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"change over of currency in existing company"

Hi Gurus,

My client wants to change his currency from CAD to USD for an existing company. Can anybody tell me the impact of changing currency for an existing company to a new currency in a live scenario and configuration settings also.

Thanks

jais

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Dec 19, 2008 at 10:39 AM

    Hello. It should be allright

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    • Hi gurus

      If we close our books and creating new company code and new currency for the existing company, all the customization are copied to new company what will happen to old datas. for exampl, AP, AR, GL, Stock, Product costing all the entris in old currency (CAD) when this datas are taken as opening balance on new company with new currency (USD) how the currency conversion will happen.

      In AR invoice is made on CAD currency and paymnt will made on USD

      Scenario

      Invoice

      Customer a/c Dr. 8000 CAD

      TO Sales a/c Cr. 8000 CAD

      Paymnt

      Bank a/c dr 6400 USD

      To Customer a/c CR. 6400 USD

      Currncy ratio is (USD 1 : 0.8 CAD)

      How this will effect in SAP

      scenairo

      in stock

      material in warehouse priced in 100 CAD

      When production ordr made in nw currncy how this old currncy will take in new currncy.

      like this how all entris will taken into new currncy

      Pls clarify in this regards, it will be very helpful to me

      Pls guide me allong with configuration settings, sure points will assign

      Thanks in advance,

      Jais

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