What is 'invoicing currency' in SAP FI-CA-INV - Convergent Invoicing?

invoicing currency - Overview

• Component: FI-CA-INV

• Component Name: Convergent Invoicing

• Description: Invoicing currency, which can differ from the source document currency.

invoicing currency - Details

• 
  Key Concepts: 
  Invoicing currency is a term used in SAP's FI-CA-INV Convergent Invoicing component. It is the currency in which an invoice is issued. This currency is used to calculate the total amount due on the invoice and is also used to determine the exchange rate for any foreign currency transactions. 
  
  How to use it: 
  Invoicing currency can be set up in the SAP system by going to the FI-CA-INV Convergent Invoicing component and selecting the “Invoicing Currency” option. From there, you can select the currency you want to use for invoicing. Once selected, this currency will be used for all invoices issued from that point forward. 
  
  Tips & Tricks: 
  It is important to make sure that the invoicing currency you select is the same as the currency of the customer’s bank account. This will ensure that payments are received in a timely manner and that any foreign exchange fees are minimized. 
  
  Related Information: 
  For more information on invoicing currencies, please refer to SAP’s documentation on FI-CA-INV Convergent Invoicing. Additionally, you can find more information on foreign exchange rates and how they affect invoices by visiting your local bank or financial institution.