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Former Member

Diff. currencies for GL a/cs in one COA?

Friends,

1. What is the significance of having different currencies for GL accounts in one chart of accounts?

2. Can one coy code have one currency and other coy code have different currency?

3. If fiscal years are different for 2 different company codes with USD and INR currencies respectively, how do you generate combined reports in USD currency?

Will surly assign points.

Thanks

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 11:28 PM

    Hi

    CoA is independent of comapny codes. So u can define one chart of account and assign it to as many company codes as possibles.

    However CoA contains two segments

    Pl read the following link for CoA

    http://help.sap.com/erp2005_ehp_02/helpdata/en/e5/078d0b4acd11d182b90000e829fbfe/frameset.htm

    So u have Char of accounts area which is common across all company codes.

    Where as company code segment may be different for different company codes which may contain currency field status variant and other related settings.

    You normally defined currency at the company code level

    So company codes which contain same chart of account may be posted in different currencies. And they may be assigned to different fiscal year since they are the assignment at the company code level and not at the chart of account level

    If you want to merge or consolidate companies with different currencies then u need to maintain group currency.

    This is fist defined at the client level tcode SCC4 and then at the company code level as parallel currency or additional currency (type 30)

    When u are posting at locan currency which could be INR and if u deifne USd as group currency system will tranlate based on the exchange rate defined at the echange rate table

    Then you consolidate ur accounts either through consolidation module

    Hope this will give you some idea about CoA, Group currency and consolidation

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 21, 2007 at 06:55 AM

    Hi

    Refer to your questions, note that CoA are independent of currencies and can be assigned to different CoCode with different currencies. Thus co codes with same CoA can have different currencies. A compay code can also two more currencies defined other then the local or the company code currency. Suppose there is a company with ops in India and US. and has implemented SAP in both currencies. The subsidiary in US for the company will have USD as the company code currency, but you can also mention INR as additional currency for global consolidation with the parent in India.

    Assign points if the information is useful

    Regards

    Sanil Bhandari

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