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

SAP Term: primary currency

• Component: SBO

• Component Name: SAP Business One

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

Smart SAP Assistant

• Key Concepts: 
  Primary currency is a feature in SAP Business One (SBO) that allows users to set a default currency for their business. This currency will be used for all transactions and reports, and it will be the basis for all other currencies used in the system. The primary currency can be changed at any time, but it is important to note that any changes made will affect all existing transactions and reports. 
  
  How to use it: 
  To set the primary currency in SBO, go to the Administration menu and select System Initialization. Under the General Settings tab, select the Currency tab and select the desired currency from the drop-down list. Once selected, click OK to save the changes. 
  
  Tips & Tricks: 
  It is important to note that when changing the primary currency, all existing transactions and reports will be affected. Therefore, it is important to consider the implications of changing the primary currency before doing so. Additionally, it is important to ensure that all other currencies used in the system are updated accordingly. 
  
  Related Information: 
  For more information on setting up and managing currencies in SBO, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/SAP_BUSINESS_ONE/9.3/en-US/f8d7f2b6a7c14e8a9f3d2b5f1e4d7c2a.html