Local Currency Changeover - Implications

[Former Member]

Hi,

A company code has the local currency now as USD but it wants to change the local currency to South African Rand.

What are the steps for making this currency changeover from USD to SA Rand?

What are the repercussions/implications if the local currency is changed?

What are the preparations required prior to local currency changeover?

Have any of you worked in such a scenario? What the pit-falls to watch for?

Any help in this matter is greatly appreciated.

Thanks.

[Former Member]

Thank you all for your suggestions. I need to do some more research on this.

[Former Member]

Hi,

Good morning and greetings,

Please go through the following SAP OSS Notes

Note 146824 - Changing the account currency of a G/L account

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Thanking you

With kindest regards

Ramesh Padmanabhan

[Former Member]

Hi Sanjay

You should be setting up a new company code with currency Rand and transfer all the balances to the new cocd. This is the easiest and less complex method for your requirement.

Thanks

Ashok

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[Former Member]

Hi Sanjay,

It is a big question. One that can be answered only after a careful analysis. I will suggest you to get a good understanding of what needs to be done.

Are you prepared to start a new company code / chart of accounts and import open items & balances as on a cut off date?

If yes, I will suggest to create a new client & perform that exercise else only SAP technical team can help you.

Kindly reply for further clarifications. Award points if the answer was helpful.

Regards,

Siva