GL Accounts in different currency to company code
Our currency is GBP, however we do have a house bank in EUR, and have set up a GL bank account also. In addition there are some entries which we need to leave in EUR pending resolution, and rather than leaving in the GL bank account, have set up a GL code also in EUR.
I understand that you can only post to this account in EUR which is fine. However when we look at the GL account balance in FS10N, it doesn't seem to convert to GBP correctly.
I can drill down to the line items, and see the EUR>GBP conversion rate correctly. However the total line does not come through correctly.
EUR (500,000) GBP (342,466) = exchg is 68.5
EUR (258,230) GBP (176,870) = exchg is 68.5
EUR 158,994 GBP 111,185 = exchg is 69.9
EUR (2,855) GBP (1,996) = exchg is 69.9
EUR (13,132) GBP (9,184) = exchg is 69.9
WUR 99,236 GBP 69,396 = exchg is 69.9
EUR 62,160 GBP 42,575 = exchg is 68.5
EUR 437,840 GBP 293,852 = exchg is 67.1
EUR (36,350) GBP (24,396) = exchg is 67.1
If you add the totals you get EUR (52,338) GBP (37,904), an approx exchg rate of 72.4.
All the postings have been made un Euro's but the more postings you get the bigger the difference in the totals between EUR (account currency) and GBP (company currency). We currently have a balance which has a conversion of 112.5?
Any ideas?
Hi Wendy
I can see lot of fluctuations in the exchanges rates between EUR/GBP due to which you get difference
EUR -500,000 GBP -342,466 = ex rate 1.459998949
EUR -258,230 GBP -176,870 = ex rate 1.459998869
EUR 158,994 GBP 111,185 = ex rate 1.429995053
EUR -2,855 GBP -1,996 = ex rate 1.430360721
EUR -13,132 GBP -9,184 = ex rate 1.429878049
WUR 99,236 GBP 69,396 = ex rate 1.429995965
EUR 62,160 GBP 42,575 = ex rate 1.460011744
EUR 437,840 GBP 293,852 = ex rate 1.49000177
EUR -36,350 GBP -24,396 = ex rate 1.48999836
It seems the postings are OK and no problem.
thanks
Ashok
Similar Messages
-
Currency conversion with different currency and company code
Hi all,
how could it be done if in the report different currencies have to be managed / displayed?
The InfoObject 0Comp_Code has to be handled for example with different currencies. There are different company codes available and their currency should be converted in the query. But for example we have different currencies like dollar, yen and euro. So the currency should be dedicated correctly.
And the credit control area (the highest level in organisation) has only Euro.
The data (currency) of credit control area and company code in the cube is available only in Euro at the moment.
I thought it would be more flexible when the conversion is done at query level then at transformation level. We have filters in the query and the query is very fast. Is it also possible to include a currency for selection in filter?
Thank you in advance for your help!Hi,
Yes, it is possible to have a filter for selection of target currency if multiple currencies are involved. However, you would need to define a currency translation first in RSCUR. Here, you can specify EUR to be the fixed source currency & a variable in case of target currency which will be used as a filter for user input when the query is executed. You also need to have a reference date (exchange rate date) & a exchange rate type (avg. mthly rate, daily buying rate etc.) associated with the currency translation.
--Priya -
How to do consolidation using two chart accounts with different currencies
Hi
How to do consolidation using two chart accounts with different currencies and do we need to use same fiscal year variant ?
What would be the impossible factors when we use two company codes with two chart of accounts ...
Regards
KesharikaGood Afternoon
You need to use translationa and/or valuation
translation takes account in foreign currency and translates to group currency
valuation takes account in currency 1 and restates into currency 2 for a company with currency 2
so depends on which company you are consolidating for, a company in a foreign currency in that currency or consolidating a compnay in foreign currency to parent company in another currency -
The CO account assignment object belongs to company code 1000, not 1100
Dear consultants,
I am SAP - HR consultant.
I have 4 company codes, under one controlling area & payroll area. I executed live Payroll & tried to run posting payroll results. System displayed folloewing error "You want to make a posting in company code 1100. At the same time, a CO account assignment object was specified that is assigned to company code 1000. This is account assignment object with object type CTR, and object key 1000/1010101400. "
I have created similar accounts 1110101400, 1210101400 & 1310101400 for company codes 1100, 1200 & 1300.
May I know what could be the reason?
Regards,
Bindumadhav"this is account assignment object with object type CTR, and object key 1000/1010101400" means; somethings is missing for cost center 1010101400 under the company code 1000. system tries to post and entry for company code 1100 to the cost center 1010101400 which falls under a different company code (1000).
so it is not realted with GL accounts i believe
you can go to KS02 and check the company code for the CCenter 1010101400 and change it to 1100.
or you may change the cost center assigned to employer master and give a new ccenter which is under the company code 1100.
but if i were you, before making any changes i would consult the a CO consultants first for this issue. -
The CO account assignment object belongs to company code 2100, not 1100
Hi All,
My system has all different company codes assigned to one cotrolling area as a result one can change org unit and position cost center from one company code to another.
I recently changed same position's cost center from co code 2000 to cost center in new co code 1100 and created new personnel area to be linked to new Co code 1100. OM module doesn't moan however when I try and capture org-reassignment action to default same employee postion with new related cost center from new company code 1100 get the follwing error.
'The CO account assignment object belongs to company code 2100, not 1100'.
I see in IT0001 system defaults new personnel area linked to Co code 1100 however it still defaults old cost center linked to Co code 2000 instead of new cost center linked to Co code1100. How can I make the system default new cost center?
NB relationship for new cost center from Co code 1100 to postion has been changed effective 01.04.2012 . The same date is used for or-reassignment action.Hi I had same problem can you explain me little bit more that how you will resolve this
-
Ledger group currency Vs Company code currency
Hello Experts,
Can any one tell me the difference between Ledger group currencies and Company code currencies in New GL in ECC 6.0?
Also can anyone explain me any scenario where and why we use different currencies in Ledger group and Company code ?
Regards,
SriramHi,
In New GL we can use different currencies for ledgers. We can maintain 3 types of currencies for each ledger. 1st one should be company code currency. You can maintain additional 2 currencies as you choice which assigned to co code and group. You can generate the report in different currencies for each ledger
Thanks & Regards
Assign points if useful -
Additional local currencies to company code- OB22
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.
Regards,
Suresh Patipati.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]
[Parallel Valuation Methods and Currencies|http://help.sap.com/saphelp_47x200/helpdata/en/e9/00f61d416b11d6b20800508b6b8a93/frameset.htm]
Here you can find a detailed documentation.
Regards,
Antje -
Error In Transfer The CO account assignment object belongs to company code
Dear All,
When i am trying to transfer a employee from a personnel area to another personnel area, i am getting the following error.
The CO account assignment object belongs to company code 2000, not 2007
These personnel areas belong to two different company codes.
Pls suggest.
Kind Regards
NagHi,
Please check with the FICO consultant you have to give new CO assignemnt when you transfer EMPLOYEE to other companycode. i hope so
Vibin -
The CO account assignment object belongs to company code PN10, not BN10
Hi All, Iu2019m getting the error u201CThe CO account assignment object belongs to company code PN10, not BN10" when trying to make a payment on an invoice that was created in company code BN10.
The error came about because, there was an exchange rate difference between the invoice value and the corresponding payment value (document currency is USD and the transaction I'm using to make payment is F-58).
Therefore when i try to make the payment, the SAP system detects the exchange rate difference and attempts to post it to the exchange rate difference account (421020050). In OKB9, the default cost center specified for G/L account (421020050) in BN10 is (B999010). Therefore when the payment is been done, the system posts the exchange rate difference to G/L account (421020050) and assigns the cost center (B999010).
However, upon trying to save the document, the system shows the message "Correct the marked line items" (the marked line item here is the exchange rate line item). Therefore, I double click the line item to drill down on it and see that everything seems fine. I then click the save button, on clicking it, the system shows the error "The CO account assignment object belongs to company code PN10, not BN10u201D.
When i double click the error to read a more comprehensive explanation of the error, its content are as displayed below:
The CO account assignment object belongs to company code PN10, not BN10
Message no. KI100
Diagnosis
You want to make a posting in company code BN10.
At the same time, a CO account assignment object was specified that is assigned to company code PN10.
This is account assignment object with object type CTR, and object key NIG1/A999010.
System Response
Company code validation is active for company code BN10:
All account assignment objects in one posting row must be assigned to the same company code.
Procedure
You can
u2022 Make an assignment to company code PN10.
u2022 Enter an account assignment object assigned to company code BN10.
u2022 Change the assignment of object NIG1/A999010 to company code PN10. In this case, you should note the document and edit it further after changing the assignment.
If the posting is to a balance sheet account (category 90), you may also decide whether to allow CO account assignment objects from other company codes. If this is the case, deactivate the error message with the IMG step Change message control (message ID "KI", message number 100).
You can set the following message types:
"-" Message is not sent
"W" Message is sent as a warning message
"E" Message is sent as an error message
Posting to cost elements of another category always results in the message appearing as an error message, whether it has been deactivated or not.
Execute "Change message control"
(NOTE: All cost centers that starts with u201CAu201D belong to company code PN10 and those that starts with u201CBu201D belong to company code BN10)
Kindly help with the resolution of this issue. Any resolution ideas would be greatly appreciated.
Moderator: Please, search SDNCheck the following OSS notes
1) Note 141224 - Error message KI100 for cross company
2) Note 202765 - KI100 during release of intercompany billing
thanks
G. Lakshmipathi -
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.
ThanksHi
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…
Regards
Sowmya -
Printing invoice in a different currency then company currency
Hi,
The client want to print an invoice with a currency different then the company currency for an export customer in export sales area. But sales value allocation to accounts should be in company currency. If we select currency for this customer in sales view as a different currency what would be the affect?
the exchange rate from this different currency to company currency should be on the date of order creation and allocated to accounts. What should be the solution?
Thanks.Hi,
You can use CONVERT_TO_LOCAL_CURRENCY function.
Regards,
Eli -
Error message: CO account assignment to the wrong company code
Hello,
I've had the following error message in a report: "The CO account assignment object belongs to company code XXXX, not YYYY." What object is this? How can I change the assignment of the object to the company code? Which transactions should I use?
Please help me.
Thank you all,
TatianaHI
i think the error message number KI100 if message is KI100 you can supress error message by using transaction code OBA5
if error message is different please let me know the error message number
Thanks & Regards
Phaneendra -
Error in F-02 : "No chart of accounts could be determined for Company Code
Hi SAP GURUs,
When we tried to post an Journal Entry it is giving the error message as "No chart of accounts could be determined for company code".
Could you please help me with the reason & resolution for this.
Best Regards,
PavanDear,
Please try tcode obd4, define a/c group with COA.
hope it helps
regards -
G/L account is not defined in company code
Hello,
When I try to release an invoice in accounting, there is an error "G/L account is not defined in company code ".
Does anyone knows the possible cause of these error?
ThanksHi,
Go to VKOA , Check whether you have assigned the correct G/L account or not .
Secondly if it is correct go to FS00 and extend the G/L Account.
For this you can take the help of FI consultant or ask him to create it . Once this is done than go to VFX3 and release the document for accounting.
Hope this will help you !!
Regards,,
Krishna O -
Msg K1100 'The CO account assignment object belongs to company code X,not Y
Hi,
Unable to create an accounting document for a Return order.
Message K1100 - Error:The CO account assignment object belongs to company code X,not Y
Company Code : X
Sales Org: X
Plant: P
Billing Date : IG ( Internal Credit Memo)
The above details are from the item level- Account Assignment tab-Profitabliity Segment.
Pl. let us know from which table these fields are picked.
Regards
Biju
Edited by: Biju Mercy on Jan 7, 2010 12:58 PMI believe the error message number is ki100 and not k1100 as indicated by you in which case, refer any of the following notes:-
a) 140503
b) 643700
c) 420778
d) 352261
e) 141224
thanks
G. Lakshmipathi
Maybe you are looking for
-
Auto image load failure, ssl failure, secure connection failure
First their is a problem with some ssl web sites, now I have read the article and if it had worked I would not be posting this here. so for the last time, I go to a bank web site it has the page that tells me to add a exception. then when i get to th
-
Why is there no refresh button on the update of Firefox?
Since I updated I have no refresh button and its quite anoying
-
Weird separator (cursor line) in tabs and bookmarks toolbar
Hi, after installing firefox I got some weird cursor lines in the tabs and in the bookmarks toolbar and its kind of annoying
-
I updated Firefox and all the add-ons. Since that time, Every time Firefox is opened, it always opens four tabs. One is my home page. One says Firefox has been updated. The other two are the notices for two add-ons that were updated. It all began at
-
Sendmail sends mail to yahoo but not local domain
Hi, I havent worked much on sendmail at all, and as I know it its already configured in Solaris 10 and we just have to put in the relevant entries of DNS etc to make it work. Now the problem is when I use the command mailx to send mail, it is sending