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Cost Center allocation with Object currency and Controlling Curr different

Apr 16 at 09:17 AM

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Former Member

We have a situation where, Cost center object currency is different from Controlling currency.

Costs will get collected into cost centers (obj curr different from Controlling Curr), during the month end process costs will be distributed to secondary cost centers in obj currency.

Dept Cost center will have credit posted manually through financial posting amount equal (equal in controlling cur) to the costs those got collected into support cost centers.

So, after the month end allocation, we are still seeing balance in the Primary cost center in Object currency, even though controlling currency is zero.

Example of scenaro :

Controlling curr : USD

Cost center obj curr : EUR

Initial Credit posting to D0001 USD (500) EUR (400)

Cost booking in Cost center CST001 USD 100 EUR 90 on 1.1.2011


TOTAL COSTS USD 500 EUR 440

During month end all costs will be moved to Cost center "D0001" and summarised values will be as below

Cost center D0001 USD (500) EUR (400)

USD 500 EUR 440

Now in the receiving cost center there was a cost center which belong to JPY currency so cost got distributed into controlling area currency and converted the same amount in object currency.

Now, for cost center in Controlling currency balance will be "zero" whereas in obj currency (EUR) there is a balance of 40.

Business dont want to see any balance remaining after the month close, in any currency.

Any, thoughts on how we can bring the cost center D0001 values zero in all currencies recorded.

Distribution has already been completed for previous month.

Appreciate your help in this regard.

Thanks

Sanchit

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