Benefits of Maintaining Group Currency

[SanjayDarji]

Hi,,,,,

Can anyone tell me the benefits of maintaining Group Currency. An organisation under which i am working has 3 foreign Susbsidiary. In that we have maintained company code currency as per the local requirement as 1st currency.

But any one can tell me the benefit of maintaining group currency.

Regards,

Thnaks in advance.

SAN2008

[Former Member · Accepted solution]

Hi,

Group currency is maintained at client level so if you are using four company code in different countries and if your parent company is India then your management will want to see balance sheet of other country's company code in INR also.

So, your group currenyc will be INR which is maintained in SCC4. So, when ever foreign company code make posting in their currency like USD, EUR, simultaneously it is also updated in INR.

In report S_ALR_87012249 just select 30 i.e. Group currency in currency type. You will be see your balance sheet in group currency.