Local currencies for company code RCPL cannot be completely determined

Dear all
how rectified below error
Local currencies for company code RCPL cannot be completely determined

HI,
You can Refer this Post
error message when i use f-02 transaction
Check the necessary setting with the help of FI consultant ( do not make any changes on your own)

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Material Ledger Additional local currencies for company code

Hi Expert,
I would like to add a second local currency in the "Additional local currencies for company code" in order to have 2 currencies available for material ledger. (Material ledger is not yet activated for this company code)
The second local currency must be the group one "30". Could you please tell me wich valuation I have to choose ? 0 1 or 2.
I went on the SAP library but I didn't find something clear. I tried 1 but I have an error message...
Thanks and regards

Hello,
I also recommend:
1442153   Transfer price valuation for material transfers
532932    FAQ: Valuation logic with active material ledger
1253944   Activating actual average moving price posting logic w/ ML
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Query on Additional Local Currencies for Company Code

Hi Experts,
Can I know whether there are any differences in the way SAP logic applies to the following currency types?
1. Hard currency 40
2. Index-based currency 50

Hi,
Yes I am aware that we can maintain 2 additional parallel currencies for company code.
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).
But, are there any differences in standard SAP logic between these currencies or it is the same?

Additional local currencies for company code

We are using company code currency INR -The clients wants additional currency USD as 2nd local currency--In OB22 the
2nd local currency -we want to give it to USD
2nd local currency is also by default system is showing INR-
and it is in grey field-how to enter USD for 2nd local currency-
for 2nd local currency we have given the following data:
currency type: 30 group currency
valuation 1 group valuation
exchange rate type: m
CO is active for this company code-
how to enter USD as 2nd local currency
regards
joseph

Hello Joseph,
Currency & valuation are considered as life blood of ERP systems as such those should be managed intelligently right from the day 1.
Additional currencies cannot be activated once the company code is live!
One needs to evaluate various options available, depending upon your requirements and system & solution landscape.
However due to hugh impact of such changes, it would be better to take the help of SAP SLO services.
Ambadas

Source currency in OB22 (Additional Local Currencies for Company Code)

Hi!
I'm setting up a third local currency for one of my company codes and the only source currency options I have are "Translation taking transaction currency as a basis" and "Translation taking first local currency as a basis". I need to have my third local currency translation basis be the second local currency (which is not an option). I've already set my company code currency and have done postings, so I cannot change that. Is there a way to add another source currency option?
Thanks!
Laura

Laura,
I don't think there is way to specify second local currency as a basis for translation. Only options 1 and 2 are available in OB22.

Transfer Pricing Utilizing Third Local Currency in Company Code?

I was wondering whether utilizing the third local currency under the "Additional Local Currencies for Company Code" section of the IMG would not allow you to use Supply Chain going forward because that third local currency must be saved for Transfer Pricing in PCA?
I ask because we have an Company Code that's local currency is EUR, and the group currency is USD. However, we also need this specific entity to report by GBP for consolidation with the UK entity. Let me know if you have any questions.

Exactly prakash, but is there a consequence by not using company code currency as the local if we want to produce reporting but with the hard currency ?
What is the difference between using "local" (used day to day) currency as company code currency and using it as hard currency ? Is there an issue to convert exchange rates to produce statutory reporting ?
I hope my question is clear.
Thanks a lot.

Change Local Currency For Company

Dear Expert
I Want to change local currency for company that already have a data.
So From 1996 - 2010 that company used local currency SGD. Now 2011 will be change to USD.
all previous data no need to change.
Can I just change local currency in T-code UCWB?
Thanks

Yes all previous data will remain the same and only the opening balances and onward have the new local currency.
Make the master data change as well as including the translation method in the balance carry forward task in the configuration (UCWB) before it is executed. This will cause the balance carry forward to translate the old LC to the new LC for the opening balances.

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

Local currency vs company code currency

Hi
Can company code currency is diff. from local currency ?
In 90 % cases co. code is always local ..
Thank you
Vedavatee

Exactly prakash, but is there a consequence by not using company code currency as the local if we want to produce reporting but with the hard currency ?
What is the difference between using "local" (used day to day) currency as company code currency and using it as hard currency ? Is there an issue to convert exchange rates to produce statutory reporting ?
I hope my question is clear.
Thanks a lot.

Change Local currency of Company Code

Hello experts,
We have a requirement to change the local currency of an existing Company Code. The Company code is fully operational with all the other modules and is active for about 7-8 years now. We are on version ECC 6.0. Can you please tell me how to go about this? I know its going to be a big activity, but can anyone explain / share the steps, process plans about this?
Thanks & Regards,
Sameer

Hi,
Please refer to the OSS note 316222:-
[https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=316222]
Also have a look at the master OSS note 120420:-
[https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=120420]
Regards,
Gaurav

Creation of currency for company code

Dear Experts ,
Kindly let me know the steps of how to create currency & make it available to assign it to company code.
Also Please let me know what needs to created first . Company code or controlling are ?
Regards
Keerthan Kumar

Hi Keerthan,
Please google before post a query on forums. Its a very basic question andhave many threads and SAP notes on this.
Did you ever try creating company code? Because, currency is already predefined by SAP and can be selected directly while creating com. code.
Also, creating of company code and cont, area depends upon the business requirement. Create Com code under the path:
Enterprise structure >Define > Financial Accounting >Edit, Copy, Delete, Check Com code.
Also, Con Area path is: Enterprise structure >Define > Controlling Area
BR, Srinivas Salpala

Alt. local curr. from company code AUTR is not maintained for prog RFUMSV20

Hi,
When running report S_ALR_87012377 getting error Alternative. Local currency from company code AUTR is not maintained for program RFUMSV20. We maintained all required settings.
Can you please help me it is urgent.
Thanks,
Sridhar Reddy.G

Is there an assignment for program RFUMSV00 and RFUMSV20 in the "Specify Alternative Local Currency for Sales/Purchase Tax Return" screen?
Cheers.

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

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.
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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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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Satya

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.

Local currencies for company code RCPL cannot be completely determined

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