If the due date of the invoice extends to the next month, you might also have to revaluate the local currency (LCY) amount at the end of the month. This issue in combination with the fact that bank currency rates always differ from the official currency rates makes it impossible to anticipate the exact local currency (LCY) amount that is required to cover the invoice. However, the invoice often comes with payment terms so you can delay the payment to a later date, which implies a potentially different currency rate. When you receive an invoice from a company in a foreign currency, it is fairly easy to calculate the local currency (LCY) value of the invoice based on today's currency rate. For more information, see Currencies Example of a receivable currency transaction You specify the currency codes in the Currencies list, including extra information and settings that are necessary for each currency code. Create the currencies with the international ISO code as the code to simplify working with the currency in the future.
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