Does setting multi currency and fixed foreign currency make a difference ?

Hi all,
My customer deals in foreign currency say USD, where as local currency is INR.
Now I want to know that what all difference SBO will make if in one scenario I set the Inventory GLs currency as Multi currency and in second scenario I set the Inventory GLs currency as USD ?
Regards,
Samir Gandhi

Hi Samir,
in essence, an account/BP that is set up as multicurrency (MC) is local currency (LC) in disguise. All transactions are held in the application in LC, the display is merely informational according to the exchange rate defined for the posting date. The reconciliation currency is LC.
A foreign currency (FC) account/BP will only accept transactions in this FC. The LC equivalent is automatically calculated, but the reconciliation currency is FC. Exchange rate differences are used to adjust LC according to the rate at the execution date.
If you use a particular bank account for trading with a particular foreign country, the account currency & the BP currency should be set to a single FC. If a particular bank account is used to deal with various BPs using various currencies, that account should be set up as MC, yet we would recommend you set the BP as single FC.
There are some relevant Expert Empowerment Sessions available in the archive:
[Exchange Rate|http://service.sap.com/~sapidb/011000358700000315572008E.zip]
[FC & SC are the same, why don't they match?|http://service.sap.com/~sapidb/011000358700000326672008E.zip]
Also, please have a look at the Expert on Phone Newsletter May2008:
[How to reconcile a foreign currency only journal entry for a multi-currency Business Partner|https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=25494259]
All the best,
Kerstin

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[Exchange Rates when copying from base to target documents|https://psd.sap-ag.de/PEC/calendar/html/recording.php?hck=e5397f14c44f8df754617194051dab1ad38f59f08580406c2efd59aa4c0f71616713c2abe76bc503e08f2f5eda4863634f6fe99ad39d46c947c09623b91e53ca]
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