Company code currency vs local currency

Hi all,
Can anybody give me some suggestions on how to handle the requirement below?
Business case:
The legal company code is based in US and the company code currency is USD. There is a branch office(cost center) in China and the employees' salary has to be paid in Chinese RMB.(The pay check has to be in RMB) What is the solution for this? Do we have to create dummy company code with company code currency of RMB? We are trying reduce the usage of dummy company codes, any alternatives?
Thank you in advance.
Nancy

Hello Nancy,
not sure if this is what you are looking for but it may help:
You can set up "Group currency" concept to archive the requirement.
For the China branch, set up company code with local currency RMB, group
currency RMB. For US branch, set up company code with local currency
USD, group currency RMB.
Group currency has to be preset per client at trx.SCC4. Trx.OB22 is
to assign the group currency for company code.
With this approach, it is possible to do;
reporting in RMB for UK company code
reporting in USD for US company code
reporting in RMB (group currency) for both company codes
Please also refer to following link in Online help.
http://help.sap.com/erp2005_ehp_02/helpdata/en/
e5/0782c54acd11d182b90000e829fbfe/frameset.htm
Hope it helps,
Jon

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Local currency vs company code currency

Hi
Can company code currency is diff. from local currency ?
In 90 % cases co. code is always local ..
Thank you
Vedavatee

Exactly prakash, but is there a consequence by not using company code currency as the local if we want to produce reporting but with the hard currency ?
What is the difference between using "local" (used day to day) currency as company code currency and using it as hard currency ? Is there an issue to convert exchange rates to produce statutory reporting ?
I hope my question is clear.
Thanks a lot.

Company code currency balance not equal Group currency balance

Dear experts,
Some of our account balances are inconsistent bewteen the company code and the group amount. This company has the same currency in both the company code and group currrencies which are USD. The exchange quotation is also setup in OB08 with 1 in both dir / indir quote. Below is an example for a HKD expenses with a HKD AP account.
GL accounts setup with same currency as company code / group currency.
Exchange quotation setup in OB08 for HKD to USD is dir.qut. 7.8 and indir.quot 7.8.
After translation, the result supposed to be,
In Document currency, Dr expenses HKD780, Cr AP HKD780
In Local currency (company code currency), Dr expenses USD100, Cr AP USD100
In Group currency, Dr exepnses USD100, Cr AP USD100
However, the current result is,
In Document currency, Dr expenses HKD780, Cr AP HKD780
In Local currency (company code currency), Dr expenses USD100, Cr AP USD100
In Group currency, Dr exepnses USD110, Cr AP USD110
The amount in local and group currency should be the same supposedly as they are in the same currency.
Have anyone ever experienced the same situation?

Thanks all,
I have checked that both 1st local currency (company code currency) and 2nd local currency (group currency) are USD.
Our user also didn't change the group currency amount during data entry as there seems no way to alter the amount as it is greyed out.
Is there any other configuration or system flow that may be configured to post these 2 currency amount in a different way of translation?

Hungary VAT report in HUF - company code currency is EUR

Hi,
We have the below requirement from our client.
Company is incorporated in Switzerland and is having a plant in Hungary.
We have decided to have 2 company codes one with country key as CH(switzerland) and the other with country key as HU (Hungary).
The client wants to have the currency for the Hungary company code as EUR (Company code currency)
Requirement: VAT report generation in currency HUF for the Hungarian company code. While accounting should consider the European bank rates for converting foreign currency Invoices into EUR, the VAT report should consider the Hungarian Bank Rates for converting all Invoices into HUF. This conversion should be on daily rates for all the invoices.
There is an option to activate report generation in an Alternative currency (RFASLD15). However, the translation is made on a fixed translation date to be given in the report selection criteria.
Any suggestions to meet the requirement would be of great help to us.
Many Thanks
Hema

Hema,
Please activate hard currency(Local currency 3) as HUF, so that you can have transaction amounts in HUF also eventhough your company code currency is EUR.
Please check F.12 report for your VAT requirement.
Here you have to capture BSEG-DMBE3 value as per your requirement.
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Muarli. N

Company code currency change over

Dear all,
Want to know information about company code currency changes.
Our company code currency is SGD and now want to change to USD.
Our fiscal year is Jan-Dec and we are in SAP 5.0 version.
Can you let us know whether itu2019s possible to do the change?
If so, how and can we perform this activity in the middle of the year.
How to take care of the open items like PO,SO,Vendor ,Customer, which we have already posted in the system with our SGD currency.
And if not, do suggest and alternate/workaround.
Heard about, that this can be achieved with PARALLEL CURRENCY activation.
Not having much idea about Parallel Currency.
Do suggest.
Regards,

Hi,
A change of the company code currency is possible. The change is only possible as at year end (the actual running of the programms can be done mid-year provided certain customising has been done prior to the first posting in that year).
All items will get changed from old local currency to new local currency.
You can read the documentation in Spro > Cross-Application Components > EMU > Local Currency Changeover.
This is a very complex procedure so be sure to read all the documentatin first.
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Limit G/L Account to postings in Company Code currency

Hi,
In transaction code FSS0, it is possible to limit postings to specific currencies IF the chosen currency differ from the Company Code currency. Is it possible to limit postings to the Company Code currency only?
I am greatful for any help.
Thank you in advance...
Regards Naja

Hi ,
You can limit postings to the Company Code currency by activation the check box - In FSS0 Under control data Segement, Give your company code currency and activate the check box - only balance in local currency.
You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
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Goutam

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

Company Code Currency - In Slovakia

Hi,
I'm currently assign to an SAP implementation in Slovakia, and I was
thinking which is the best solution to the company code currency.
Slovakia will only be using Euro in January 2009, and as fare as I know they don't have yet a dual currency period during 2008.
So is it the best solution to start already with EUR as the company code currency, and SKK a secondary currency?
Thanks,
Rcardo

Hello
Use SKK as company code currency
Link SKK / EURO in all exchange rate settings.
Change CC currency in 2009 to EURO.
Check for OSS notes after changing in 2009
If you want to use EURO, then set SKK as parallel currency and maintain exchange settings. I think there is something called document currency.
How do you make local reporting. Check for audit issues.
Reg

Company code currency for debit and credit information

hi
i am uisng 0fi_ap_4
Debit amount in Company code currency
Credit amount in company code currency
Cash discount amount (Company Currency)
in above cases what fields i need to take form 0fi_ap_4 datasource?
company code currency means will be local currency?

Hi Reddy,
True the local currency means the company code currency, because the infoobject 0LOC_CURRCY is liked to the field
LCURR from the source T001-WAERS (T001 is company codes table).
And the related fields for the infoobjects are:
Infoobject                Description                                Field in Datasource          Source
0CREDIT_LC            Credit amount in local currency         DMHAB                            Calculated
0DEBIT_LC              Debit amount in local currency          DMSOL                            Calculated
0DSC_AMT_LC       Cash discount amount                      SKNTO                             BSIK- SKNTO
Regards.
Yacine.
Edited by: Yacine Bradai on May 5, 2010 3:12 AM
Edited by: Yacine Bradai on May 5, 2010 3:16 AM
Edited by: Yacine Bradai on May 5, 2010 3:17 AM
Edited by: Yacine Bradai on May 5, 2010 3:19 AM
Edited by: Yacine Bradai on May 5, 2010 3:19 AM

Company code currency in cost center accounting

Hi,
If I have 2 company codes with different local currencies (SEK and NOK) in a common controlling area with SEK. How do I get the amounts in cost center accounting in company code currency NOK? Is this possible? I can only see reporting currency, object currency and transaction currency.
Regards,
Agneta

Hi,
If your CO objects for company code with NOK are set to NOK as well, you can use object currency.
Regards,
Eli

Changing GL a/c currency, maintained in foreign currency, to Company Code currency

Hello Friends – We have got few GL Accounts maintained in foreign currencies and posting also made to these accounts. Now, for some reasons, we need to change their currency to Company Code currency.
We have referred SAP Notes – 146824 and they say that it is possible to change the currency to local currency.
My doubt is that when I change the currency, I should reclass the balance to zero, once done, and then reclass the balances back.
Or I can directly change the currency?
Can you pls advice.
Thanks

Hi
There is absolutely no problem in changing an account currency from foreign to local currency. This is because, when you have the account currency as local currency, transactions in any currency can be posted to the account including the foreign currency in which the account was previously maintained. You do not need to set/reset the account balance for this change. Please also look at the below links which are helpful:
Change Account Currency - Implications | SCN
http://books.google.co.in/books?id=WuhM4yEffEUC&pg=PA19&lpg=PA19&dq=changing+the+currency+of+a+G/L+account&source=bl&ots…
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Sowmya

S_ALR_87013336-Profit Ctr Group-Balance Sheet-In Company Code Currency

Does anybody know how to have SAP Transaction/Report S_ALR_87013336 output data in Company Code Currency? I have tried to run this transaction several ways but it is coming up in Controlling Currency (USD) and we would like the ouptut to be in Company Code Currency.
Thanks in advance for your review and advice.
Roman

The report is built on drill-down reporting tool and is defaulted to "Balance in profit centre local currency (i.e. controlling area currency)". It works with form and report.
Change the key figure from "Balance in profit centre local currency" to "Balance in company code currency"
KE85 Chang form. Select form 8A-PCA013G
Key figure on the right side > double click on the line item s > Element definition screen popped up - from there change the key figure from "Balance in profit centre local currency" to "Balance in company code currency"

Impacts of new company code currency

Hi Gurus,
We have a company code which is setup 2 months back. We have it setup with USD and this company code is assigend to a controlling area in one -one basis. So it should be fine . But now business want to change the CCode currency. All G/L and master data is created with USD. What would be the impacts if we change currency of master data also into new currency? We have no New-GL . We used special ldgers but just for a specific activity.
Any thoughts ?
Thanks,
GB

Hi GB,
If there is no transaction data posted in your company code then you can change the company code currency and in GL Mater data. But if transaction data is already been posted then its better to create new company code with new GL Master data and currency setting and upload transaction data posted in last two months.
Regards,
Santosh

Seeking Information on Company Code Currency in COPA

Greetings all,
I am working on a project to activate the company code currency flag in COPA (attributes under KEA0). I have activated the flag in a test system and as expected I now get two PA docs, a 10 and a B0. The oddity begins when I compare PA docs created from SD and FI. In my example I am creating documents in three different currencies; 1) transaction curr = SEK, 2) company curr = EUR, and 3) operating concern curr = USD. I am on ECC 6.0 EP 4.
If I create a PA from a billing document (record type F) then the data looks exactly as I expect it. The foreign currency key (FRWAE) is SEK. I can see the transaction currency is SEK with value fields in SEK, I can see the company currency is EUR with an exchange rate of SEK <-> EUR along with value fields in EUR, and I can see the operating concern currency is USD with an exchange rate of SEK <-> USD along with value fields in USD.
However, if I create a similar document with FB50 (record type B) the foreign currency key (FRWAE) is EUR instead of SEK and the exchange rate to USD is 1 (KURSF) instead of the actual exchange rate. I only get company currency and operating concern currency values. The values in the value fields are correct per currencies eventhough the fx rate is whacked. In FI the transaction currency is SEK but you would never know it in PA. The really bizarre thing is when I go to display the PA doc (I am branching from the FI doc) it behaves very odd. The default view is Op conc which is in USD. If I click the foreign curr button it displays USD. If I click the company code curr button it displays EUR. If I then go back to the foreign curr view it is now in EUR???
I am hoping someone can explain the difference between the two, or at least point me to a good resource. If there is a rational reason for this system behavior then I am hoping someone can suggest some way to manipulate the data.
Many thanks,
Chris

Hi,
CO-PA will only store values in either operating concern currency or company code currency(if active). For FI postings CO-PA fills the field foreign currency in the CO-PA line item with the currency with the currency of the company code. The reason for this is that the currency conversion for FI documents is that the currency conversion for FI documents is executed with the
company code currency and the field FRWAE is always filled with the currency that is used for conversion. This is designed in order to allow a reconciliation between FI and CO-PA. CO-PA uses company code currency as the base to convert to operating
concern currency for FI postings. The field FRWAE is not intended to reflect the transaction currency. It is just used to store the currency from which the conversion to the currency of the record is made.
In case of direct postings from FI/MM CO-PA takes over group currency directly if group and operating concern currency are identical. As group currency is translated in FI with exchange rate ( according the settings in transaction 'OB22' for company code) you'll find this exchange rate in CO-PA too. I have attached SAP Note 604936 to this ticket that describes the translation logic used in PA for postings from FI and MM.
The currency translation from SD however works differently as described in SAP Note 429517. In this case PA will not consider any values in group currency. Values in operating concern currency are either translated based on transaction or company code currency using exchange rate type 'M'.
Hope this will help.
Best regards, Takashi
Edited by: Takashi Kotani on Mar 6, 2010 2:24 AM

Conversion error in company code currency for general costs activity

PS Experts,
Please guide me in the following , The below message appeared when i created a customer project in CJ20N in our new DEV server
This is the scenario
Create customer project with 3 WBSE, each one has 3 NTW and 3 activities, i maintained the cost with currency same as project curr and company code currency in the first two act.
in the third activity (General act) in cost tab i put a currency is different than project currency& company code currency and tried to save the project, the message appears.
note: Company code curr same as projet curr & controlling area curr
Is there any setting is missing in customizing
Conversion error in company code currency for general costs activity 0010
Message no. CK443
Diagnosis
For cost activity 0010, a conversion error occurred in the currency of the company code to which the material is assigned.
Procedure
Check the global settings in Customizing to be sure the exchange rate for conversion into the company code currency is correct
Thanks

Hi Yassin,
I believe you have maintained exchange rates for rate type M as per your config in OPSB.
Now do one thing, maintain the conversion rate for P for those currencies in OB08 and then save your project.
This will solve your problem.
Regards,
Kabir

Company code currency vs local currency

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