What is 'secondary selling rate' in SAP FIN-FSCM-IHC - FSCM In-House Cash?

secondary selling rate - Overview

• Component: FIN-FSCM-IHC

• Component Name: FSCM In-House Cash

• Description: A rate defined by the in-house cash center and used as an exchange rate for the subsidiaries. The primary buying rate on the other hand is the rate that the in-house cash center gets from the house bank.

secondary selling rate - Details

• 
  Key Concepts: 
  Secondary Selling Rate is a feature of the SAP FSCM In-House Cash (IHC) component. It allows companies to set different exchange rates for different currencies when selling goods or services. This rate is used to calculate the amount of money that will be received from the customer in the local currency. 
  
  How to use it: 
  The Secondary Selling Rate can be set up in the SAP system by going to the “Exchange Rates” tab in the IHC component. Here, you can enter the exchange rate for each currency you are dealing with. This rate will then be used when calculating the amount of money that will be received from customers in that currency. 
  
  Tips & Tricks: 
  It is important to keep an eye on exchange rates and update them regularly in order to ensure that you are receiving the correct amount of money from customers. Additionally, it is important to remember that this rate only applies when selling goods or services and does not apply when buying goods or services. 
  
  Related Information: 
  For more information on setting up and using Secondary Selling Rates, please refer to the SAP Help documentation on FSCM In-House Cash. Additionally, there are many online resources available that provide more detailed information on this topic.