Costpoint recognizes the following three currency types for recording billing and accounts receivable transactions:

• Functional Currency: Your functional currency was selected when your company originally installed Costpoint. This is the currency used for your company's financial statements. Once the functional currency is selected, you should not change it. (If you are unsure what your functional currency is, display the Configure General Ledger Settings screen.)
• Transaction/Billing Currency: When you prepare invoices, this currency displays on the outgoing invoice.
• Transaction/Receipt Currency: This is the currency in which your customer pays the invoice.

For more information on using multiple currencies, see Currencies in Costpoint.