What is planning currency in SAP FI-FIO-CM - Fiori UI for Cash Management?

SAP Term: planning currency

• Component: FI-FIO-CM

• Component Name: Fiori UI for Cash Management

• Description: Currency used to enter plan amounts into a liquidity plan for an organizational unit. The planning currency is typically one of the most frequently used currencies in an organizational unit.

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• Key Concepts: 
  Planning currency is a feature in the Fiori UI for Cash Management component of SAP that allows users to set a currency for their cash management plans. This currency is used to calculate the expected cash flows and liquidity positions of the company. The planning currency can be different from the company's functional currency, allowing users to plan in a different currency than their functional currency. 
  
  How to use it: 
  To use the planning currency feature, users must first select the desired currency from the drop-down menu in the Cash Management Planner. Once selected, all cash flows and liquidity positions will be calculated in this currency. Users can also set up multiple currencies for different plans, allowing them to plan in different currencies for different scenarios. 
  
  Tips & Tricks: 
  It is important to note that when setting up a planning currency, users should ensure that they have sufficient exchange rate data available for the chosen currency. This will ensure that all calculations are accurate and up-to-date. Additionally, users should also consider any potential exchange rate risks when setting up their planning currencies. 
  
  Related Information: 
  For more information on planning currencies and other features of the Fiori UI for Cash Management component of SAP, please refer to the official SAP documentation.