What is 'transaction currency' in SAP CO - Controlling?

transaction currency - Overview

• Component: CO

• Component Name: Controlling

• Description: Currency in which a particular document is posted. The transaction currency can differ from the controlling area currency and the object currency. The SAP system can perform currency translations using a predefined average exchange rate.

transaction currency - Details

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  Key Concepts: 
  Transaction currency is a term used in SAP Controlling (CO) to refer to the currency in which a company's financial transactions are recorded. It is used to track and report financial information, such as sales, expenses, and profits. The transaction currency is usually the same as the company's local currency. 
  
  How to use it: 
  In SAP Controlling, the transaction currency is used to record and report financial information. This includes sales, expenses, and profits. The transaction currency is usually the same as the company's local currency, but it can be different if the company operates in multiple countries with different currencies. 
  
  Tips & Tricks: 
  When setting up a new company in SAP Controlling, it is important to make sure that the transaction currency is set correctly. This will ensure that all financial information is recorded and reported accurately. 
  
  Related Information: 
  The transaction currency is closely related to other SAP terms such as local currency, functional currency, and group currency. It is important to understand how these terms are related in order to properly set up a company in SAP Controlling.