What is the Second Base or Reporting Currency?
The third currency value available on a transaction can be used to maintain either a second base currency, or a reporting currency. This choice is made for a business unit and, therefore, applies to all of the transactions for the unit. The second base or reporting currency is pre-defined for the business unit in the same way as the base currency. A second base currency runs parallel to the base currency. Transactions always contain both a base currency and a corresponding second base currency value and the conversion rate between the base and second base currency is fixed. The euro is a good example of a second base currency. The second base currency can be chosen as the pivot currency, if required. A reporting currency does not have to be held on all transactions and is usually calculated by the system. It is often the currency of a parent company. The reporting currency cannot be selected as the pivot currency. The fourth currency value available on a transaction can be implemented
