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author's profile photo Former Member
Former Member

Re:Currency Conversion In Intercompany Transactions Currency Rate

Hi FI Experts ,

We have a Scenario of Intercompany transactions .

Kenya - KES

Uganda - UGX

1 KES = 25 UGX

When posting is done in the UGX, amount in Local Currency is getting multiplied with 25 instead of dividing it by 25 to convert into Local Currency ie KES

Please Help how to go about ....

Regards,

Sriram

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 28, 2007 at 08:35 PM

    Hi,

    Please check whether direct / Indirect quotes are maintained in transaction code OB08. Also check the translation ratios maintained in transaction code OBBS.

    Thanks

    Murali.

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 28, 2007 at 11:34 PM

    Srirama,

    You need to make sure that you have a translation ration as 1:1 for KES to UGX and UGX to KES. Then you need to maintain the FX rates in OB08 transaction as follows:

    1 KES = 25 UGX and

    1UGX = 0.04 KES

    You have to specify this otherwise the system won't give you the proper results.

    Best regards,

    Vishal Thakur

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