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Chart of Accounts & Country Chart of Accounts in S/4 Hana 1709

Hi All

Can we have chart of accounts & country chart of accounts. The reason is after migrating to S/4 Hana 1709 when we run foreign currency valuation the document created does not populate alternate account number. However if we assign country chart of accounts the document populate alternate account number. Other than that we don't need country chart of accounts. Hopefully assignment of country chart of accounts won't have any new changes.

Regards

Pankaj

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  • Hello Pankaj,

    generally speaking there is nothing specific for S/4 HANA 1709 regarding the country chart of accounts.

    I understand you see a problem with by the FX-valuation posting in NOT populating the alternate account.

    But you also state, that generally speaking you do bot need the country chart of accounts (which would populate the alternative account).

    So could you please clarify why exactly the empty "alternate account" field would be a problem if it stays empty?

    KR,

    Steffen

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  • Posted on Oct 23, 2019 at 06:33 PM

    Hi Steffen

    Thanks for the response. Actually in ECC whenever we were running Tcode-FAGLL03 we were seeing alternate accounts in all posting but in S/4 Hana 1709 it is missing. We want to populate that as well. However I don't want to create any issues in S/4 Hana. I tried using same chart of accounts & country chart of accounts which worked but wanted to confirm whether this change will bring anything new?

    Regards

    Pankaj

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    • Hello Pankaj,

      so the answer to my question "why exactly the empty "alternate account" field would be a problem if it stays empty?" is:
      Because it was like that in ECC. Well, that is not a particularly good reason by itself I would say.

      Usually the meaning of the assignment of a posting line to a county chart of account is, that one builds financial statement (in OB58 or in HANA in the respective app) in the country chart of account to satisfy legal reporting requirements.

      So unless business gives you a good reason, I would refrain from implementing a country chart of accounts only for the purpose of "having the alternate account filled".

      Kind regards,

      Steffen

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