Skip to Content
author's profile photo
Former Member

parallel currencies

HI, can anyone forward me paralle currencies configuration settings..plz

Regards,

Assign points.

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

2 Answers

  • author's profile photo
    Former Member
    Posted on Sep 28, 2007 at 04:06 AM

    Hello

    Financial Accounting Global Settings>Company Code>Parallel currencies.

    In Financial Accounting, you can define up to two parallel currencies in addition to the local currency. Your ledgers are thereby managed in these parallel currencies in addition to the local currency.

    You can use various different currency types as parallel currencies. You define the currency for a currency type when you define the organizational units.

    · Group Currency

    You define the group currency when you define your client.

    · Company Currency

    You define the company currency when you define the company that is assigned to your company code.

    · Hard Currency

    You define the hard currency when you define the country that your company code is assigned to.

    · Index-Based Currency

    You define the index currency when you define the country that your company code is assigned to.

    You can use a maximum of two parallel currencies (second and third local currencies).

    If you have defined the group currency as the second local currency, this has no additional effects. In all other cases, in the application component Special Purpose Ledger you have to define an additional ledger in which transaction figures are managed.

    Features

    If you manage your ledgers in parallel currencies, this has the following effects:

    · During posting, the amounts are also saved in the parallel currencies. The amounts are translated automatically, but you can also enter them manually.

    · G/L account transaction figures are also updated in the parallel currencies.

    · Exchange rate differences also arise in the parallel currencies.

    · You can also carry out a foreign currency valuation in the parallel currencies.

    Reg

    *assign points if useful

    Add comment
    10|10000 characters needed characters exceeded

  • author's profile photo
    Former Member
    Posted on Sep 28, 2007 at 06:09 AM

    hi bhaskar,

    Translation of foreign currency:

    Translation of foreign currency with one parallel currency.

    Translation of foreign currency with two parallel currencies.

    The parameter for translation are as:

    1. Currency type.

    2. Currency.

    3. Valuations.

    4. Source currency for currency translation.

    5. Type of translation date.

    6. Exchange rate type.

    Currency types:

    Group currency: group currency is the currency which is specified in the client table or which is to be entered there.

    Hard currency: Hard currency is a country-specific second currency which is used in countries with high inflation.

    Index based currency: Index-based currency is a country-specific fictitious currency which is required in some countries with high inflation for external reporting (for example, tax returns).

    Global company currency: Global company currency is the currency which is used for an internal trading partner.

    Source currency for currency translation:

    The amounts in the additional currencies can be calculated based on the document currency or on the local currency.

    Date for translation:

    For translating amounts, the exchange rate can be determined according to the translation date, the document date or the posting date.

    Exchange rate type for translation:

    The exchange rate type determines which exchange rate stored in the system is used for calculating the additional amount fields. As with the local currency, you can use the exchange rate type M (average exchange rate) or any other exchange rate type.

    Valuations:

    In this we define the purpose of valuating the general ledger in other currencies i.e., legal valuation, group valuation and profit center valuation.

    Caution:

    1. You may not change the currency type once company codes are productive.

    Configuration:

    Define additional local currencies. (OB22)

    In this activity you can define additional currencies per company code which you would like to manage parallel to the local currency. In this case, you can choose between:

    Define additional local currencies for ledger. (OBS2)

    In this activity, you define additional legers in which to store other currencies. You can find information regarding the currency types which you can define in the activity define additional local currencies.

    regards,

    supriya.

    Add comment
    10|10000 characters needed characters exceeded