Budget Item Details - 'Total (Loca)l' and 'Total (System)'

[Former Member]

Dear Experts,

In Budget Scenario-> Budget Item Details, it has two rows one is 'Total (Loca)l' and 'Total (System)', what is this two rows use for? what is the diffrent between these two rows?

Your reply is highly appreciated.

Thanks.

Regards,

Danny

[msundararaja_perumal · Accepted solution]

Hi,

All transactions in SAP Business One are done in Local Currency (LC), regardless of what currency is specified in any document. All financial reporting is based on LC.

SAP Business One offers reporting in another currency, the system currency (SC). This currency is for balance sheet reporting only. It is not relevant for any transaction involving profit and loss accounts

Hope this is helpful !