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Jan 10, 2022 at 06:41 PM

Country Currency is changing - How to approach that in ByD

532 Views Last edit Jan 11, 2022 at 12:50 AM 2 rev

Dear Experts,

Croatia is part of European Union and from 01.01.2023. will become a part of Euro zone, which means that Euro will replace Kuna as a Local Currency in Croatia. That also means that all ByD clients in Croatia would need to change Company Currency to Euro starting from 01.01.2021.

What would be the best way to approach this conversion in ByD? Did you had similar experience with other Countries and ByD clients? Because some European Countries also changed their Currencies to Euro in the past. I think Lithuania was the last one in 2015. Does SAP have some tools like they have for R/3 or is the only way to do this conversion, to create a parallel Organizational Structure and Company and migrate data from one Company to another?