What is additional currency in SAP SBO - SAP Business One?

SAP Term: additional currency

• Component: SBO

• Component Name: SAP Business One

• Description: A currency that defines the price of an item. For each item, you can specify three unit prices in three different currencies. The different currencies are: primary currency, additional currency 1 and additional currency 2. The two additional currencies have lower priority than the primary currency, and additional currency 2 has lower priority than additional currency 1.

Smart SAP Assistant

• Key Concepts: 
  Additional currency is a feature in SAP Business One (SBO) that allows users to set up multiple currencies for their business. This feature allows users to track and manage transactions in different currencies, as well as to convert between currencies. This feature is especially useful for businesses that operate in multiple countries or regions with different currencies.
  
  How to use it: 
  To use the additional currency feature in SBO, users must first set up the currencies they wish to use. This can be done by going to the “Currencies” tab in the “Administration” section of SBO. Once the currencies have been set up, users can then assign them to specific accounts or transactions. This can be done by going to the “Accounts” tab in the “Financials” section of SBO and selecting the desired currency for each account or transaction. 
  
  Tips & Tricks: 
  When setting up additional currencies, it is important to make sure that all of the necessary exchange rates are entered correctly. This will ensure that all transactions are accurately converted between currencies. Additionally, it is important to keep track of any changes in exchange rates, as this could affect the accuracy of conversions. 
  
  Related Information: 
  For more information on setting up additional currencies in SBO, please refer to the SAP Business One User Guide. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.