What is hard currency in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: hard currency

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: A second currency used for reporting in countries with high inflation.

Smart SAP Assistant

• Key Concepts: 
  Hard currency is a term used in SAP to refer to a currency that is not subject to exchange rate fluctuations. This means that the value of the currency remains constant, regardless of changes in the exchange rate. This type of currency is typically used for international transactions, as it provides a stable and reliable way to conduct business. 
  
  How to use it: 
  In SAP, hard currency is used in the General Ledger (SRD-FIN-GL) component. This component allows users to set up and manage their financial accounts, including those related to hard currency. When setting up an account, users can select the currency type as either hard or soft. Hard currencies are typically used for international transactions, as they provide a stable and reliable way to conduct business. 
  
  Tips & Tricks: 
  When setting up an account in SAP, it is important to select the correct currency type. Hard currencies are typically used for international transactions, as they provide a stable and reliable way to conduct business. It is also important to keep track of exchange rates, as this can affect the value of the currency over time. 
  
  Related Information: 
  For more information on hard currencies in SAP, please refer to the official SAP documentation on General Ledger (SRD-FIN-GL). Additionally, there are many online resources available that provide information on exchange rates and other related topics.