Additional Local Currencies!

Hello All SAP Gurus,
Here is the situation. The company started using SAP in 1999. At the time they only had one currncy, USD. The people who handled the roll out at the time had no forsight and neither tdid the company. Now this company has multiple companies with multiple currencies. They have upgraded recently to ECC 6.0 and would like to use the "group currency" in FI. In order to do this "Additional Local Currencies" needs to be set up. I thought everything was going along fine untilduring testing we encountered an error in Fixed Assets. When I researched the error I found SAP documentation that stated you should not change "Additional Currencies" once a company code is open and being used.
Does anyone know if this can be by passed and "Additional Local Currencies" be set up to use Currency Type 30(Group Currency as the second currency?

Kavitha,
Thanks for your reply but the issue is, they are already up and running on just a single currency per company code. I know where to go to add the additional currency what I am asking is it possible to add a new currency once a company is up and running? I found a document regarding assets that stated once you start up without multiple currencies you cannot add it. I was hoping there was a work around to get multiple currencies added once a company is up and running without it. Can this be done?
Thanks,
Dan

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Hi All,
Could you please tell me, why do we need to assign two more additional local currencies to company code(which scenario), and what we are achiving by assigning two more additional local currencies to company code.
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Dear Suresh Patipati,
Please review the following links:
[Parallel Currencies in Financial Accounting|http://help.sap.com/saphelp_47x200/helpdata/en/e5/0782c54acd11d182b90000e829fbfe/frameset.htm]
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Hello:
I am trying to add additional local currency for my company code. When I tried to do this in Financial Accounting/Financial accounting global setting/company code/multiple currencies/define additional local currencies , the fields in 1st local currencies and currency field in 2nd local currency are protected. Can you anyone help me how to enable this field to be unprotected.
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Hi shalini,
When you are defining additional currencies for your company code in ob22, First Local currecy with Legal valuation and currency type 10 will be in gray mode.
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Hi,
I need to set Additional local currency as 30 USD and 40 as EUR. Where i need to maitain this?
govind.

Hi,
I am getting the following entry while posting one expenses in f-02
Ledger is not created for currency type 40 and valuation 0
Message no. GI814
Diagnosis
You activated (in FI-SL customizing) currency and valuation type 40 in company code 1000. In order to store the required data in the general ledger, you have to create a ledger that stores currency 40 with valuation 0 (0 = legal valuation, 1 = group valuation, 2 = profit center evaluation).
System Response
The posting is terminated.
Procedure
Create a ledger which stores currency type 40 with valuation 0.
Execute function
govind.

Additional local currencies for company code

We are using company code currency INR -The clients wants additional currency USD as 2nd local currency--In OB22 the
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for 2nd local currency we have given the following data:
currency type: 30 group currency
valuation 1 group valuation
exchange rate type: m
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regards
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Hello Joseph,
Currency & valuation are considered as life blood of ERP systems as such those should be managed intelligently right from the day 1.
Additional currencies cannot be activated once the company code is live!
One needs to evaluate various options available, depending upon your requirements and system & solution landscape.
However due to hugh impact of such changes, it would be better to take the help of SAP SLO services.
Ambadas

New additional local currency in a productive system

Dear all,
Has anyone added a new local currency for a company code that has transactional data?
We basically have one Irish company code that was set up with GBP as local currency code because it is at the moment part of a British company (it is not a legal entity itself). But we would now to be able to hold our Balance Sheet and P&L in EUR (which is in any case the document currency for most transactional data), especially looking at a future split of both entities.
I understand that it is possible to add a second local currency (EUR set up as currency type 40 or 50 for example) even though there is transactional data in the system, but what are the implications? Can this only be done at year end or could we use any period end to start using this second currency? Would we necessarily need to convert all historical data to this second currency as well?
Many thanks

Hi Chirag, thanks for your response. I had had a look to that note already but it does not seem to give a clear answer since it recommends to contact the SAP SLO group to get an assessment (and quotation) of the work to be done.
I believe now that we need to decide whether to add a second local currency (EUR) to the existing company code or create a new company code with the correct currency settings and then migrate the old one into the new one. I am not sure how easy this sort of "migration" within the same SAP system is. We need to assess the costs and benefits of both options before we can take a decision.
Any opinions on this are greatly appreciated.

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Hi Experts,
Can I know whether there are any differences in the way SAP logic applies to the following currency types?
1. Hard currency 40
2. Index-based currency 50

Hi,
Yes I am aware that we can maintain 2 additional parallel currencies for company code.
Hard currency
Hard currency is a country-specific second currency which is used in countries with high inflation.
Index-based currency
Index-based currency is a country-specific fictitious currency which is required in some countries with high inflation for external reporting (for example, tax returns).
But, are there any differences in standard SAP logic between these currencies or it is the same?

Source currency in OB22 (Additional Local Currencies for Company Code)

Hi!
I'm setting up a third local currency for one of my company codes and the only source currency options I have are "Translation taking transaction currency as a basis" and "Translation taking first local currency as a basis". I need to have my third local currency translation basis be the second local currency (which is not an option). I've already set my company code currency and have done postings, so I cannot change that. Is there a way to add another source currency option?
Thanks!
Laura

Laura,
I don't think there is way to specify second local currency as a basis for translation. Only options 1 and 2 are available in OB22.

Additional local currency EUR for compyny codes with Currency EUR

Hello,
for reporting reasons we would like to add a "second" currency EUR for the comnpany codes that already have EUR as company code currency.
Is that possible?
Do you expect difficulties?
Thanx & Regards
Britta
Edited by: Britta Heimann on Mar 2, 2011 9:14 AM

Hi,
I know companies having local currency XYZ and second local currency EUR and due to EUR-conversion they have now 1st and 2nd currency EUR.
But apart from that, what is the idea of having such a scenario? Different currency ex. rate types or translation dates for all foreign currency postings?
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Best regards, Christian

Additional Local currency is to be added : Impact Anaylsis

Hello FICO Experts,
We have a requirement to define the 3rd local currrency as Group currency for the company code that is already live and running in Production.
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Also Is there any changes required in the SD-MM integration due to this config change?
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Regards
Manish

Hi ,
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Kind regards,
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GR/IR account difference for posting in second local currency

Hello SAP Gurus,
We have set up additional local currency in OB22 (Currency type 30, rate type M, Translation on the basis of "Transaction Currency", date type: 3). We have set up exchange rates in Tr. code: OB08 and using GR based IR.Now:
1. Create a account assigned PO (with Goods receipt) in foreign Currency say EUR 500. Local currency and additional local currency are same say AUD. Exchange Rate for PO is .0.61120 EUR = 1 AUD.
2. Did MiGO with Rate .0.62220 = 1AUD system posted folllowing Entries:
TC= Transaction Currency, LC= Local Currency, LC2= Additional Local Currency
Dr EXpense A/C 500 (TC=EUR)     803.60(LC=AUD)         803.60 (LC2=AUD)
Cr GR/IR Clg A/C 500 (TC=EUR)     803.60(LC=AUD)         803.60 (LC2=AUD)
3. Did MIRO with rate: 0.61550 EUR= 1AUD system is posting following entries (WRONG)
Cr Vendor A/C      500 (TC=EUR)    812.35 (LC2=AUD)         812.35 (LC2=AUD)
Dr GR/IR Clg A/C 500 (TC=EUR)     803.60(LC=AUD)         812.35 (LC2=AUD)
Dr Expense A/C    0   (TC=EUR)         8.75 (LC=AUD)              *0.00(LC2=AUD)*
What I think it must do is keep GR/IR clearing AC same for both local currency and LC2 and post difference to original expense account in local and LC2 currency.
It use to work perfectly but seems something gone wrong recently in system(with some OSS note or something else) that seems to have cause this issue.
Any knowledge/experience sharing will be highly appreciated.
Cheers
Chandra
Edited by: Chandra Kaushal on Jun 23, 2010 10:24 AM

Dear Chandra,
Can you please share the screen shot of OB22 for your company code?
Regards,
Sachin

Local Currency - Translation Date Type

Hi:
We are on ECC 6.0 with New GL.
I wanted to check if we can change the Translation Date Type for 1st local currency (10) from Translation date to document date? There are three options in this field - Posting date, document date and translation date. But when we maintain it (under additional local currencies for a company code), local currency has this grey out and comes default to translation date. Not sure where it is defined that local currency can be translated only based on translation date.
However for 2nd and 3rd currencies this field is open and allow to choose any date type.
Please advise.
Thanks,
Rahul

Hello Rahul,
For the local currency, it is hard-coded in the system to
choose the translation date as the transalation date (type 3). If you
change this translation date when you enter a document, the system will
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hope thic clarifies
Ray

OBY6 no forex clearing in local currency when LC2 used also

Hi folks,
I know this is a long shot that anyone can help but here goes..
Our site has local currency BOB and an additional local currency (local currency 2) USD.
So we usually get 2 local currency amounts in documents, a BOB amount and a USD amount.
When clearing in local currency BOB we are getting a lot of exchange rate difference postings for documents that are in foreign currency. We want to stop the exchange rate difference postings when we clear in local currency BOB, as it is not necessary to post a difference for clearing.
The setting in OBY6 for this is tick box "no forex rate diff. when clearing LC"
However even when this is ticked in OBY6 I STILL get the gain/loss exchange rate postings when for example a EUR document is cleared using the local currency amount in BOB. I am sure I have seen this setting work before, but not with an additional LC2. Maybe the LC2 being USD means that this setting can no longer work? We are on 4.7.
Thanks all

Got an answer from SAP on this issue
Please be informed that
OBY6 "no forex rate diff. when clearing in LC": please regard the
documenatition. The flag is only relevant for the local currency (= 1st
local currency). In your case the 2nd local currency is concerned. That
is the reason exchange rate difference items were generated for hard
currency.
So if you use a second currency forget using the OBY6 setting, you have to 'disregard the documentation'. You can never stop the exchange rate difference posting because either LC or LC2 will find a difference if the rate differs on clearing.

Can't create 2nd local currency

I would like to add 2nd local currency of leading currency.
But the system show the error message as below.
The currency type for an additional local currency cannot be changed for company code , since documents were already posted in this company code.
What can I do that I can add 2nd local currency of leading currency?

Hi,
You cant change the the second local currency once you start the production entry in the system. i.e. if transaction data exist in the system it is not possible to change it.
If that is must for you then contact SAP for that. as it is required to updated the old document which are already posted in the system will 2 local currency
Regards
Shayam

Additional Local Currencies!

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