HT204411 are prices shown in local currency e.g. FJD ??

are prices shown in local currency e.g. FJD ??

thank you for the replies..
we have currency built in our data model.
i dont want to do currency translation.
i already have this taken care of in 3 keyfigures
Stat currency, Doc currency, local currency
when user runs report in usa the keyfigure stat currency shows $123.00
when user runs report in uk the keyfigure stat currency shows Pound 123.00
this shouldnt happen
how to change Default Excel currency from Pound to $

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Are all prices in my local currency?

I'm in New Zealand, and Vanity Fair magazine in particular is $8.29 per edition.
I want to know if this is my local currency or US dollar?
As it's about a 3rd of what I will pay for the actual magazine, it's awfully cheap!
Thanks

It is the currency of the country store you are viewing it in.

Foreign currency invoice not shown in local currency

Dear Experts ,
Can you please help me to resole
In my company code currency is INR and my foreign currency is USD , when i posted a invoice in foreign currency it shows in print preview only in foreign currency that is USD but i want to see the local currency INR also for that invoice when in view in VF03
please tell me how to do this
Thanks in Advance
Bhaskar

Hi,
Make sure that in VF03 the document is displaying as per your criteria.
Else you need to add layout of local currency value from layout design.
better you check the table that the correct value is generating ( I mean the local currency information is updating or not)
Regards,
Sanju M S

Need to convert USD to local currency

Hi Gurus
Can you please suggest me the way to convert the amount in USD into local
currency amount. I am obtaining transactions from BSIS table which are in USD
and I want the final amount to be shown in local currency.
Thanks in advance for help!
Regards
Ankit

Hi,
Use the following FM:
<b>CONVERT_TO_LOCAL_CURRENCY</b> Convert from foreign currency to local currency
Hope this helps.
Reward if helpful.
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MIgo- Mvt Type 101- Amount in Local Currency

Dear Experts,
Require you valuable suggestions in resolving issue concerned with MIGO, MVT Type 101, Amount in local currency.
I have the following scenario../ steps followed..
a. Material Master created with Moving Average price
b. No Stock exists for the material
c. Purchase Order Created for material with Quantity - 1 ea and price PBxx= 100.00 GBP. No Taxes applicable
d. GR/ IR check in unticked and Inv. Receipt is ticked in the Invoice tabl of the Purchase Order. GR/ IR not to be maade mandatory.
e. Initially invoice is posted for qty 1. and value of 70.00 GBP
f. Further another move invoice is posted for the same line item of the PO for Qty 1 and value of 30. GBP.
g. Referring point e & f above- 2 invoices have been posted for quantity 2 toial value of 100.00 GBP
h. MIGO Posted for qty - 1 ea referring the Purchase order and a material document has been generated.
i. In Display mode of Material Document, in the quantity tab, the amount in local currency is populating as 50.00 GBP.
The following have been tested
1. Cancelled the Material Document
2. Cancelled both the invoices.
3. Cleared FI documents manually.
4. Posted Single invoice for 100.00GBP
5. Posted MIGO- GR- 101 for 1 qty.
6. In material document the value is reflecting as 100.00GBP
Kindly suggest..
1. to get a amount in local currecy asf 100.00GBP in the migo - value of the PO line item, even if 2 invoices exits with different values.
2. User exit to control this.
3. Any other solution.
Regards,
M. Suresh
4. Posted

Dear Suresh
This is a standard behaviour only.
1. when you ost intital invoice for Qty1 and value 70 GBP, then perform GR, the amount in local currency will be shown as 70 GBP with Quantity 1.
2. When you post GR for Quantity 1 after posting two IRs (one with Qty1-70 GBP + second with Qty 1-30 GBP), , the amount shown in local currency will be 100/2 = 50 GBP. System will show as Quantity 1 due for GR.
Always use GR based IR which will not create any issue or Please define the over delivery/under delivery tolerences which will not allow to post more than the PO quantity. Main reason is posting IR mroe than the PO quantity. We can't use userexit for this. This is standard process. If you bypass these controls, will create a inconsistencies.
Warm regards
Ramakrishna.

Open item mgt and only balances in local currency

Hi ,
What is open item management and only banlances in local currency ?
for which gl accounts v select open item management and only balances in local currency
Pls explain urgent
Regards
umesh

1. Only Balances in Local Currency:
Indicates that balances are updated only in local currency when users post items to this account.
Use: You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
It is required to set theis indicator in:
1. cash discount clearing accounts
2. GR/IR clearing accounts.
It cannot be set in reconciliation accounts for customers or vendors. Setting it in all other instances is optional.
Open item management:
Determines that open items are managed for this account.
Explanation: Items posted to accounts managed on an open item basis are marked as open or cleared. The balance of these accounts is always equal to the balance of the open items.
Procedure: Set up accounts with open item management if offsetting entries are to be assigned to the postings made to these accounts. Postings to these accounts represent incomplete transactions.
USE:
A goods receipt/invoice receipt (GR/IR) clearing account should be managed on an open item basis so that you can check at any time whether invoices have been received for the goods received for an order.
Set up accounts without open item management if no offsetting entry is to be made against a posting to this account.
Accounts that are managed on an open item basis include:
Clearing accounts:
Bank clearing account
Payroll clearing account
Cash discount clearing account
GR/IR clearing account
Accounts that are not managed on an open item basis:
Bank accounts
Tax accounts
Raw material accounts
Reconciliation accounts
Hope this is helpful. Pleas assign points if it is.
Julia

Report want to see the local currency

dear all
i run the report me8fn, its show the toal value of order currency wise, but i required local currency.
what is the way pls explain me.
i run like theis
62000000 to 629999999
thanks

Generally purchase order will be in document currency,In GR it can be shown in local currency,Use dyanmic selections in ME80FN,
move exchange rate to right side,enter exchange rate as 1,put condtion not equal to 1.00 or otherwise use selective vendors if
its imports,in report,change view -->purchase order history.

GL account char - XSALH "Indicator:Only Manage Balances in Local Currency"

Hello experts,
Regarding transaction FS00 or FSS0, i would like someone to give me a clear view of the utility of value field XSALH "Indicator: Only Manage Balances in Local Currency".
When creating a GL account, from a technical perpestice, in which case i should activate this flag and in which case i should not activate it ?
What are the different impact for the user, except the fact that balances are updated only in local currency ?
Thanks in advance,
Nicolas GORECKI

Hi
If the indicator Only Balances in Local Currency is selected in the master record, transactions figures are only managed for amounts translated into local currency.
You should select this field for clearing accounts where you want to clear accounts by assigning items with the same local currency amount with one another, without necessitating exdchange rate difference postings.
The indicator must be set in cash discount and GR/IR clearing accounts. This should not be activated for Reconciliation accounts for customer and vendors.
This indicator is usually set in balance sheet accounts that are not managed in foreign currencies.
IF this indicator is not set, to clear the open items, both the local and foreign currency amounts of the items to be clared must match. In such a case, it may be required to post an exchange rate difference postings.

Balances in Local Currency

What is the purpose and standard usage of this field in the GL Account Master?

HI,
Indicator: Only Manage Balances in Local Currency
Indicates that balances are updated only in local currency when users post items to this account.
Use
You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
Setting this indicator for accounts managed on an open item basis affects the clearing procedures. See the example below.
Procedure
Set the indicator in cash discount clearing accounts and GR/IR clearing accounts. It cannot be set in reconciliation accounts for customers or vendors. Setting it in all other instances is optional.
It is usually set for particular balance sheet accounts including:
Accounts which are not managed on an open item basis and not kept in foreign currencies.
Accounts which are managed on an open item basis and have the same types of items posted in different currencies, but always allow clearing to be made if the local currency amounts correspond.
Examples
You set up a clearing account for goods receipts and invoice receipts and manually post these items to it. You post invoice receipts in the invoice currency and goods receipts always in the local currency.
Invoice receipt 1000 DEM 600 USD
Goods receipt 600 USD
Both items can be cleared if the clearing account balances are recorded in local currency only. If you have not set the indicator for this account, the system will translate DEM to USD during the clearing procedure in order to determine the amount in USD required to clear 1000 DEM. If the translation rate is .65 USD per DEM, then the system displays 650 USD for the invoice receipt and 600 USD for the goods receipt when the open items are processed.
This means that to clear both of these items, you will also have to enter a difference posting for 50 USD, and the system will automatically make an additional exchange rate difference posting for this amount.
Reg
Madhu M

VAT FX and local currency for UK

Sales invoices that are not in the local currency still need to record the VAT amount in local currency, and this amount needs to appear in the VAT report. This is currently an issue with the UK VAT authorities.Can some one give me lead about this FX issue of Europe VAT please ?
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What is the group currency and company code currency.
If the Company Code currency is GBP - all Finance documents will show the GBP amount, based on the values in the currency tables.

Different local currencies

Hi
Is it possible to post different currencies for LIV of intercompany posting . for Ex, Company A have USD as local currencies, and Company B have EUR. Company A wants to process LIV on behalf of Company B. We already maintained the Parallel currencies ,but we are gettng error different local currencies , Any body over come this .There are couple of OSS notes for 4.6c.4.7 but we need it for ECC6.0 Any help will be highly appreciated .
Thanks
Jeevan

Hi,
In general the inter company procurement will be like this.
The plant of one company code will place an order to the plant of other company code.The plant which supplies the material is called supplying plant and can have a differrant corrency.
If the currencies of the two company codes are differrant, while creating the PO system takes the conversion factor from the maintained settings and during the entry of the invoice which is sent by the supplying plant(here is the vendor) this will be proposed for FI entries.
How ever you can maintain the invoicing party in the vendor partner function so that you can entry the invoice against this vendor.Please note that this process is viable as long as you enter the invoice wrt a PO.This is the normal intercompany process.
Also if the question you put is with regard to intercompany prcurement process, the company code A can not process the invoice on behalf of the company code B. because one will be the vendor which will send the invoice and another will be the receiving , and enter the invoice sent by the supplier.
If this is not the process you expectt please eloborate your scenario so that you can have a good explanation.
Regards,

Help Needed: Enable local currency for Customer Invoicing

We are needing to enable local currency for customer invoicing on a project coming very soon. Does anyone have any information on the best way to get this done and/or documentation to look over? Any help would be greatly appreciated!!
Thank You in Advance!
Jay Esparza
SAP Functional Consultant

Hi
Local currency automatically gets activated as you set your company code currency.
No need to enable separately for customer invoicing
Plz assign points if it is helpful.
Regards
Tapan

Local currency missing

Hello,
Im testing a service contract but the following error is shown:
Pricing: Local currency missing
Message no. PRC_MESSAGES_EXT504
Diagnosis
A series of data, including the local currency, is required for pricing. However, this was not given when pricing was called.
Kind Regards

Hello,
Thanks,
In fact the problem was the sales organization, this was the place where the Local Currency was missing.
SAP Note 1294039 - Longtext missing local currency
After correcting the missing value, pricing determination was performed.
Kind Regards

Parallel currencies - alternative to local currency changeover to euro??

I would like to know if there are any alternatives to local currency changeover to euro?
Estonia will start using euro 1 January 2011 and we are helping an estonian company investigating alternativs to the euro changeover in SAP. I know that SAP has programs that can mange the conversion/changeover, but I would like to know the alternatives.
The company uses 2 parallel currencies today. The company code currency EEK (10) is the first local currency, the group currency (SEK) is the second local currency.
Is is possible to use the functionality of parallel currencies in OB22 in this case and set the EUR as hard currency (currency type 40)? Can this be done for a company already in production? Will we be able to see profit- and loss statements and balance sheets from day 1 after we have activated the new currency. Any problems with opens items?
Are the any other alternatives?
Could one stategy be to start at new company code with EUR as company code currency? I realize we have to copy the configuration and masterdata and transfer the balaces to the new company code. What other problems do you see with this alternative?
// Lotta
Edited by: Lotta Johansson on Oct 1, 2010 1:56 PM

Hi Paul,
There is no dual currency phase, I mean not in SAP (there is a mandatory dual pricing period from july 2008 to december 2009).
As of 01.01.2009, SKK will be replaced by EUR.
The swithover can be carried out as soon as the 2008 fiscal year books closing will be done in SAP.
Hope this helps.
Ben

Are the prices shown on Apple online stores the price actually paid or are these prices subject to extra local taxes..VAT or purchase tax etc

Are the prices shown on Apple online stores the price actually paid or are these prices subject to extra local taxes..VAT or purchase tax etc

Paul_31 wrote:
I think it varies. In the UK and France, for example, where I have purchased from the online store the prices included relevant taxes. I believe that in the USofA and perhaps some other countries that the price shown is net of tax because the tax rate varies from state to state.
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I'm sure someone will correct me if I'm wrong about the USA online store.
Correct Paul - in the USA, each State sets its own sales tax, so the tax is only calculated during checkout once you've entered shipping/billing information. Even within some states, some cities have their own sales tax rate (eg. New York State is 4% but New York City is 8.875%).

HT204411 are prices shown in local currency e.g. FJD ??

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