Define Multiple currencies

Dear Experts,
I have a requirement where I need to get the financial statement in 3 currencies.
Now I have gone to T code OB22 but the problem is in OB22 T code first i need to define group currency and assign. Could you please help on how to define currency?
Regards
Paul

Hi Paul,
Go to OY01
Select you rcountry key and double click on it.
in that mention your hard currency key and index based currency keys.
then go to ob22
Give currencies for 2nd and 3rd local currencies.
Here you need to give 40 in the 2nd local currency and 50 for the 3rd local currency.
Exch Rate type: M
Source Curency : 1
Type of transalation: 2
SAVE
Hope this will helps u.
Thanks,
Srinu

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Hi Salman,
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The scenario that I have is for oil products from Shell oil. I have created an item for each product but can only set up the price in GBP on the item record purchasing tab. However the price is in different currencies eg USD and EUR depending upon which supplier site / delivery point is required.

Hi CrashOverRide,
In our practice regarding multi-currency consolidation:
1. We define the local currency of each small enterprise.
2. Set up a currency conversion rules.
3. Create a group currency where you will define what currency each of the small enterprise will be consolidated to.
4. Set up the consolidation business rules.
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Multiple currencies? Multiple languages?

hi,
Does SAP handle multiple currencies? Multiple languages? What is a currency factoring technique?
Thank you
Ashok kumar

HI,
Yes.
SAP handles Multiple Currencies and Languages
see the table TCURR, TCURC for different currencies
Currency Factoring Technique:
Currencies in Planning
In Profit Center Accounting, three currencies can be stored at once:
Transaction Currency
The transaction currency is the currency used for a specific transaction. You can choose a different currency from the list of valid currencies for each new transaction. The transaction currency is stored in the transaction data for Profit Center Accounting as the so-called "first currency".
Local Currency (Company Code Currency)
The controlling area currency is stored in Profit Center Accounting as the second currency.
Profit Center Local Currency
You need to set a special currency for Profit Center Accounting in Customizing for each controlling area. This currency is used in the standard reports, among other things. You can find more information about this currency in Customizing. The profit center currency is the third currency updated in the transaction data.
How Do I Plan Currencies in Profit Center Accounting?
You first plan a profit center in USD. Then you later plan the same profit center in DEM in a second planning session. This may be necessary if:
the planned costs for the profit center in a certain cost element consist of external invoices in the local currency and external invoices from abroad and
the external invoice from abroad was billed and paid abroad
The currencies which can be planned manually are defined in the Layout.
If the corresponding key figures are defined and ready for input in the planning layout, you can plan in any permissible transaction currency, the company code currency or the profit center currency. The planned amount is then immediately and automatically translated into the other currencies. Note, however, that the system can only translate into a transaction currency if you have explicitly specified a transaction currency.
If you want to want to plan data using different transaction currencies, you need to use a planning layout that contains the characteristic "Transaction currency".
Note that data can only be saved in the transaction currency if a transaction currency has been specified. Otherwise the data will only be saved in the other currencies without the transaction currency.
If you want to want to summarize data in the transaction currency, you need to use a planning layout that does not contain the characteristic "Transaction currency". You can then:
change the summarized values, in which case the changes are not updated in the transaction currency, and
add any combinations of objects that have not already been planned.
If you
enter one transaction currency, the system only displays the amounts planned in that currency. You can
change these amounts
plan in the currency specified
enter a number sign (#) to represent the value " " (no value), the system only displays those values that were planned without the transaction currency. You can
change these amounts
plan amounts without a transaction currency
specify more than one currency or all currencies (*), the system displays all the planned values. You can
change these amounts
can plan as yet unplanned combinations of your planning objects in any valid currency.
Planned currency amounts are translated using
the value date you entered in the planner profile for your area
a translation factor entered in the currency table for the exchange rate type entered in the planner profile
You will find further information about the currency table and currency translation in the documentation FI Configuration and Organization.
Transfer Pricing Using the Conditions Technique
The term "transfer pricing" is used to describe the calculation of prices for internal exchanges of goods between profit centers. Conditions are the individual steps carried out during price calculation. When a goods movement takes place between two plants, the price can depend on a number of factors, such as the material involved, the sender plant, the profit center, the partner profit center, and so on. The information on these variable factors is stored as master data in the form of condition records. There the transfer price can be defined as a fixed price or a percentage increase or reduction.
This section describes the steps necessary to define transfer prices. You define these transfer prices in Customizing. There you will also find a detailed description of how to proceed.
Define condition tables, which you use to store condition records for each condition type.
Here you define the price dependencies for transfer prices. You can make the transfer price found dependent upon a combination of fields. For example, if you want your transfer prices to be defined for a combination of material and partner profit center, you need to define a condition table that contains these key fields. The condition records then contain the individual prices for each combination of material and profit center. You maintain the condition records when you define the individual condition types.
Define access sequences that the system should use to search for valid condition records.
An access sequence is a search strategy that the system uses to find valid data for certain condition tables. Each access sequence consists of one or more steps, which the system processes in the order specified. The order determines where the system should look first for a valid condition record. You can specify an access sequence for any condition type for which you create condition records.
Define condition types for all the pricing elements (fixed amounts, markups and markdowns) that occur in your daily business operations.
In Profit Center Accounting, a condition type represents a component of a transfer price. You can define condition types for every type of fixed price, markup or markdown that occurs in your internal goods movements. If you define a percentage markup or markdown as a condition type, you also need to define another condition type to serve as the basis for this percentage. This can be a price stored in the material ledger. The relationship between these two condition types is then defined in the pricing procedure.
In some condition types you need to specify an access sequence. In this way you determine which fields the system should use to search for a valid condition record.
Define condition records that determine the amount or percentage to be applied for each set of values in the condition table (such as "fixed price of USD 100.00 for material 01, profit center ABC, and plant 0001").
You can maintain condition records directly from within the definition of the condition type. Or you can define them from the application menu by choosing Master data ® Transfer prices ® Conditions. It is also possible to copy existing condition records to create new ones. This is especially useful if you want to change the currency of the condition record. You can maintain condition records either in Customizing or in the application menu, under Master data ® Transfer prices.
Define a pricing procedure to group together condition types and determine how they relate to one another.
In addition to the selection and order of condition types, a pricing procedure determines
which subtotals should be calculated
what base value the system should use for calculating percentage markups or markdowns
what conditions must be met in order for a certain condition type to be calculated
The base value for markups and markdowns can be either a fixed price or a value from the material ledger. Using a routine supplied in the standard R/3 System, you can have the system read the legal, group, or profit center price from the material ledger and calculate the markup or markdown on this basis.
Define condition exclusions, which let you determine which condition type should be used in a given situation.
In transfer pricing for goods movements, it often happens that a number of different condition records are valid. Using condition exclusions, you can compare conditions with one another and use, for example, the most favorable price for the partner profit center.
For different condition exclusion methods are available:
· The most favorable condition in an exclusion group
· The most favorable condition record for a condition type
· The most favorable condition among different exclusion groups
· Exclusion of those conditions in an exclusion group when a condition type that belongs to another exclusion group appears
Define transfer price variants, which let you specify which pricing procedures are relevant for actual data and which for plan data.
To valuate different datasets, such as plan and actual data, using different conditions, you can define variants with an assignment to a specific pricing procedure. The system processes the specified procedures in order until it finds a valid transfer price.
In transfer pricing for goods movements, only actual data is valuated (variant 000). However, you can also create additional variants if you want to calculate plan prices on the basis of pricing data.
Define pricing reports, which determine the structure of lists of conditions.
A pricing report lets you analyze condition records according to certain criteria and define the structure of these lists. You can define pricing reports either in Customizing for Profit Center Accounting or in the application menu, under Master data ® Transfer prices ® Pricing reports.
Regards,
Padmam.

Multiple currency planning and budgeting?

Hi all
We are having a requirement of planning and budgeting in same WBS with multiple currencies and also seeing reports in different currencies on single screen.
Now has anybody explored this area and has anything to suggest.
Thanks in anticipation
Raman

Hi Raman
The following is the literature from SAP on the subject. You may find it useful.
Planning and Budgeting in Any Currency
Use
International groups often use one uniform company code currency (group currency) in CO. However, it may be necessary to plan and budget in the respective local currency as the majority of costs will be incurred in the local currency. The local currency is usually the corresponding company code currency.
Previously only budgeting of jobs (orders and projects) was possible in the local currency.
From Release 4.70, you can also budget investement programs in the local currency. In addition, it is possible to plan investment programs, appropriation requests and jobs directly in the local currency.
As was previously the case for orders and projects, plan and budget values for investment programs and appropriation requests are also saved in both the controlling area and local currencies defined in the master record of each object. If you change or re-specify the exchanged rates used, it is now possible to recalculate the values in the local currency using the values in the controlling area currency, and vice-versa.
In reporting for IM, it is even possible to calculate evaluations in any report currency (plan, budget and assigned values). If the values are available in the specified report currency, they are issued unchanged. If they are not available, they are converted from the controlling area currency into the report currency.
Effects on Existing Data
Before Release 4.70, the plan values for appropriation requirements, were only saved in the controlling area currency. This was also the case if a local object currency was specified in the master record for the appropriation requirement. From Release 4.70, the plan values for appropriation requirements are always saved in the controlling area and local currencies. Therefore, you must adjust appropriation requests that were created in an earlier release and use a local currency that varies from the local object currency. The easiest way to do this is to use the program RAIMCRC2 to recalculate the plan values in the local object currency for appropriation requests whose plan values are in the controlling area currency (transaction IMCRC2, menu path: Financial Accounting -> Investment Management -> Appropriation Requests -> Tools -> Recalculate Currency Plan for Appropriation Requests). Before you run the program, select the relevant option in the Process Control section of the initial screen.
Effects on Customizing
Adjustment of Planning and Budget Profiles
To enable the planning of investment programs, appropriation requests and jobs in a transaction currency different to the controlling area currency, you must adjust the relevant planning profiles.
To enable the budgeting of investment programs in a transaction currency different to the controlling area currency, you must adjust the relevant budget profiles.
In the planning currency (or budgeting currency) section of the planning (or budget) profile, you must define the transaction currency in which planning (or budgeting) is to be executed:
Only in the controlling area currency (default),
Only in the object currency
(= local currency defined in object master record ) or
In a transaction currency chosen at the start of planning/budgeting
(this option is not possible for appropriation requests).
In the planning or budget profiles, you must also define the exchange rate types to be used for the conversion of total values that are not dependent on the fiscal year.
To adjust the planning profiles, use the process steps:
Maintain Planning Profiles (investment programs)
Maintain Planning Profile for Cost Planning (appropiation requests)
To adjust the budgeting profiles, use the process steps:
Define Budget Profiles for Investment Programs (investment programs)
Exchange Rate Types
In the fiscal-year-dependent data of the CO planning versions, you must also define the exchange rate types to be used for conversion of plan values that are not dependent on the fiscal year.
For conversion of fiscal-year-dependent budget values and fiscal-year-dependent plan values of appropriation request variants not yet assigned to a plan version, each exchange rate type is taken from the fiscal-year-dependent data of the CO planning versions 0.
As the plan or budget values are stored in the transaction, controlling area, and local currencies, the exchange rates used must enable the conversion of the transaction currency into the controlling area and local currencies. Where necessary, the exchange rates used must be extended.
To enter the exchange rate types, use the process step:
Define Versions (investment programs)
Change Planning or Budget Currency
If you always planned or budgeted existing investment programs/measures in the controlling area currency, it is not subsequently possible to change the planning or budget currency to the object currency in the planning or budget profiles. This conversion is not prevented in Customizing, but leads to an error when you next plan or budget existing investment programs/measures. Alternatively, you can convert the planning or budget currency into the transaction currency in the planning or budget profiles, and set the object currency indicator as default.
A similar restriction does not exist for appropriation requests. You can change the planning currency in the planning profile at any time.
Use the process step under "Adjust the Planning and Budgeting Profiles".
Detailed Planning
When you call up detailed planning from structure-based cost planning or revenue planning, the standard SAP planning profiles are used, to which the standard SAP planning layouts are assigned. These planning profiles cannot be changed in the planning transactions. Import the standard SAP planning layouts 1-401-IM, 1-402-IM, 1-403-IM, 1-701-IM, 1-702-IM and 1-703-IM using the transaction OKBF from client 000 in your client.
To execute the import, choose the process step:
Import Standard Planning Layouts.
Reporting Currency for IM Reporting
In IM reporting, if you want to be able to specify a reporting currency that is different to the controlling area and object currencies used in the investment program items or subordinate appropriation requests and measures, another exchange rate type is required for the due conversion of plan, budget, or values into the reporting currency. You define this exchange rate type in Customizing for the program type for the investment program to be reported ( Group Reporting).
To enter additional reporting currencies, use the process step:
Define Program Types (investment programs)
you may also refer the following link in SAP help on the subject
[http://help.sap.com/saphelp_47x200/helpdata/en/86/98853478616434e10000009b38f83b/frameset.htm]
Venu

MHKIM:(AR)BANK ACCOUNT의 'MULTIPLE CURRENCY PAYMENTS','MULTIPLE CURRENCY

QUESTION
==========
Bank Account 조회후, 'Receivables Options' tab의 'Multiple Currency Receipts'와
'Payables Options' tab의 'Multiple Currency Payments'를 수정시,
수정이 되는 계좌가 있고,
수정이 안되는 계좌가 있습니다.(FRM-40200, Field is protected against update)
수정이 되는 경우와 안되는 경우의 차이는 무엇이며,
수정이 안되는 경우 Menu->Help->Diagrnostics->Examin->'MULTI_CURRENCY_FLAG'와 'NBT_RECEIPT_MULTI_CURRENCY_FLA'을 창에서 수정후 저장하면 저장이 되는데, 이렇게 변경을 해도 되는 것인지요?
ANSWER
=========
Oracle Payables User Guide 2 – 150 에 아래와 같은 내용이 나와 있습니다.
Multiple Currency Payments :
Enable this option if you want to use
this bank account to pay invoices entered in multiple currencies. You
can select this option only if the Use Multiple Currencies Payables
option is enabled and if the bank account is in your functional currency.
즉, "Use Multiple Currencies" setup이 enable되어 있고,
해당 Bank Account의 Currency가 Functional currency 일 경우에 Enable이
가능하다라는 내용입니다.
다시 정리하면,
해당 Bank Account의 Currency가 Functional Currency(예를들어, "KRW")가
아닌 다른 나라의 Currency ("JPY")인 경우에는 해당 Multiple Currency
Payments 기능을 사용하실 수 없습니다.

Hi Salman,
Have you tried this from Element Define window. There is functionality for Input and Output currency.
Hope it could meet your requirement.
Thanks
AshokP

The account has been changed from only local currency to multiple currency.

hI,
The customer has an Account "X" which is a balance sheet account. and not a reconciliation account.
this account has been changed on November 11, 2008, from only local currency to multiple currency.
Local currency is ZAR, and document currency is EUR.
i.e, the check box 'only balance in local balance' has been unchecked from 11 Nov, 2008.
so, when i see the balance of this account in FS10N.
the balances in currency ZAR and EUR is different.
because the balance which is in EUR is only for months 11 and 12.
so, questions are...
1) can we make it same balance in both the currencies by posting a document only in EUR?
2) how to clear it?
Regards,
Swetha

The balance in the currency (EUR) depends upon the currency exchange rates you have defined in the system. When you post a document in another currency, the exchange rate mentioned for the currency pairs (ZAR & EUR for example) is applied and the balance is written in your local currency. If you want that the balances in difference currencies are the same, then the exchange rates should be the same for all relevant pairs of currencies.

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Hi Friends,
In the PO, the vendor is from Japan, so the document currency is in Japan. But the freight condition currency is in MYR which we dont want to convert into JPY. Here the system converts all the condition type currencies into document corrency i.e. JPY in this case. After Goods Receipt, when I see the FI document in MIGO T-Code, all the posting
comes in JPY and when i change the postings into local currency i.e. into MYR, there is a difference of RM0.02(2 sens) in the posting. As the freight condition value is in MYR, we dont want system to change it to JPY as freight charge not relevant for PO printout. Because os the conversion factor, a podting having difference of 2 sens is done.
At the time of Invoice Posting through MIRO T-Code, all the charges are converted into JPY irrespective of their actual currency mentioned in the PO. Inside "Simulation" tab I can see the delivery/material cost in only 2 currencies i.e. JPY and MYR. I cant see the currency in USD as one of my delivery charge in PO is in USD. My invoice comes in respective urrencies as per PO. Please advise how to post invoice in multiple currencies as per the currency mentioned in PO.
Thanks & Regards
Satya

Hi,
Document currency of PO will be single and all the condition type values are converted to the document currency.
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Here each WBS is planed in USD as well as in INR. If PO is raised in USD, then actual value should be shown against planning done in USD.
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Dear Venkat
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Actual postings. For example, if the actual postings had been in
mixed currencies like:
Doc. date Cost elem.    Value COCurr CO.Cr      Value TranCurr TCrcy
   01-07-2007 911010000                 800   XXX                        1700 YYY
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YYY                            0             800
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How To Use Multiple Currencies in single payroll ........

Dear All
Can you help me How To Use Multiple Currencies in single payroll?
with regards
User600722

I am not a functional expert. but ML Note 150173.1 (which is quite old) states that this is not possible.
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Hello,
In the HTML screens I want to create Budget Lines using Multiple Currencies. This means create a line in USD for a certain Task and for the same Task create also an Euro line. I've checked the Multiple Currency option at the Financial and Workplan also added each Currency to the Work - and Financial Plan. Still I'm not able to enter Budgte Lines in other than the functional currency USD. Can someone help me out on this one or send information how this functionality has to be ste up in Release 12?

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I hope it's clear for you.
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Hi,
I had one issue.
Can I create PO with multiple line items ,with multiple currency ?
E.g 2 line items one line item with INR and second with USD.
I tried I am not able to create PO , But its allowing to create the same for Scheduling agreement and Contracts.
E.g I create a Contract with two line items.
one line item with INR and second with USD.
But the Header Currency is fix either INR or USD whatever u select before creating the contract remanins same and cannot be changed later.
Q :Is this correct ?
Q: what will contract vaule in this case in USD or INR .
Please see if u can add some in puts.
Thank you
Regards
Amar

Amar,
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Regards,
Manish

Reporting Multiple Currency Rates

Hi
Wonder if anyone has completed a report or know's a way of creating a currency report with more than one translation rate, ideally in SAP standard reports (Painter, Query or Drill-down etc).
The report is from PCA and we have GBP as the main currency. We need to submit a report in EUR with 5 (yes 5!) different exchange rates on the report.
The report layout is as follows:
Act Act Fcst Fcst Bud
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Each column has a different rate Translated from GBP into EUR.
We would ideally like to maintain the exchange rates in the standard way, so we can default them in the report, or allow the users to enter the individual rates in the selection screen.
Any help would be appreciated
Thanks
Bryn

Hi Shivaji,
If Kenya is you Business Area and you want all reporting at Business Area level. You need to do the following:
1.Balance sheet of kenya branch is to be prepared in INR: In OBY6 for your company code check the box Business Area in Fin Statements and make Business Area as mandatory field for all your transaction.
2.day to day transactions at kenya is to be at their currency (KES) only as per statutory requirement in kenya .
While doing transaction the transaction currency will be KES and maintain Exchange rate in OB08
3.Receipt or payment may be in KES or USD
4. sale to nearby countries will be invoiced in their currencies & payment made by them will be in their currency or USD.
Please use the concept of Multiple Currencies.
Br,Vivek

Define Multiple currencies

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