Personnel Area currency needs to be different from it's Company Code Currency

[Former Member]

Hi Friends!

There was a requirement to create a new Personnel Area and this was to be assigned to a Company Code which was having a EUR currency. Now the client needs this Personnel Area to have a different currency AED.

Company Code -> EUR

Personnel Area -> AED

Could anyone advise how this could be achieved now?

Thanks in advance.

Regards,

Vish

[Former Member]

Hi Vish,

if you want to change the default currency for IT 0008, at the time creating wage types give currency as AED. if you wont give any currency then system will pick from company code default currency type. and you have to maintained the currency converts like currency exchange for EUR AED (FI will do these).

Best Regards,

Praneeth kumar

[Former Member]

Closing the thread.

[Former Member]

Hi Vishwanath,

The company code will be configured by Finance consultant and we will just assign the Personnel area to the Company code in HR.

So the currency is decided at Company code level  V_T880 and Personnel area is assigned to C.Code in table  V_T500P.

Regards,

Mithun K

[Former Member]

Hi Mithun,

Have a doubt. Please clarify:

if we simply change the Co. Code (to a Co. Code which has the required currency) to which the Personnel Area is assigned to in V-T500P will that suffice the requirement here.

The new PERNR's that are created after this changes will have the a diff Co. Code and currecnty, but what about already existing PERNR that are created with this Personnel Area.

Thanks,

Sriram

[Former Member]

HI Sriram,

Basically the company code is been created by the Financial consultant which has lot of implications not only in H.R but at all the other modules also.

So this is very sensitive because the Company balance sheet is been based out of the Company code etc..So i would not suggest this and also the concurrence must be there from Finance consultant for the same.

Regards,

Mithun K

[Former Member]

Hi Mithun,

This means that the Personnel area cannot have a different currency from the Co.Code. Please let me know.

Regards,

RV

[Former Member]

Hi Mithun,

In the table V_T880 there is no entry for our Company Code. You are right that the assignment of PA to CoCode is done in V_T500P.

In our case, PA XXXX is already assigned to CoCode YYYY having EUR as currency, so PA XXXX reflects the same EUR currency (IT 0008 for the Employees), but now the client wants this PA XXXX to have AED as the currency.

So our concern is how do we achieve this currency change for the Personnel Area without changing the Company code or it's currency since there are other Personnel Areas assigned to this CoCode apart from the one needing AED as currency.

@Sriram : Thanks for raising your point as well.

Regards,

Vish

[Former Member]

HI Vishwanath,

I don't think its a good idea of changing the Currency for the existing  Company code instead create a new Company code and create the necessary Personnel area under the same.

And in case if you want to change the currency of existing company code do check with the Financial consultant as it will have lot of implications at company level.

Regards,

Mithun k

[Former Member]

Hi Raghu,

A single Company code can be assigned to a Personnel area but where the other way many personnel areas can be under a Company code.

And currency is been decided at company code level so i hope you would understand.

Regards,

Mithun K

[Former Member]

Hi Mithun,

Thanks! I just wanted to be sure that a Personnel area doesn't have currency different from that of Co.Code. Technically, that sounded not possible to me!

Regards,

RV

[Former Member]

HI Raghu,

Yeah absolutely correct thats what i have explained currency is defined C.Code level so we are just assigning personnel areas to C.Code so there would be no difference .

Regards,

Mithun K

[Former Member]

Hi Vishwanath

I don't think so creating a new company code will be a feasible solution in your case by considering currency's as a issue, as u have to bifurcate all the data once again to maintain at the other company code level. As addressed by Mithun earlier we can only create one currency at one company code only. you can refer that in OBY6 t-code. FI will maintain exchange rates for all the countries & they also maintain currency's details for viewing purpose like Trip currency, Hard currency, foreign receipt currency for documents viewing purpose.

If u change the currency then the whole business will have a Impact on this!!!

Hope this Info will be helpful

Cheers

Pradyp