Currency Options in Accounting Rules

You can define the currency to use in the financial orchestration flow. For example, you can use the same currency as the seller or the legal entity. You can set the currency option while creating or updating an accounting rule.

The currency options that you can set are:

• Selling Node: Use the same currency that the seller uses. For example, if the seller uses the US dollar and if the buyer uses the Euro, then the supply chain financial orchestration process uses the US dollar throughout the entire transaction. This includes invoice data.

• Buying Node: Use the same currency that the legal entity uses in the primary ledger. This legal entity resides in the business unit.

• Source document: Use the currency that the source document uses.

• Standard currency: Use a standard currency. This option generates intercompany invoices in a standard currency selected by you.

  For example, you have Profit Center Business Units defined for Singapore BU (ledger currency SGD) and the European BU (ledger currency EUR). But you may want the transfer price to be calculated in USD for your intercompany transactions. You can do so by configuring the Currency Option to Standard Currency and selecting USD as the currency for transfer pricing.

You can select the Currency Option in the Documentation and Accounting Rules dialog box.