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

SAP Term: currency conversion

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The method of switching from one currency to another.

Smart SAP Assistant

• Key Concepts: 
  Currency conversion is a feature of the SAP AP-TTE CRM Transaction Tax Engine that allows users to convert amounts from one currency to another. This is useful for businesses that operate in multiple countries and need to convert between different currencies. 
  
  How to use it: 
  To use the currency conversion feature, users must first select the source and target currencies. The source currency is the currency that will be converted, while the target currency is the currency that will be used for the conversion. Once these currencies have been selected, users can enter an amount in the source currency and the system will automatically convert it to the target currency. 
  
  Tips & Tricks: 
  When using the currency conversion feature, it is important to ensure that the exchange rate used for the conversion is up-to-date. This can be done by manually entering an exchange rate or by selecting an exchange rate from a list of available rates. 
  
  Related Information: 
  The SAP AP-TTE CRM Transaction Tax Engine also includes features such as tax calculation, tax reporting, and tax exemption management. These features can be used in conjunction with the currency conversion feature to ensure accurate and efficient tax management.