Group Currency Configuration

Dear All,
We have configured group currency in a few months after company went Go live. There was data posted before the Group Currency configuration. Now after the group currency configuration is done and when running a few reports the data posted i.e the Documents posted before the configuration is not showing in group currency
Is there any standard way to bring the group currency effect in the past documents, without reversing and reposting them.
Please advice. Much appreciated.

The standard configuration steps for this under IMG are:
SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Multiple Currencies -> Define additional local currencies.
Under the above node for each of your company code, define group currency (type 30) in the second tab.
Regards
Sharabh

Similar Messages

Where do configure the group currency

Hi,
Where do configure the group currency , what is the T/code , and path .
Regards,
Prabhakar

Hi Mike,
As per my knowledge Group currency have to configure in "OB22" T/code, after done configuration whether have to assign group currency to SCC4 T/code what u have been given .
Pl give me some additional guidelines.
Regards,
Prabhakar

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?

Group currency update problem

Hi FICO gurus
We have a problem of group currency update.
We have company code currency GBP and 2nd local currency activated (Group currency) also in GBP.
Now when we do postings in FI, some of the FI documents are not updating 2nd local currency amount (Group currency).
Hence while clearing the 2 or more line items in the same GL account we are having a problem of exchange rate fluctuations in group currency.
Does any one know why some of the documents are not updating group currency?
Do we need to really maintain OBA1 configuration (exchange rate derivation)?
Thanks for your reply
Mr GK

Does the ECCS ledger include group/ledger currency in the definition (CXL2)?
Another thing to check is that if the desired GC values are loade in before the translation. If so, the translation method can be changed to "do not translate" for certain items such as the P&L items. This way the values are not changed from the original ledger CAD values as a result of translation.
Edited by: Dan Sullivan on Nov 16, 2011 8:18 AM

Group Currency in Profit Center Valuation ?

Hello,
We have 3 currencies configured, 1. Local Currency(10), 2.Group Currency(30) 3.Group Currency in Profit Center Valuation(32).
What do you mean by Group Currency in Profit Center Valuation?
Appreciate your help.
Thanks
Srinath

In FI you can manage up to three parallel valuation methods to support transfer prices. The valuation bases are stored using the additional currency and the ledger facilities.
You can use the following valuation methods: 0 - Legal valuation, 1- Group valuation, 2- Profit center valuation.
Also you can have the following currencies: 10 - Company code currency, 30-Group currency, 40-Hard currency, 50-Index-based currency, 60-Global company currency.
The currency and the valuation method are combined in the financial accounting document to form the currency and valuation type. For example, if you want to make a group valuation in the group currency, you enter currency and valuation type 31 in the company code.
IN your case a group valuation in group currency and a profit center valuation in group currency, as well as the legal valuation in company code currency is defined.
The following settings are made in the company code:
The corporate valuation and the profit center valuation are managed in the second and third ledgers, which you have to create yourself. The valuation category used is stored in the ledger master data. You need to enter the relevant currencies in the ledger master record.
You post complete values to each ledger, not delta values. This presentation has the advantage that the parallel valuation methods can be managed in logically and physically separate ledgers. This enables a simple authorization control when accessing the datasets of the parallel valuation methods.
Different valuations can also be stored in the Special Purpose ledgers, just as in the general ledger.
In each ledger master record, you can define whether the ledger manages a legal valuation, a group valuation, or a profit center valuation.

Group currency change in SCC4

Hello,
We are planning to change the group currency in DEV enviroment (we are not live yet), would like to know if you guys are aware of any further implications regarding this change, os is this really as simple as that.
Thnks.

Thks for your fast response Srikanth, I've seen the OSS and as we are not live yet and we have no test data yet (we're just starting realization phase), may I assume there is no risk in changing this currency?
In the other hand, should this group currency be configured as the controlling area currency as well in order to avoid inconsistencies as stated in OSS 119428?
Regards,

Currency tranlation in case of Multiple group currency

From SAP help:
You want to report in two currencies on the subgroup level: You disclose the subgroup result in the first group currency while reporting the subgroup result to corporate headquarters in their group currency
My scenario:
I have subgroups B,C and top consolidation group as A
Subgroups B, C consolidate in EUR and Group A in USD.
1)
When i want to run my consolidation for sub groups -
All i have to do is go and change the group currency in my Permanent parameters.
Is this correct?
Also - can i use a copy function in this case (i.e. without creating any versions)?
(System does not allow me to specify a source and target grp currency without specifying the source and target versions)
2)
If I want to achieve this by multiple versions
I configure -3 consolidation versions - 001, 002 n 003
Make consolidation unit hierarchy as version dependent (define and assign Spl versions)
In my versions 002, 003 i maintain only the consolidation subgroups B n C respectively.
Create a Copy function which involves-
Three Copy methods X, Y n Z;
One copy Task with method assignment dependent on Company
Assign methods accordingly to each company.
Is this the correct way to do it or is there an alternative through special versions definition for Copy?
Do i have to worry about anything else?
Thanks in Advance!

1. Yes - change grp curr in parameters and execute copy and translation - source and target versions may be the same
2. because you have chosen to use different version for each grp curr, the above mentioned copy must be for differing source and target versions
I see no reason to make hierarchy version-dependent other than to exclude group A from having both EUR and USD grp currs. However, it is perfectly okay to have this dependency.
Unless there is missing information, I see no reason for separate copy methods/tasks or for assigning copy methods based on company.

Can we writeoff/any other solution for difference amount in group currency?

Hi All,
One of the G/L account are getting difference between Local Currency (Co. Code Currency - CAD) and Group Currency (USD) as follows. Our Client wants to clear this amount in Group Currency (USD). Can any one help me out on this?
Problem description: at month end of february 2008 the Cumulative balance needs to be zero (blank) and it is zero in the local currency (CAD)
whereas it is showing an odd amount of USD 528 for the same, which we want to get rid of somehow, to make it show as blank. in USD also for the month end february 2008.
Hence please suggest any method to write off that balance/ reverse / any other alternative. so that both in USD and CAD it would be blank for month end february 2008
To view: FS10N with currency USD and with currency CAD

Hi Prasad,
In Logistics Invoice Verification, when you enter an invoice in foreign
currency, the system automatically translates the foreign currency
amounts to local currency. The system calculates the exchange rate using
the following rule:
1.If the buyer entered a fixed exchange rate in the purchase order, the
system uses this rate to translate the amounts to local currency.
2.If an exchange rate was entered in Invoice Verification, the system
uses this rate to translate the amounts to local currency.
3.If an exchange rate was entered neither in the purchase order nor in
Invoice Verification, the system uses the exchange rate pre-defined in
Customizing for Financial Accounting valid for the posting date.
Exchange Rate Differences
If a purchase order is entered in foreign currency,the amounts are
translated from foreign currency into local currency at goods receipt.
If you enter the invoice for the purchase order in the foreign currency,
this can lead to currency translation differences between the goods
receipt and the invoice receipt.
How these differences are posted depends on how your system is
configured in Customizing for Invoice Verification
Exchange Rate Rounding Differences
When an invoice is posted in a foreign currency, the amounts are translated into local currency.Since the system rounds off the amounts in each posting line, this can lead to rounding differences due to the currency translation.
These differences are posted to an expense or income account.
Addition in transaction OB22 for the second local currency, it should be defined 'Translation taking transaction currency as a basis' is defined.
Pls. also refer to note:335608 Trnsln of 2nd and 3rd lcl crcy fm 1st lcl/trns crcy.
I hope the above information helps you out......
Best Regards,
Gladys Xing

Group Currency setup

Dear Experts,
SAP client level- Currency (INR) was set up for my client and now he want to have reporting in USD also.
When we define Group currency (OB22) then system will consider Client currency.
I changed Client level(SCC4) currency to USD then I was able to set up group currency as USD.
Will these changes cause any problems in Existing system, Please let me know.
Thanks, Meena

Hi Expert,
Suggestible not to change Group Currency, if it is already configured..
In case of fresh configuration, then use this following options...
By changing client level as USD, it won't effects any things, but it will change Group Currency as USD for entire client.
We have one more option to use additional currencies in OY01 w.r.t our company code, If our company code country is IN, then in T-Code: OY01, go to INR and provide Index Based Currency as USD or Hard Currency as USD, which can be used for our parallel currencies.
This answer may conclude your problem...
Regards,
GOPI KRISHNA YANDRA
SAP FI/CO CONSULTANT
Edited by: GopiKrishna.Y on Dec 14, 2011 6:24 PM
Edited by: GopiKrishna.Y on Dec 14, 2011 6:26 PM

Multiple Group Currencies

Hi Team,
We have six consolidation groups with different currencies,I have following clarifications about execution of consolidation:
Our requirement is to see the consolidated financials of all consolidation groups in their respective currencies for our internal requirement. I have not specified any group currency in my consolidation area, as we can use multiple group currencies.
1.Can I process all tasks of the consolidation from the lowest consolidation group to the top- in aggregation pattern keeping the immediate parent company's currency as group currency in the parameters. what will be the impact of this.
2.Do I have to repeat all tasks again, when I execute my final consolidation which is in INR , since I could have already completed my lower consol groups.
Kind Regards
Sreedhar

I don't think adding a group currency (currency type 30) in a live system is as simple as shutting down the system and moving the transport, even if you plan to do it at the end of a fiscal year. This might work for future postings (after you do the necessary configuration settings, in spite of the warning that SAP issues in OB22 when you add an additional currency), but think about how will you get the group currency amount for historical postings - without this you will not be able to pull balance to date in group currency for let's say a balance sheet account.
SAP SLO Services helps with introducing additional currency in a live system - System Landscape Optimization | Data and Technology Services | SAP
On the OB22 question in your response, you are right - 1st local currency is company code currency, 2nd could be your group currency. Third is for hard currency, index-based currency, or global compay currency. See below:
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).
Global company currency
Global company currency is the currency which is used for an internal
trading partner.
On the last question that you have on offline conversion, yes exchange rate is the key for that. I think the recommended approach for group currency conversion is to use monthly average rate for income statement accounts, and month-end rate for balance sheet accounts.

GRIR Maintenence and Clearing for non group currency PO

Hi Experts
I have an issue where I have a PO in say USD where group currency for company is Aus Dollar (AUD)
At Month end, for whatever reason there is a GR/IR balance and we maintain it with MR11 but MR11 balances the difference in group currency (AUD) where all other postings for the PO are in USD.
When we run F.13 or F13E the account never clears as it only clears transactions of same currency. We seem to never be able to clear these (without introducing a large tolerance in F.13 perhaps?)
Any ideas on a way forward?
thanks
AC

Try the finance forum ?
I'd expect all currency amounts to get converted to company currency and I've never known MR11 not to clear balances. Wild guess: have you got required exchange rates in place ?

Table for finding material cost in group currency

Hi ,
We are maintaing product cost on Cocode currency and group currency using CK11. We are not able to find the cost in group currecy in MEBW or KEPH.
Kindly let me know the right table to look into.
Thanks,
Jatin

Hi Jatin
Did you mean you have cost component split in controlling area currency? if yes, then you will get for each costing calculation two records in table KEPH, the currency label is field LOSFX. The record with blank LOSFX is company code currency, the one with "X" is controlling area currency.
Hope this helps.
Junqi

Realized exchange rate difference in local and group currency

Hi Friends,
For a company code with local currency as Euro and group currency as USD, the setting in TR code OB22 for group currency is: Translation taking first local currency as a basis. When the open items are cleared, SAP posts difference in local currency and group currency. Sometimes, document currency is also group currency i.e. USD. The realized exchange difference is posted in Euro but it is not converted from Euro to group currency. Instead, system just calculates difference in group currency by comparing the value in group currency at the time of original transaction and when the transaction is cleared. Does anyone have dealt with such requirement and is there a way to be able to translate realized exchange differences from local to group currency?
Thanks and regards,
Pinky

>Sometimes, document currency is also group currency i.e. USD.
Can you explain, it's because of your settings or because of SAP?

Exchange rate difference posted to Group currency only during MIRO

Hi SAP Gurus,
We're activating parallel currency in ML and USD is the group currency. GR/IR clearing acct is managed in local currency only.
OB22
Crcy Type 30    Group currency                               Currency   USD
Valuation        Legal Valuation
ER Type    M     Standard translation at average rate
Srce curr. 1     Translation taking transaction currency as a basis
TrsDte typ 3     Translation date
Please find below scenario:
Co code currency: ZAR
PO: ZAR
Upon GR:
Posting date- 04/14/2009 exch. rate 1ZAR= 0.11099 USD
Entry: debit Expense - 4,078.19 ZAR/ 452.64 USD
          credit GR/IR acct -   4,078.19 ZAR/ 452.64 USD
Upon IR:
Posting date- 04/20/2009 exch. rate 1 ZAR= 0.11279 USD
Entry: debit GR/IR acct - 4,078.19 ZAR/ 452.64 USD
          credit Vendor acct - 4,078.19 ZAR/ 460.02 USD
automatic additional debit Expense - 0.00 ZAR/ 7.38 USD
Here are my questions:
1.) Where would I check the setting for the GL account used in the automatic line entry posted in group currency during IR? (3rd line item above)
2.) Can this be changed? Say instead of the original acct assignment, the management want to change it to FX gain/loss account
3.) How?
I have checked several notes (331910,etc) but I can't seem to find the answers to my questions.
Appreciate your help. Thanks!
Regards
Dru

Just an update to this issue- I just found out that the system is pointing to KBS when posting the
exchange rate difference in group currency upon IR, hence, PO account
assignment is adopted. I'd like to rephrase my question- is there any
way we can change SAP behaviour such that it will point to other
transaction key (e.g. KDG) other than KDM? Bottomline is we want it
charged to other GL account not the one in the PO.
Thanks so much for your assistance.
Regards,
Dru

How to restrict Group Currency to Version

Hi
I am looking into multiple group currency consolidation, using different versions.
My question, is it possible to restrict the Group Currency by version.
E.g., I want version 100 to be restricted to group currency GBP, and version 999 to be restricted to group currency USD.
Regards
M

Thanks Eugene
I appreciate I can specify in the Parameters the relevant combinations.
However what I want to do is restrict whats acceptable in the parameters, that is
GBP & v.999 or USD & v.100 should not be allowed to be entered.
Because you can have 2 group currencies in a single version, then I am not sure how this would be restricted.
Thanks
M

Group Currency Configuration

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