What's the difference between precision, extended precision, and minimum accountable unit for a currency?
Precision refers to the number of digits placed after the decimal point used in regular currency transactions. For example, USD would have 2 as the precision value for transactional amounts, such as $1.00.
Extended precision is the number of digits placed after the decimal point and must be greater than or equal to the precision value. For calculations requiring greater precision, you can enter an extended precision value such as 3 or 4. That would result in the currency appearing as $1.279 or $1.2793.
Minimum accountable unit is the smallest denomination for the currency. For example, for USD that would be .01 for a cent.
You can set these values for a currency using the Manage Currencies task in the Application Extensions functional area in the Setup and Maintenance work area.