In SAP S/4HANA, currency types are critical as they define the currencies in which transactions and reports are recorded. The default currency types in SAP S/4HANA include:
* 00 = Document currency: This is the currency in which the original transaction is recorded. It is essential for maintaining the accuracy and consistency of transactional data.
* 10 = Company code currency: Also known as the local currency, this is the currency used for the company's internal accounting and financial reporting. Each company code is assigned a specific local currency, ensuring that financial statements are prepared in a standardized manner.
These currency types are foundational in SAP S/4HANA and are automatically included in the system configuration to support various financial operations and reporting needs.
References
* [25:26†SAP 4_HANA FICO.pdf]
* [28:1†1709119988077.pdf]
Organizational Assignments and Process Integration