Skip to Content
author's profile photo Former Member
Former Member

Setting Up SAPB1 to use Multiple Currencies

One of my US clients is looking to begin using multiple currencies. Their LC is USD. One of their BPs is a European supplier that has asked to begin receiving POs in Euros. I have a fair understanding of most of the process for making sure B1 is set up for multiple currencies. However, I have questions about a couple of the details.

  1. The Currency training PDF from SAP Academy instructs that the House Bank Account needs to be set to use the All Currencies. I cannot find any such setting in either Banks or House Bank Accounts under Administration>Setup>Banking. Do I have this wrong? What am I missing?
  2. The Currency setting for ALL G/L Accounts that any transaction with this BP will hit is required to be All Currencies. I don't believe this is currently the case. What are the downsides to be concerned about when changing this setting for G/L Accounts? How do I determine which accounts need to be changed? In the not-too-distant future when they will be starting to have foreign sales customers, how is the account determination made so that it points to the correct foreign sales G/L Account instead of the Domestic Account all parts point to now?

Since I am a fairly new consultant, this is the first time I will be telling a client to make a change that is irreversible. I'm only a little nervous about it.


Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

2 Answers

  • Best Answer
    Posted on Dec 10, 2014 at 06:41 AM

    Hi Randy,

    I hope he was referring Bank account (G\L Account of bank ) you need to put your Banks accounts to All Currencies.

    You also need to put your Accounts to All Currencies as If you are selling your FG or any other service in FC then your JE will be booked with FC and LC both.

    Also check these threads for your assistance. They are discussing for some issue but hope you get some idea from their discussion.

    Creating Incoming Payments for All Currency Customers

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Dec 10, 2014 at 09:09 AM

    Hi Randy,

    For your 1st question,

    In Administration>Setup>Banking->House Bank Accounts - setup

    Under G/L Account column, Click on golden arrow then,

    Under Chart of Accounts window you can find Currency option.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.