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

SAP Term: quote currency

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: Is the currency into which the conversion is made for foreign currency remeasurement.

Smart SAP Assistant

• Key Concepts: 
  Quote currency is a term used in SAP's Financial General Ledger (SRD-FIN-GL) component. It is the currency used to express the value of a transaction in a foreign currency. The quote currency is also known as the "counter currency" or "secondary currency". 
  
  How to use it: 
  In SAP, the quote currency is used to record transactions that involve foreign currencies. When entering a transaction, the user must specify the quote currency and the amount of the transaction in that currency. The system will then convert the amount into the local currency and record it in the ledger. 
  
  Tips & Tricks: 
  When entering a transaction involving a foreign currency, make sure to double-check that you have entered the correct quote currency and amount. This will ensure that your transaction is recorded accurately in the ledger. 
  
  Related Information: 
  For more information on quote currencies and how to use them in SAP, please refer to SAP's documentation on Financial General Ledger (SRD-FIN-GL).