Limit G/L Account to postings in Company Code currency

Hi,
In transaction code FSS0, it is possible to limit postings to specific currencies IF the chosen currency differ from the Company Code currency. Is it possible to limit postings to the Company Code currency only?
I am greatful for any help.
Thank you in advance...
Regards Naja

Hi ,
You can limit postings to the Company Code currency by activation the check box - In FSS0 Under control data Segement, Give your company code currency and activate the check box - only balance in local currency.
You would set this indicator for accounts in which you do not want the system to update transaction figures separately by currency.
Thanks
Goutam

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The system will allow the same ABA and bank account on two different company codes. However, if you use electronic bank statement (EBS) functionality (or plan to use it in the future), you will not be able to import bank statements for the account if it exists on two company codes. The EBS program uses the house bank/account ID tables to assign a company code to the bank statement. If the account exists for more than one company code, the program cannot assign a company code and it will give an error.
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I have created a new company code in system(copy an existing company code data). When I am going to a new chart of account to the new company code, system display an error message as follows:
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Message no. FC140
Diagnosis
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I think you have copied the co. code using Trcode , When you have copied the co code all the gl master records from the source co code is also coiped to to the target company code. these gl masters use the COA(Chart of accounts) used by the source co. code.
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If I have 2 company codes with different local currencies (SEK and NOK) in a common controlling area with SEK. How do I get the amounts in cost center accounting in company code currency NOK? Is this possible? I can only see reporting currency, object currency and transaction currency.
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Agneta

Hi,
If your CO objects for company code with NOK are set to NOK as well, you can use object currency.
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Eli

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Greetings all,
I am working on a project to activate the company code currency flag in COPA (attributes under KEA0). I have activated the flag in a test system and as expected I now get two PA docs, a 10 and a B0. The oddity begins when I compare PA docs created from SD and FI. In my example I am creating documents in three different currencies; 1) transaction curr = SEK, 2) company curr = EUR, and 3) operating concern curr = USD. I am on ECC 6.0 EP 4.
If I create a PA from a billing document (record type F) then the data looks exactly as I expect it. The foreign currency key (FRWAE) is SEK. I can see the transaction currency is SEK with value fields in SEK, I can see the company currency is EUR with an exchange rate of SEK <-> EUR along with value fields in EUR, and I can see the operating concern currency is USD with an exchange rate of SEK <-> USD along with value fields in USD.
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Chris

Hi,
CO-PA will only store values in either operating concern currency or company code currency(if active). For FI postings CO-PA fills the field foreign currency in the CO-PA line item with the currency with the currency of the company code. The reason for this is that the currency conversion for FI documents is that the currency conversion for FI documents is executed with the
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In case of direct postings from FI/MM CO-PA takes over group currency directly if group and operating concern currency are identical. As group currency is translated in FI with exchange rate ( according the settings in transaction 'OB22' for company code) you'll find this exchange rate in CO-PA too. I have attached SAP Note 604936 to this ticket that describes the translation logic used in PA for postings from FI and MM.
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Hope this will help.
Best regards, Takashi
Edited by: Takashi Kotani on Mar 6, 2010 2:24 AM

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.
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Thanks all,
I have checked that both 1st local currency (company code currency) and 2nd local currency (group currency) are USD.
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We have the below requirement from our client.
Company is incorporated in Switzerland and is having a plant in Hungary.
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Requirement: VAT report generation in currency HUF for the Hungarian company code. While accounting should consider the European bank rates for converting foreign currency Invoices into EUR, the VAT report should consider the Hungarian Bank Rates for converting all Invoices into HUF. This conversion should be on daily rates for all the invoices.
There is an option to activate report generation in an Alternative currency (RFASLD15). However, the translation is made on a fixed translation date to be given in the report selection criteria.
Any suggestions to meet the requirement would be of great help to us.
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Hema

Hema,
Please activate hard currency(Local currency 3) as HUF, so that you can have transaction amounts in HUF also eventhough your company code currency is EUR.
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Here you have to capture BSEG-DMBE3 value as per your requirement.
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I need to define in the WBS element "Requesting cost center field" in (CJ20N tcode) the cost center with different currency and controlling area, howerver the system does not allow and the follow message was showed "CJ718 - Currency in requesting company code must be company code currency".
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We have a scenario of changing the company code currency. We have an option here.
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Asokan,
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Sir,
There is 2 companis one in India and one in USA as such the currency diffence is coming and the error comes as :-
company code currency is different to the FM area currency
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Also Not able to do the Cost Centre budget upload in KP06

Hi,
if both company codes have to be assigned to the same FM Area (which I guess is your scenario), you should define at company code level at least one currency matching the one defined in the FM Area.
Check the online help:
[http://help.sap.com/saphelp_erp60_sp/helpdata/en/f0/ca5716260211d28a430000e829fbbd/frameset.htm]
Within 'Master data -> Enterprise Structure - Organizational Units ->Organizational Structures - Assignments ':
The FM area is derived from the Financial Accounting organizational unit, the Company Code by assigning the company code relevant for Funds Management in your organization to an FM area. One or more company codes can be assigned to an FM area.
With this assignment, you must note that the currency of each company code assigned to the FM area must match the FM area currency.
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You define the additional local currencies in the Customizing of Financial Accounting in IMG activity Define Additional Local Currencies and of Funds Management Government in IMG activity Make Other Settings.
hope this helps
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Mar

Company code currency and Report currency

Hello Experts,
Below are my scenario
We have 8 different legal entities with 4 different country ( same business )
Here 4 different country with four fiscal year variant and also 4 chart of account   so my controlling area also 4
My report Requirements as
1.    Here each and every report I want company code currency and also report currency as USD
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2.     In controlling area we have currency setting where what type shall I select it
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Thanks & Regards
Venkat Sri

Hi VS
1. Since you have separate controlling area for each country - You can have Currency Type as 10 - Comp Code Currency...
Ensure that any company code you add under this controlling area will have to have the same currency
2. You can have currency type as 20 incase you feel there can be company codes with different currencies under the same controlling area
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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.
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Can you pls advice.
Thanks

Hi
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…
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Sowmya

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Hi All,
We have a requirement to develop a Cost Center Report with Company Code, Account Number and Amount in Company Code Curreny.
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Is there a way to get Cost Center data in Company Code curreny.
Please advice.
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Satish

Hi,
   In CO, you specify in the year-dependent settings for the controlling area (Transaction OKKP) whether you want to use one or more currencies (flag "All currencies", TKA00-ALLEW).
If you decided to use one currency only, all documents are only managed in CO area currency.
If you decided to use several currencies, the following three currencies are managed in CO:
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Waman

COPA-Company Code Currency

Hi,
In CO-PA, we have operating concern, say abcd, having operating concern currency, say KD. Now, we have activated company code currency, say AD using T.Code KEA0. Now, our requirement is that if we run T.code KE30, we need report in operating concern currency and company code currency. Presently, we are getting the report in Operating Concern currency only. Any clue...
Thanks in advance.
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Ganesh

Hi
CO-PA supports the following currency types:
B0 (operating concern currency)
10 (company code currency)
When To Use Multiple Currencies
The answer to this question is demonstrated in the following example.
An international corporation has its headquarters in the United States and has a subsidiary in the UK. The operating concern currency is the U.S. dollar, while the company code currency of the subsidiary is the British pound.
If this organization uses parallel currencies in CO-PA, all transactions carried out by the British subsidiary are posted in British pounds in Financial Accounting (FI), but stored in two currencies in CO-PA - pounds and dollars. Both of these currencies are updated simultaneously in CO-PA when each transaction is posted.
It makes sense to use both currencies when the organization carries out transactions in currencies whose exchange rates change daily (such as US dollars and British pounds). This helps you avoid exchange rate differences and makes it possible to reconcile the CO-PA data with that in FI.
You can plan in CO-PA in either the company code currency or the operating concern currency in each version. You can convert your planning data to the other currency by copying the data to a plan version that uses the other currency and translating it using a planned exchange rate.
In the information system, you can display reports in the operating concern currency as well as in the company code currency.
When Not To Use Multiple Currencies
If your organization works with average exchange rates by period instead of exchange rates that fluctuate daily, it is advisable not to update both currencies. If you did, you would be doubling your data volume without gaining any additional information. Alternative currency translation functions are available in planning and in the information system to let you translate all values using average exchange rates by period.

Impacts of new company code currency

Hi Gurus,
We have a company code which is setup 2 months back. We have it setup with USD and this company code is assigend to a controlling area in one -one basis. So it should be fine . But now business want to change the CCode currency. All G/L and master data is created with USD. What would be the impacts if we change currency of master data also into new currency? We have no New-GL . We used special ldgers but just for a specific activity.
Any thoughts ?
Thanks,
GB

Hi GB,
If there is no transaction data posted in your company code then you can change the company code currency and in GL Mater data. But if transaction data is already been posted then its better to create new company code with new GL Master data and currency setting and upload transaction data posted in last two months.
Regards,
Santosh

Limit G/L Account to postings in Company Code currency

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