Example: Converting Parent/Child Structure with Different Currencies

If you have a parent/child structure with different default and address book currency codes, you can use the Address Book Conversion - F0401 program to convert the parent independently from its children or vice versa. With this flexibility, you can continue to track address book amounts in the currency of the parent company while issuing invoices or submitting payments to some of its subsidiaries in another currency. This flexibility also enables you to convert address book amounts at the subsidiary level, to convert the currencies of a parent and its children at the same time, and so on.