# Transaction currency

> Transaction currency — The currency a single transaction is denominated in — the invoice's currency, which may differ from the entity's functional currency.

Source: https://lopifi.com/glossary/transaction-currency
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is transaction currency?** In accounting, transaction currency means the currency a single transaction is denominated in — the invoice's currency, which may differ from the entity's functional currency.

## Words this system refuses for it

- functional currency
- local currency

- **Category:** Multi-entity
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** functional-currency, transaction, invoice