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

SAP Term: conversion type

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: An object that describes how the currency conversion takes place by specifying the conversion rate, the conversion date, and so on.

Smart SAP Assistant

• Key Concepts: 
  Conversion type is a feature of the SAP AP-TTE CRM Transaction Tax Engine. It is used to convert a tax rate from one currency to another. This is done by specifying the source currency, the target currency, and the conversion rate. The conversion rate is determined by the exchange rate between the two currencies. 
  
  How to use it: 
  To use the conversion type feature, first select the source currency and target currency. Then enter the conversion rate for each currency. The conversion rate should be based on the current exchange rate between the two currencies. Once all of this information has been entered, the tax rate will be converted from one currency to another. 
  
  Tips & Tricks: 
  It is important to ensure that the conversion rate is accurate and up-to-date. This will ensure that the tax rate is correctly converted from one currency to another. Additionally, it is important to keep track of any changes in exchange rates between the two currencies as this could affect the accuracy of the conversion rate. 
  
  Related Information: 
  For more information about using the SAP AP-TTE CRM Transaction Tax Engine, please refer to SAP’s official documentation or contact your SAP representative.