What is conversion method in SAP AP-TTE - CRM Transaction Tax Engine?

SAP Term: conversion method

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The process used to convert transaction currency TC base amounts into reporting currency RC base amounts in order to calculate the tax from this RC base amount. The calculated tax amount in the RC is then converted into the TC.

Smart SAP Assistant

• Key Concepts: 
  The conversion method in SAP AP-TTE CRM Transaction Tax Engine is a process that allows for the conversion of tax amounts from one currency to another. This is done by using a conversion rate that is determined by the system. The conversion rate is based on the exchange rate between the two currencies. 
  
  How to use it: 
  The conversion method in SAP AP-TTE CRM Transaction Tax Engine can be used to convert tax amounts from one currency to another. To do this, the user must first select the currency they wish to convert from and then enter the amount they wish to convert. The system will then calculate the conversion rate and display the converted amount. 
  
  Tips & Tricks: 
  When using the conversion method in SAP AP-TTE CRM Transaction Tax Engine, it is important to ensure that the exchange rate used is up-to-date and accurate. This will ensure that the converted amount is accurate and reflects the current exchange rate between the two currencies. 
  
  Related Information: 
  The conversion method in SAP AP-TTE CRM Transaction Tax Engine is related to other features such as tax calculation, tax reporting, and currency management. These features are all used to manage taxes and ensure accuracy when dealing with different currencies.