What is company currency in SAP SRD-BC-TLS-DTM - CRO-Data Migration?

SAP Term: company currency

• Component: SRD-BC-TLS-DTM

• Component Name: CRO-Data Migration

• Description: The primary currency of a company. It is the currency used on financial statements. You only need to define the company currency if it differs from the transaction currency.

Smart SAP Assistant

• Key Concepts: 
  Company currency is a term used in SAP software to refer to the currency used by a company for its financial transactions. It is the currency in which the company's financial statements are reported and is used to record all transactions in the company's books. The company currency is usually the same as the country's official currency, but it can also be different. 
  
  How to use it: 
  In SAP software, the company currency is set up in the system configuration. This setting can be found in the Financial Accounting (FI) module under the Global Settings tab. Once set up, all transactions will be recorded in this currency. 
  
  Tips & Tricks: 
  When setting up a company currency, it is important to make sure that it is consistent with other currencies used by the company. For example, if a company has multiple subsidiaries located in different countries, each subsidiary should use the same company currency. 
  
  Related Information: 
  The Component SRD-BC-TLS-DTM CRO-Data Migration is related to data migration in SAP software. It is used to migrate data from one system to another, such as from an old version of SAP software to a new version. This component can also be used to migrate data from one company to another, such as when merging two companies into one.