Group Currency

Hello,
What is the meaning of Group currency ?
How it can be changed ?
Thanks for your co-operation...
SAnjay

Hello
A group currency is used in the consolidated financial statements.
Before the consolidation process can be completed, all values in the individual financial statements must be translated from the local or transaction currency into group currency.
Check Global settings and the Consolidation settings for changing.
Rgds
suresh

Similar Messages

  • 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

  • Report Painter for Creating Report in Group currency

    Dear all,
    I have created a report using report painter.  I but currently the figures are in Local currency.  May I ask how can I convert these figures into Group currency? 
    Thanks.

    Hi,
    In the characteristics you have defined if you double click you can see on top BASIC KEY FIGURE select Group Currency and the same shall happen.
    Revert for further help
    Regards,
    Rahul

  • Vendor-Customer balances in group currency-table/structure/function module?

    Hi All,
    Which table/structure/function module can be used to get balances for vendors and customers in group currency? We just wnat to extract balances in group currency so FBL1N and FBL5N are not options. Is there any SAP report which can provide these balances for both vendors and customers?
    Thanks and regards,
    Pinky

    Hi Pinky,
    I came across one report S_ALR_87012079 - Transaction Figures: Account Balance, Program RFSRRCUA, which extracts Account Balances of Vendor. Once the report is executed, you can do Currency Translation from one currency to different currencies. In the output screen, in the Top Menu, select 'Settings -> Currency' and you can convert to another currency. I am not sure, if this helps you. If this helps, kindly update your comments here.
    Thank you.
    Suresh Jayanthi.

  • Customer balances in Group Currency

    Is there any way to get the Customer balances in Group currency - I am running TC S_ALR_87012172 for a UK Company Code. This TC provides me balances and details in GBP only and does not provide the option to get my USD balances. Is there any other transaction which would allow me to get the same type of report but in both LC and Group currency or at least only on GC? Same goes for TC S_ALR_87012082 for the payables side.

    Hi
    Can you try to edit the fields in layout in same t-code , also you can try to check the report in t-code: FBL5N if group currency filed is not avalible.

  • Difference in Local currency and Group currency Balance

    Hi,
    I have a query where ...
    Company code has 2 currencies ;Group currency is USD and Document Currency is GBP
    This GL account is zero balance account . It has alredy set up in Document spitting customization setting
    Through FB03 normal view we can see the zero balance  but while displaying the document general ledger view with option of group currency  ; it is showing zero balance for the local currency and  balance amount  for group currency USDu2026
    Can I get any suggesion where should I need to check for this?
    Thanks in Advance

    Hiten,
    We are on ECC6.0. For us the problem is ongoing production orders.
    Based on SAP notes about excluding zero balance orders from settlement process, I tried to close such orders but system does not allow it as it sees the parallel currecy balance.
    Thanks,
    Sanjay Wagh

  • Reclassification of Customer & Vendor Balances in Group Currency

    Hello
    It is with regards to the Reclassification of Customer & Vendor
    Balances vide T Code FAGLF101 - Sorting/Reclassification (New) as per
    IFRS.
    The reclassification entries are getting generated in Document & Local
    Currency but no values are getting accounted in Group Currency. The
    reclassification entries should also get accounted in Group Currency.
    We had also implemented following notes related to the same but were
    unable to get the required results.
    1365637 - FAGLF101: Transaction currency amount in postings
    1463016 - FAGL_CL_REGROUP: Additional local currencies (re-
    measurement)
    1493437 - FAGLF101/FAGL_CL_REGROUP: Additional local currencies
    Can some one please comment why the entries are not be flowing in Group
    currency in IF ledger. OR are there any additional notes need to be
    implemented.
    Regards
    Atul

    Hi Atul............
    This language seems you are asking your doubts related to some other version of SAP and this is SAP Business One Forum.
    You are requested to post your question to correct forum because unfortunately you can not get any help from this forum.
    And if you have the other doubts regarding same version then please close all those threads and post it to right one....
    Regards,
    Rahul

  • Unable to clear GL due to Val difference between Local and group currency.

    hi,
    We have an open item managed Revaluation G/L account in our company code which has a local currency USD.There are some documents posted to this account in both USD and CAD. But when we analyze the docs posted in CAD we found a valuation difference in the local currency(USD) and the Group currency(again USD). I am not sure of the reason for this. But due to this difference we are unable to clear this account. Please let me know if anyone can think of how to clear this particular GL account.
    Rgds,
    Raj/
    Edited by: raj3875 on Oct 8, 2009 11:37 PM

    We have an issue even with document currency in USD. there is a valuation difference between Local currency (USD) and Group currency (USD).
    For example:
    Doc currency = 0 USD
    Local Currrency = 171,000 USD
    Group currency  = 0 USD
    Because of this I am not able to clear the account. Not sure why there is a difference inspite of the same currency. I try to clear it in F-04 but I get the below error:
    Posting is only possible with a zero balance; correct document
    Message no. F5060
    Regards,
    Raj

  • Urgent -Group Currency

    what is the field and table in abap dic for Group currency ....
    also where will i get both local curreny and group currency

    GROUP CURRENCY (currency type 30) - currency defined in client master; normally this is also the consolidation reporting currency for the group; If using Group Currency in FI it is advised to use Group currency in CO as well.
    see table :  t000  (Clients)

  • Valuation Currency not posting Group Currency equivalent

    Hi FSCM Experts,
    Can you help with this query please? We are activating FSCM FX and Hedge Management components.
    We have maintained the Valution Currency as EUR for the company code. The company code has Local Company Code currency of EUR.  When the postings to the FI account happen from the TPM1 valuation transaction, the EUR value is only updated in the Loc Curr field. There is no USD equivalent showing in the Loc Curr2 field. There is no value at all updating in the Doc Curr field.
    It is required that the values on the GL account also show out in USD equivalent and not just in local currency EUR.
    This company code is a USD functional company code. That meas that under transaction OB22 (Additional Local Currencies for Company Code) under sections '1st Local Currency' and '2nd Local Currency'  the translation being used is 'Translation taking transaction currency as a basis'. This setting is a fundamental business requirement and cannot be altered.
    Due to the fact that the Doc Curr (= Transaction Currency) field is not being updated in the TPM1 posting above, there is no value in the Transaction Currency field and therefore no translation is being done into Loc Curr2 (= Group Currency of USD).
    Can you advise is there a way to get the USD equivalent to show on the GL account posting please? For example, is there a way to get the Doc Curr field to be populated when the TPM1 posting is done? If the Doc Curr field could be populated (eg maybe by the Position Currency etc) then the system would be able to do a traslation to USD equivalent amount per the settings in OB22 above.
    Thank you for your advise here.

    We resolved this using a BADI TPM_ACCIF_TRAC

  • Inventory balance report in Group Currency

    Hi MM gurus,
    Does anyone knows a standard SAP report that I could run to get inventory balance in group currency? I know I could run MB5B to get inventory balance as of a certain posting date. But the report only shows me the amount in the plant currency (local currency). For example, I have a plant in Germany and the default currency is EUR. When I run MB5B, the report shows me inventory balance in EUR. I would like to see the balance in USD which is our group currency. Any help will be greatly appreciated.
    Thanks,
    Cassandra Wong

    Hi ,
    If you are using any report like MC.1 to MC.9 you can choose From menu SETTINGS->CURRENCY->ANALYSIS CURRENCY.
    Here you can provide your group currency for valuation.
    Note: MM5B has no such options.
    Thanks,
    sudhakar

  • Vendor and Customer Hard and Group Currency balances

    Please let me know the table names of Vendor, Customer and GL balances for Hard and Group currencies (Ex KNC1 for Customer balance in Company Code Currency)
    Ramesh

    I don't think they are available.
    But if you have any requirement in the customization report, you can convert the values of KNC1 with TCURR table rates based on the posting date.
    Rgds
    Murali. N

Maybe you are looking for