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author's profile photo Former Member
Former Member

Only balance in local currency

1. If I select “Account currency” as INR only

Now If I post the document, the document will be updated only in INR?

2. If I select “Account currency” as INR and also “only balance in local currency”

Now If I post the document, the document will be updated in INR and also USD?

URGENT PLEASE

NOTE: CAN ANY BODY SEND ME AN EXAMPLE FOR THE ABOVE QUERY

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2007 at 05:14 AM

    Hi,

    Usually SAP maintains transactions in 3 parallel currencies.

    a. If you post to an account which is defined in the same currency as company code currency, the transaction is updated only in that currency.

    b. if you post to an account with a different currecny to that of company code currency. the transaction is updated in both the currencies.

    Rgds.

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 10, 2007 at 03:13 PM

    Hi

    The local currency is checked in case you required postings only that currency and not any other currency.Usually it should not be used in case transactions are in foreign currency or is the account is open item managed.The following standard example may be useful for you.

    Examples:

    You set up a clearing account for goods receipts and invoice receipts

    and manually post these items to it. You post invoice receipts in the

    invoice currency and goods receipts always in the local currency.

    Invoice receipt 1000 DEM 600 USD

    Goods receipt 600 USD

    Both items can be cleared if the clearing account balances are recorded

    in local currency only. If you have not set the indicator for this

    account, the system will translate DEM to USD during the clearing

    procedure in order to determine the amount in USD required to clear 1000

    DEM. If the translation rate is .65 USD per DEM, then the system

    displays 650 USD for the invoice receipt and 600 USD for the goods

    receipt when the open items are processed.

    This means that to clear both of these items, you will also have to

    enter a difference posting for 50 USD, and the system will automatically

    make an additional exchange rate difference posting for this amount.

    Please award max points in case is useful

    Regard,

    Nagesh

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