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In laymans words, document currency is the currency that is applied for the document and local currency is the currency where the document is generated. Example : An Indian company does a posting for a Sale of goods in USA. In this case the document currency would be USD and the Local currency would be INR.

Document currency. The currency of the transaction. For example, if you purchase a chair from a supplier in Mexico, the document currency is probably the Mexican peso. Local currency. The currency in which the financial books, including the transaction, are closed.

Transaction currency is your document currency and it can be any currency just you need to maintain exchange rate for it to make a transaction. While Generating document system will maintain data in Local Currency as well as in transaction currency.

The document currency is the currency of the transaction which depends on the structure of the transaction. In our example, we're legally obligated to pay 500 EUR. Thus our document currency is EUR. This currency is actually set on the document at the time of the transaction.

For this, choose Environment Document Currency Overview in the balance display. You can display the account balances of the line items that were posted in a different currency. To do this, choose Document Currency with quick info Other Display Currency in the balance display, and then select the desired currency.

A Bill of Exchange is a document used in global trade as a written order binding one party to pay a fixed sum of money to another party on demand or at a confirmed date.

Currency Types The company code currency is the currency in which the local ledgers are managed in external Accounting (currency type 10). It is already predefined in the system and is the national currency of the company code. Group Currency.