Company code currency is different to the FM area currency

Sir,
There is 2 companis one in India and one in USA as such the currency diffence is coming and the error comes as :-
company code currency is different to the FM area currency
Please resolve
Also Not able to do the Cost Centre budget upload in KP06

Hi,
if both company codes have to be assigned to the same FM Area (which I guess is your scenario), you should define at company code level at least one currency matching the one defined in the FM Area.
Check the online help:
[http://help.sap.com/saphelp_erp60_sp/helpdata/en/f0/ca5716260211d28a430000e829fbbd/frameset.htm]
Within 'Master data -> Enterprise Structure - Organizational Units  ->Organizational Structures - Assignments  ':
The FM area is derived from the Financial Accounting organizational unit, the Company Code by assigning the company code relevant for Funds Management in your organization to an FM area. One or more company codes can be assigned to an FM area.
With this assignment, you must note that the currency of each company code assigned to the FM area must match the FM area currency.
If the 1 local currency (currency 10 = company code currency) of all company codes assigned to an FM area does not match the FM area currency, you must manage an additional local currency in these company codes.  The additional local currencies must have the same currency type and the same currency as the FM area currency.
You define the additional local currencies in the Customizing of Financial Accounting in IMG activity Define Additional Local Currencies and of Funds Management Government in IMG activity Make Other Settings.
hope this helps
Regards
Mar

Similar Messages

  • A/P F110 Payment via company code in a different country

    The client is a service organization where the Vendor data is managed in the US company code (US01) and the Customer data in managed in a Swiss company code (CH02). Many of the customers could also provide services and the invoices are posted to vendor accounts in the US01 company code.
    In the case where the vendor amount exceeds the customer amount, the customer/vendor has agreed that the client will pay the net amount and clear the net to the customer account.
    Clearing between the customer and vendor in company codes in the same country and with the bank account managed in the same country works as expected.
    The CH02 company code does not have a bank account of its own and therefore cannot make its own payments.
    The problem that we encounter is that I cannot define (for F110 configuration) sending and paying company codes where the country assigned are different, e.g.;
       - Sending company code: CH02
       - Paying Company code:  US01
    When this is entered into the IMG configuration for "Automatic payments > Set Up All Company Codes for Payment Transactions" the error "Company code US90 is not permitted as the paying company code" (error code F3063) is issued. The detailed error description is:
    "The paying company code and the company code on whose behalf the payment is being made must be in the same country, have the same local currency, and display the same currencies managed in parallel. The setting regarding extended withholding tax functions (active or not active) must also be identical for both company codes."
    The initial design was to have the A/P and A/R in the CH02 company code but the payment via the US01 company code would not work. Having the vendor only in the US01 company code is a solution to this using an inter-company invoice posting. Using a work-around to clear the customer balance to the vendor account is not acceptable to the client.
    The easy way out of this is to assign the CH02 company code to country code 'US', but this is not correct.
    Is there a solution to making payments from company code US01 (as the paying company code) but including the customer items from a foreign company in the payment?

    Hi Martin,
    Welcome SDN!!!
    The standard SAP doesnot provide payment via company code in a  different country.If you still feel that it is fit case,please contact SAP.SAP may consider this a special requirement and may cover your case under SAP Note 357732.(pls have a look once).
    Thanks
    Aravind

  • New company code configuaration is added for the existing company

    Hi Guru's
    New Company Code is to configure for the existing company. Already we 20 company codes.
    Now Business users want new code for the country australia.
    Please let me know what are the steps to configure the new company code.
    I appreciate your help and coperation.
    Regards
    Jenny

    Hi jenneyc,
    1.1 Define and Assign Company Code     
    1.1.3 Assign Company Code to Controlling Area
    1.1.4 Create new plant     
    1.1.5 Define and Assign Sales Organization     
    1.1.5.1 Copy Sales Organization     
    1.1.5.2 Change name and address of Sales Organization
    1.1.5.3 Assign Sales Organization to Company Code
    1.1.5.4 Assign Sales Organization ‑ Distribution Channel ‑ to Plant
    1.1.6 Delete Purchasing Organization assignment to Company Code
    1.1.7 Define Variants for Open Posting Periods
    1.1.8 Open and Close Posting Periods
    1.1.9 Assign Posting Period Variants to Company Code
    1.1.10 Create Number Ranges for document posting for company code
    1.1.11 Asset Accounting - Specify Number Assignment Across Company Codes      
    1.1.12 Creation of House Bank and Bank accounts
    1.1.12.1 Define House Banks
    1.1.12.2 Define Lockboxes for House Banks     
    1.1.12.3 Define Posting Data
    1.1.12.4 Set Up Payment Methods per Company Code for Payment Transactions
    1.1.12.5 Set Up Bank Determination for Payment Transactions
    1.1.12.6 Create Check Lots
    1.1.12.7 Create Program Variants for RFFOUS_C     
    Along with above we need to do LSMW for GL a/c company code data have to upload, and foreign currency Configuration require...!
    I hope this info will helpful to you..!
    Rds,
    ANil

  • Company code dates period to accept the current postings

    Hello experts,
    What should be the company code dates period to accept the current postings?
    I am trying to post stock in the company code for the current period.I have changed the period date for company code to 01/2008.But Its not accepting the current postings.
    Please advise.

    Hi
    Check the current postings period MMRV and make sure you have the current posting period in it.Please check your fiscal year start and end dates.For example April to March07 then the current period should be
    11-2007.
    This could answer your question.

  • AuC requires an area in the controlling area currency EUR

    Hi,
    In our new business scenario we have one country in Europe which uses currency EUR and another country is Morocco which uses currency MAD. We have concept of Alternative Chart of Accounts for Morocco statutory requirement and primary chart of accounts is Spain. There is a one controlling area and two different company codes for two different countries. In Controlling area our configuration is Currency Type - 20(Controlling Area Currency), tick the check box of Diff.company code currency and curency is EUR. While I am creating Internal Order for CWIP asset of Spain where currency is EUR I am not getting problem of crating CWIP asset through KO01.
    While I am creating Internal Order for CWIP asset of Morocco where currency is MAD I am getting problem of creating CWIP asset through KO01. Error shows as :
    AuC requires an area in the controlling area currency EUR
    Message no. AY310
    Diagnosis
    The controlling area currency EUR is not managed in any of the areas of the asset under construction that is to be created. However, this currency is required for the capital investment measure.
    System Response
    Error message: Creating the AuC or releasing the order/ WBS element is not possible; or changing the asset under construction is not possible.
    Procedure
    Check if you manage the controlling area currency in one of the depreciation areas in Asset Accounting, especially in asset class M999. If you do not, then define such a depreciation area. Make sure that this depreciation is active in asset class M999.
    You can save the order / WBS element if you remove the investment profile that was entered.
    u2022     If you are in the 'Change asset' transaction, check if you have deactivated a depreciation area that manages controlling area currency EUR. Re-activate this depreciation area.
    What will be the probable solutions ?
    Best Regards,
    Samrat Roy

    HI Samrat Roy
    Is it your Chart of Accounts & Fiscal Year is the same for both Company Codes?
    Is your Chart of Deprecaition is same for both company code?
    And finaly Maintain 2 Deprecaition areas for 2 different types of Currency. 
    Let me kown furhter proces
    Regards

  • I loaded a lot of music from my CDs on to my iMac at home.  All my music is stored on the cloud.  So why is the music on my MacBook Pro different.  The CDs are missing from this list.

    I loaded a lot of music from my CDs on to my iMac at home.  All my music is stored on the cloud.  So why is the music on my MacBook Pro different.  The CDs are missing from this list. The iTunes account details I use on both computers is the same.

    Hi Chris,
    Thanks for the reply.
    I think you ave sorted my problem with your question.  I thought that as my iTunes account was on their server (Cloud) and I had previously added CDs which showed up, that all my music was "on the cloud".  I used to use Match but when I turned it off lost all my music that I had previously loaded onto my computer.
    So I guess I have to use the cloud again to access my songs.  This is frustrating as I fly a lot and can not use the music (Cloud based) when the phone is in flight mode as there is no internet.
    So how then do I retrieve all my music to my iMac and have my laptop synced so they are the same?
    I am totally confused now.

  • AuC requires an area in the controlling area currency USD

    Hi,
    when i posting AUC through Internal Order i am getting error "AuC requires an area in the controlling area currency USD message no.AY310"
    Diagnosis
    The controlling area currency USD is not managed in any of the areas of the asset under construction that is to be created. However, this currency is required for the capital investment measure.
    System Response
    Error message: Creating the AuC or releasing the order/ WBS element is not possible; or changing the asset under construction is not possible.
    Procedure
    Check if you manage the controlling area currency in one of the depreciation areas in Asset Accounting, especially in asset class 1200. If you do not, then define such a depreciation area.  Make sure that this depreciation is active in asset class 1200.
    You can save the order / WBS element if you remove the investment profile that was entered.
    If you are in the 'Change asset' transaction, check if you have deactivated a depreciation area that manages controlling area currency USD.  Re-activate this depreciation area.
    Please help me in this issue.
    Regards,
    Venkat.

    Hi Venkat,
    I think you need to maintain depreciation area for the controlling area currency USD for atleast the asset class (i.e.1200)..Then the problem will be solved.
    In the error text only, SAP has given clear cut procedure.
    Sateesh

  • 5 company codes have 5 different fisical year

    Dear Fi experts,
    I have 5 company codes and one controlling area. 5 company codes are different fiscal variants.
    How to assign the 5 company codes to my controlling area and it is possible in std sap, if it is possible how we will do.
    My fisical year is year independent, i mean jan have 30 days feb have 23 day,march having 35 days and april having 40 days for example.
    How it will configure in std sap, Kindly tell me the process.
    Regards
    Venkaatswamy

    Hi
    in my knowledge if the fiscal year variants are different then its not possible to maintain one controlling area for all 5 company codes.
    2.  if you are maintain the year dependents fiscal year.  then maintain the number of dates in OB29.  
    MONTH DAY PERIOD YEARSHIF
    here you can maintain the month number of dates and period. if any year shift also.
    hope this will help you.
    Regards
    ram
    Edited by: Ram Babu Yeminedi on Oct 16, 2009 2:56 PM

  • "Company code  is not permitted as the paying company code while FRFT

    Hi Experts,
    I am trying to post cross company fund transfers via FRFT -> F111. In my scenario, CC1 is sending amount to CC2 via a virtual payment method. I have done basic company code set up and also customizations in FBZP for payment method and F8BJ/F8BF for incoming/outgoing transactions. I have also done OBYA setting for cross company clearing account
    During FRFT payment request i get this error: "Company code CC1 is not permitted as the paying company code".
    Did you ever experience this? If so, how can i fix this?
    Thanks in advance.

    Dear subumax
    1.Please check once again in both company codes for FBZP. were you maintained in All Company codes in FBZP - Select your company code and check- were you maintained Paying company code.
    2.Pleasecheck in under Paying Company codes - were you maintained the paying company code CC1 or not
    3Please check in under Payment methods in comapny code were you maintained your paying company code code CC1 details or not 
    Regards
    Shankar

  • Company Codes list not seen in the user's shop screen

    Hi Gurus,
    I am working on SRM5.0 server with backend as R/3 4.7C.
    My problem is that I have configured the relevant organization settings for the user with the relevant attribute for company code. But, the system doesnot show me the company code in the dropdown list when I shop.
    Also, the location is defined in the extended attributes for the user. I can see the location with the attached company code when I search for values for the location field. But, when I select the location from the search result, no value is seen on getting back to the main shop screen.
    Can anyone tell me what is the reason for this issue?
    Points will be awarded for sure.
    Thanks n Regards,
    Ancy

    Hi Ricardo,
    Thanks for the reply.
    But, the settings are already done for this config node. Since we have two backend systems with same product category ids, the node reads like this:
    Prod Category       Source Sys       Target Sys
                                Backend1          Backend1
                                Backend2          Backend2
    Is this the cause of the problem?
    Regards,
    Ancy

  • Company code  is not assigned to an FM area in J1IIN

    Hi Experts,
    while posting Excise Invoice in J1IIN am getting the Error " Company code XXXX is not assigned to an FM area "
    We are not using FM and its not activated. Please suggest
    Regards
    Ramesh

    Hi rameshravi,
    Please check the below link you will get some solution
    Funds managment  -  Not able to assign the FM area to the comapny code
    Let me know if your problem is solved
    Regards
    Pradeep

  • Controlling area currency - urgent

    Hi,
    In a project we are using Controlling Area Currency as INR. As our group company is europe based they want us to change to EUR. We are also using PCA where currency is INR. I want to know the pros and cons of changing the same to EUR from INR.
    Bye,
    Ramesh

    Hello
    Check this if it could help you
    When you create a controlling area, you specify whether the controlling area currency may differ from the company code currency, and which particular currency is to be the controlling area currency.
    You can use the company code currency or the currency of a different organizational unit recorded as a parallel currency in the company code. You can also use a separate controlling area currency not dependent on the company code currency.
    Cross-company code cost accounting can therefore be performed for company codes that use values recorded in different currencies. SAP recommends that you specify a consistent parallel currency for the company codes, and use this as the controlling area currency. In this case, postings in Controlling are made that are relevant for Accounting.
    The following currencies are valid in Controlling:
    · Controlling area currency
    The system uses this currency for cost accounting. This currency is set up when you create the controlling area. It is based on the assignment control indicator and the currency type.
    (see:  Specifying Controlling Area Currency )
    · Object currency
    Each object in Controlling, such as cost center or internal order, may use a separate currency specified in its master data. When you create an object in CO, the SAP system defaults the currency of the company code to which the object is assigned as the object currency. You can specify a different object currency only if the controlling area currency is the same as the company code currency. There is an object currency for the sender as well as one for the receiver.
    · Transaction currency
    Documents in Controlling are posted in the transaction currency. The transaction currency can differ from the controlling area currency and the object currency. The system automatically converts the values to the controlling area currency at the exchange rate specified.
    The system always translates actual data with the average rate (exchange rate type M).
    You store the exchange rate type for each currency. You can specify a different exchange rate type for planning data in the version.
    All three currencies are saved in the totals records and the line items. This enables you to use the different currencies for evaluations in the information system. This is only possible if you specified that all currencies should be updated for the given controlling area (see: Maintain Controlling Area).
    The transaction currency is USD, the controlling area currency is EUR, and the object currency is SFR (Swiss francs). The system converts the amounts as follows:
    1.) From transaction currency to controlling area currency (USD ® EUR)
    2.) From controlling area currency to object currency (EUR ® SFR)
    The following additional currencies may also appear as controlling area currencies in Controlling if you use cross-company code cost controlling:
    Local Currency:
    Company code currency (country currency) used for local ledgers in external accounting.
    For each company code you can specify one or two parallel currencies (= second and third local currencies) which are stored in the documents and updated parallel to the local currency in the general ledger.
    Group Currency:
    Currency in which the group balance sheet is displayed.
    You can specify it as a parallel currency (additional local currency) for a company code.
    Hard Currency:
    Secondary currency for countries with high inflation. You can specify it as a parallel currency (additional local currency) for a company code. You need to specify the hard currency in the detail screen for the corresponding country.
    Index-Based Currency:
    Country-specific, fictitious currency stipulated in certain countries with high inflation for tax returns. You can specify it as a parallel currency (additional local currency) for a company code. You need to specify the index-based currency in the detail screen for the corresponding country.
    Global Company Currency:
    Currency used in a corporate group. In the CO application component you can create companies to represent divisions, regions, or product groups.
    You can specify it as a parallel currency (additional local currency) for a company code. You need to store the global company currency in the detail screen for the corresponding company.
    For more information on defining parallel currencies, see Customizing under Financial Accounting ® FI Global Settings ® Company Code ® Parallel Currencies ® Defining additional local currencies.
    Reg
    *Assign points if helpful

  • Cross company codes CO area

    Hi,
    What are the pre-requisites to be taken care seriously for a setup where more than one company codes will be assigned to a single controlling area (business in europe and India). The assigned company codes will have different currency and different fiscal varinat. One company code in europe so it has Jan to dec month in fiscal year with 12 posting periods. Other one (Indian business) has Apr- march (next year) in fiscal year variant with 13 posting period.
    Thanks
    Dinabandhu

    Hi
    In addition to the points highlighted above, I would like to highlight a few points/gaps
    1. Asset closing is linked to Leading Ledger only.. You wont be able to perform any closing for the parallel ledger
    2. If you plan to do LTP, you will face challenges... At one time, you can do LTP for one company code only... OMIK settings dont allow multiple company codes as the option.. I have also raised a development request with SAP a couple of years ago for this
    3. With regards to planning in CO module - If you choose single controlling area, One of your companies will have to adopt the planning period as per the other company i.e. Either the Indian company will have to adopt Jan-Dec as planning period OR the European company will have to adopt Apr-Mar...Because, Planning in CO happens purely at the controlling area level
    4. Period control in CO is also at Controlling area level and not company code..
    5. If controlling area currency and comp code currency is different, you face challenges in using IM module as well... I dont recollect this very strongly, as I faced this problem a long time back
    My personal choice is to have a separate controlling area when your geographies are different and fiscal year is different...Though the new functionalities of New GL and Parallel ledger are popularized enough, but one needs to look at the flip side of the same as well
    Having separare controlling area gives you the flexibility and I dont see any drawbacks of it... You can very well draw the reports together because all report painter/BW reports allow you to customize the reports as you wish
    Regards
    Ajay M

  • WBS for two company codes

    Dear Experts,
    This requirement is for an IT service project.
    The process is - I have two company codes Comp code 1 & Comp code 2, In which Project is created in company code 1. Employees are assigned to project to onsite & offshore from company code 2. This means the employees are created in the company code 2. But working for the project in Comp.code 1. Comp code 2 get revenue thru intercompany billing based on number of hours/days the employee worked in the project created by the com. code 1. The employee books the timesheet in comp code 1 against the project id.
    To acheive this
    1)  i need to maintain same project for two company codes?
    2) Or same project, one wbs for one company code & other wbs for another company code?
    Will the above two possible to work in SAP? or
    anyother we i can workaround this
    Please advise
    Regards,
    Deepu Pillai

    Hi,
    This is possible through Resouce Related billing in PS.
    For e.g. Consider business scenario, where we have created T-10006 as a customer project.
    Now this project is mapped using a work breakdown structure that contains activities.
    The activities define the flow of the project and form a quantity structure for determining costs and payment data automatically.
    The project cost plan is used to create quotations.
    When the sales order is received, it is assigned to the project. This means that it can be used to plan revenue and then post this revenue.
    Actual costs are entered when activities are confirmed, components are purchased and when invoices are assigned. Actual revenue is posted to the project by means of milestone billing.
    Two companies are responsible for executing project T-10006.
    Company 'A' is mapped using company code 1000 and performs all services except for those planned in WBS element T-10006.1.2.
    Comapny 'B' is mapped using company code 2000 and performs some of the engineering services. (WBS element T-10006.1.2).
    Here Comapny 'B'  bills its services to Company 'A' on a resource-related basis.
    A results analysis is carried out for the billing elements T-10006 und T-10006.1.2 in the project.
    The results analysis values are settled to the profitability segment.
    Regards
    Tushar

  • Payroll Areas/ Personnel Areas / Company Codes

    Hello Experts,
    I would like to know how to link a Payroll Area to a Personnel Area (Or a Company Code) as I have created the Payroll Areas, and the Companies, but still I can't link them to each other (Or is it linked to Employee Groups)
    I really have no idea about that !!
    Thanks in advance

    Hi ,
    Check the ABKRS feature
    T CODE - PE03
    Feature - ABKRS
    Here u can maintain the bydefault Payroll Area as per the Company Code , Employee Group , Employee Subgroup , Country Grouping , Transaction Class for Data Retention
    Regards,
    Mahesh

Maybe you are looking for