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Former Member
Mar 10, 2009 at 09:19 PM

Foreign currency translation for expense accounts

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Our users want to perform foreign currency translation (through FAGL_FC_TRANS) for all our P&L accounts, including expense accounts. Currently, all our P&L transactions are posted using the previous month's exchange rate. So, through currency translation, the P&L accounts will be translated to the average rate.

The issue I'm having is that expense accounts are cost elements and therefore requires a cost center. Is there a way to default the cost centers posted with translation? We can set up default cost centers in OKB9, but we have hundreds of expense accounts and multiple company codes, and each company code has different cost center. So, is there another way to configure translation for expense accounts?

Thank you.