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

SAP Term: foreign currency invoice

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: A billing document that has a reporting currency RC different from the transaction currency TC of the company being invoiced.

Smart SAP Assistant

• Key Concepts: 
  A foreign currency invoice is a type of invoice created in SAP that is denominated in a currency other than the local currency. This type of invoice is used when a company is dealing with international customers or suppliers and needs to convert the invoice amount into the customer or supplier's local currency. The AP-TTE CRM Transaction Tax Engine (TTE) is a component of SAP that helps to manage the foreign currency invoices. 
  
  How to use it: 
  The TTE component of SAP can be used to create and manage foreign currency invoices. It allows users to enter the invoice amount in the foreign currency, convert it to the local currency, and then generate an invoice in the local currency. The TTE also helps to ensure that all taxes are correctly calculated and applied to the invoice. 
  
  Tips & Tricks: 
  When creating a foreign currency invoice, it is important to make sure that all exchange rates are up-to-date and accurate. This will help ensure that the invoice amount is correctly converted into the local currency. Additionally, it is important to make sure that all taxes are correctly calculated and applied to the invoice. 
  
  Related Information: 
  For more information on how to use the AP-TTE CRM Transaction Tax Engine, please refer to SAP's official documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP's TTE component for creating and managing foreign currency invoices.