Assignment of same chart of account to the comany code having diff currency

[Former Member]

Dear Experts,

At presently we are having three company codes and all three company codes are using single Chart of account. All the new existing three company codes are using currency INR. Now we would like implement sap for two new location. we are looking for two new company codes. One location is USA and another UK. Therefore for USA company code the currency would be USD and GBP in case of UK location.

Now I would like to know can I use the same chart of account for the two new comany codes which we are already using for the three company codes?

Regards

Paul

[former_member221515 · Accepted solution]

yes, you can use the same COA for company code since COA is at client level.

Go to Global setting and assign the COA to desired Comapny COde

[Former Member · Accepted solution]

Thanks so much for your prompt response.

But one question I have is that, If I am trying to take my trail balance at COA (five comany code in three different currency) then which currency it will give the output.

Regards

Paul

[former_member182098 · Accepted solution]

Hello,

You will get the report in local currency.

You may please run the report in F.01, you will find the difference. You can pick up currency in the layout from hidden fields to visible fields.

Please note that normally P&L and BS is presented per company code.

Regards,

Ravi

[former_member221515 · Accepted solution]

COA is not currency dependent. It will give output which u define in Company Code to which COA is assigned..

[former_member221515 · Accepted solution]

Hi Ravi

Can you please look into the queries i posted regarding Shift Depreciation and Retrospective effect in depreciation rate.

Please look into it.

Sorry Paul for using other posts.

[former_member182098]

Hello,

You can use it.

But obviously, the accounts in UK and USA will differ in its own way. Therefore, for legal and local purposes, you can also think of using country chart of accounts.

Regards,

Ravi