market and rates that are used internally.