Balance on local currency

[Former Member]

Hi ,

In FS00 in control data Tab ,Balance in local currency and Open item managment , What is purpose of this and what happens if we tick what happens if we dont tick that

regards,

Santosh kumar

[Former Member]

Hi

Use

The local currency amounts in FI and TR-TM-SE are converted independently of each other. Since the local currency amounts are converted at different summarization levels (at flow level in TR-TM-SE, for the document or account transaction figures in FI), there may be rounding differences when you compare TR-LO and FI resulting from the local currency changeover.

In FI documents, the system clears any difference between the debit and credit sides after the local currency changeover by means of an additional posting item. This posting item does not exist in TR-TM-SE. This may lead to different balances in TR-TM-SE and FI.

cya

udayakumar

[Former Member]

thx

[Former Member]

1. for the 'balance in local currency'. suppose you're posting a document in foreign currency, if you select it, the amount will be convert to local currency ammount, and add to the total amount in the table GLT0(for new G/L, that's FAGLFLEXT) table. otherwise, there'll be a new record in the total table GLT0(for new G/L, that's FAGLFLEXT); further, when you're check the GL account balance via FS10N, you will be able to switch to different currency, because, there're corresponding table entries.

2. for the open item management, it's commonly used to manage those account needs to be cleared, such as bank clearing, you have to tick the line itme display if you tick the open item management.

hope this help

[Former Member]

open item is used for Clearing purpose and like salary provision and outstanding expenses,

balance in local currency some gl a/c not maintain the open item mgt.but at time select balance on local currency check box.