What is national currency in SAP AC - Accounting - General?

SAP Term: national currency

• Component: AC

• Component Name: Accounting - General

• Description: A currency valid in a specific country.

Smart SAP Assistant

• Key Concepts: 
  National currency is the currency used in a particular country. In SAP, it is used to record and process financial transactions in the General Ledger Accounting (GL) component. It is also used to define the currency of a company code and to determine the exchange rate between different currencies. 
  
  How to use it: 
  In SAP, national currency is used to record and process financial transactions in the GL component. It is also used to define the currency of a company code and to determine the exchange rate between different currencies. To set up national currency in SAP, go to the GL component and select “Define National Currency” from the menu. 
  
  Tips & Tricks: 
  When setting up national currency in SAP, make sure that you select the correct currency for your company code. This will ensure that all financial transactions are recorded and processed correctly. Additionally, make sure that you enter the correct exchange rate between different currencies. 
  
  Related Information: 
  For more information on setting up national currency in SAP, please refer to the official SAP documentation on GL Accounting. Additionally, you can find more information on setting up currencies in other components of SAP such as FI (Financial Accounting) and CO (Controlling).