Local Currency Changeover - Implications

Hi,
A company code has the local currency now as USD but it wants to change the local currency to South African Rand.
What are the steps for making this currency changeover from USD to SA Rand?
What are the repercussions/implications if the local currency is changed?
What are the preparations required prior to local currency changeover?
Have any of you worked in such a scenario? What the pit-falls to watch for?
Any help in this matter is greatly appreciated.
Thanks.

Hi Sanjay,
It is a big question. One that can be answered only after a careful analysis. I will suggest you to get a good understanding of what needs to be done.
Are you prepared to start a new company code / chart of accounts and import open items & balances as on a cut off date?
If yes, I will suggest to create a new client & perform that exercise else only SAP technical team can help you.
Kindly reply for further clarifications. Award points if the answer was helpful.
Regards,
Siva

Similar Messages

Local Currency Changeover in Hungary - Effort Estimation

My customer is planning to migrate currency from HUF to EURO. Due to the legal requirements, EURO should be effective as of Jan 1st, 2016. 1. I am wondering how much efforts will be required to implement this? One month? Two months? 2. Looking at SAP Help documentation, it looks like it changes all the historical financial documents also. Is it required by the law? Or is it possible to add an local currency (Group Currency, or Hard Currency type for example), and display EURO starting from Jan 1st, 2016? 3. Local Currency Changeover functionality - Does it impact all the Companies in the same Client? I don't believe so, but I would like someone to confirm. 4. In addition to SAP Help document, is there anyone who can share documents created from the real project? Thanks, Sungyun

Hi,
did u get a chance to look at this link :
http://help.sap.com/saphelp_nw04/helpdata/en/33/90327667c111d1a5270000e835329b/frameset.htm

Local Currency changeover steps

Hi,
We have one requirement from customer that they want to reimplement/migrate <b>to new company code from existing company code with new local currency</b>.
Does anybody have any documentation as to what are the high level steps involved in doing so. Your help would be highly appreciated.
Thanks in advance
Suresh CS

Hi Suresh
If you have any document or steps for Local Currency changeover please share with me.
Thanks
Chandra

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

Balance on local currency

Hi ,
In FS00 in control data Tab ,Balance in local currency and Open item managment , What is purpose of this and what happens if we tick what happens if we dont tick that
regards,
Santosh kumar

Hi
Use
The local currency amounts in FI and TR-TM-SE are converted independently of each other. Since the local currency amounts are converted at different summarization levels (at flow level in TR-TM-SE, for the document or account transaction figures in FI), there may be rounding differences when you compare TR-LO and FI resulting from the local currency changeover.
In FI documents, the system clears any difference between the debit and credit sides after the local currency changeover by means of an additional posting item. This posting item does not exist in TR-TM-SE. This may lead to different balances in TR-TM-SE and FI.
cya
udayakumar

FNM3 Balance in local currency F5 703

Hi Support Team,
When I try to reversal a Loan documento the system show the message F5 703 Balance in local currency. I 've been looking for oss notes but there is nothing to this component about the issue.
Before to write any note i want to know if someone could be help me
Thansk a lot
Andrea

Hi Paula,
Not sure in which version of SAP you are, but kindly check the below notes
Note 161335 - Balance when reversing local currency loan
Note 500581 - STO/MAB:terminations after local currency changeover
Thanks
Aravind

Local Currency changover to Euro

Dear all,
I have a question regarding local currency changeover. Client using SAP fro more than 6 years and having multiple company codes in the system. Now on 01.01.2009 company code in Slovakia joining Euro Monetary Union (EMU) and for this they want to changeover the local currency from SKK - Slovakian Koruna to EUR - Euro. I gone through some of the OSS notes e.g. 1038292, 1113189 etc., but I want to know the approach, system setup related activities, processes and do and donu2019ts in this process etc. Can anybody guide me on this.
Waiting for your reply.
Thanks
Parag

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

Currency changeover

Hi All,
we are planning for local currency changeover to EUR.In our scenario, the operating concern currency is EUR and the company code currency is LVL.So during changeover the company code currency will change. I would like to know if there is any impact on operating concern currency or it will be left untouched.
Appreciate quick response.
Thanks
Chintu

Have a look to SAP note's there is one for Currency changeover for Slovakia.
In config you have to follow the steps to do this, there you found documentation what to do: (Cross-Application Components / European Monetary Union: Euro)
For testing you need to have a copy from your production system and to do there 1 ore more tests. When you have errors in the conversion then you solve it in the prodcuction system make a new copy and start again testing in your test system.
How many work it is is dependend from the quality from your date in your system and the moduls you are using.
In our system we started on 01-01-2009 to use in documents only EURO'S. (was only not possible for asset accounting) and in July we did the data base conversion.
2 Months is possible I think but it is a lot of work.
I don't understand the reason way you start now with this, we started already last year in July with the preparation.

New additional local currency in a productive system

Dear all,
Has anyone added a new local currency for a company code that has transactional data?
We basically have one Irish company code that was set up with GBP as local currency code because it is at the moment part of a British company (it is not a legal entity itself). But we would now to be able to hold our Balance Sheet and P&L in EUR (which is in any case the document currency for most transactional data), especially looking at a future split of both entities.
I understand that it is possible to add a second local currency (EUR set up as currency type 40 or 50 for example) even though there is transactional data in the system, but what are the implications? Can this only be done at year end or could we use any period end to start using this second currency? Would we necessarily need to convert all historical data to this second currency as well?
Many thanks

Hi Chirag, thanks for your response. I had had a look to that note already but it does not seem to give a clear answer since it recommends to contact the SAP SLO group to get an assessment (and quotation) of the work to be done.
I believe now that we need to decide whether to add a second local currency (EUR) to the existing company code or create a new company code with the correct currency settings and then migrate the old one into the new one. I am not sure how easy this sort of "migration" within the same SAP system is. We need to assess the costs and benefits of both options before we can take a decision.
Any opinions on this are greatly appreciated.

Currency changeover for Slovakia

Hi All,
Will anyone be able to guide me what all steps have to be followed to take up my new project for Currency changeover to EURO(for Slovakia).
Slovakia has entered the European union effective 1st Jan'2009. With this the local currency has to be changed to EURO.
As per the Slovak government, local currency should appear in all documents for another 2 months from now.
I have been able to find a couple of notes released by SAP for the same.
Also, I could see that SAP is selling a package for such kind of chageovers.
will it be ok to go with the implementation of notes or will it be required to buy such package.
In either cases, may I know what all steps will be covered in this project.
Your tips and experienced answers may enable me to work on the project much efficiently.
Thanks & regards
Dilip
91-9920845568

Have a look to SAP note's there is one for Currency changeover for Slovakia.
In config you have to follow the steps to do this, there you found documentation what to do: (Cross-Application Components / European Monetary Union: Euro)
For testing you need to have a copy from your production system and to do there 1 ore more tests. When you have errors in the conversion then you solve it in the prodcuction system make a new copy and start again testing in your test system.
How many work it is is dependend from the quality from your date in your system and the moduls you are using.
In our system we started on 01-01-2009 to use in documents only EURO'S. (was only not possible for asset accounting) and in July we did the data base conversion.
2 Months is possible I think but it is a lot of work.
I don't understand the reason way you start now with this, we started already last year in July with the preparation.

Calculating local currency based on document date in goods receipt

We have a requirement in Poland that the local currency PLN should be calculated based on the document date when doing goods receipt, and not standard SAP posting date. I can only find note 619330 according to this requirement, but this note requires use of material ledger which we are not using. We have implemented note 574583 for the same requirement in transaction MIRO.
Since there are no notes from SAP according to the requirement in transaction MIGO, are there any enhancements available for using the document date instead for posting date when calculating local currency?
Best regards,
Terje

substitution used

S_ALR_87012247 - Customer Balances and Line Items in Local Currency

Hi All,
This report S_ALR_87012247 - Customer Balances and Line Items in Local Currency is not displaying line items for customers in ECC6. Is there any configuration required to get the line items? Please help
Thanks
Sridevi

If you see this report S_ALR_87009950, you will get
Opening Balance at the start of fiscal year
Debits and Credit during the reporting period
and the Cumulative Balance.
Please note the above report will not give you line item details.
S_ALR_87012247 report is specifically for poland, in the description it is mentioned that the line items will be displayed, unfortunately, for other countries, there are no line items visible. Therefore, you may explore the possibility of copying this report and changing the code in order to bring the line items along with the totals.

Difference between GR IR amount in local currency

Hi all,
I hav created one PO in foreign currency for 10 items. GR is happening for all 10 lines with rate say Rs 50. Now when i am doing MIRO with same rate i.e. Rs 50, 8 materials are getting posted correctly. But for 2 materials there is inventory posting for fixed amount (in local currency) irrespective of quantty.this case amount in foreign currency is same but dieefernce for GR/IR account is in local currency.
When line items analysed it was observed that fo these 2 materials exchange rate picked up is different than header exchange rate. the difference in exchange rate is posted to stock account.
In short system icking differen xchange rate for different line items for one invoice ( MIRO is happening against only one invoice)
Can any one please explai this phenomena and any solution for this?
thanks

Hi
Header exchange rate picked up at time of PO creation with reference to document date in header.
If you fix exchange rate then it will be same for all items in purchase order.
In your case if exchange rate is different then check whether you have done goods receipt in two lots (say 8 items first and then 2 items) with different posting dates. Check accounting documents generated and in that document check translation dates for checking exchange rate in OB08 transaction.
And in invoice what is the currency you are using - if you do not use any special currency (foreign) then PO currency will be picked up. If exchange rate fixed indicator is not there in PO - depending upon system baseline date (posting date) exchange rate will be coming.
Thanks

Invoice payment other than local currency

Company code currecny is INR
Invoice booked in foriegn currency i.e. document currency EUR 100 and converted to local currency 1000 (inr)
Making the payment in INR in 1000 (INR) against EUR invoice posted, now the vendor will be cleared in local currency and no open items, balances will '0'
But the problem is amount in the doc currency balances will show two difference amounts 1000 INR and 100 EUR.
Is there are any specific settings where we can the knock off the balance lying in the document currency and balances should show '0'.
Regards,
Krishna.

You can clear the vendor using F-44 mentioning clearing currency on the selection screen as INR.
Regards,
Gaurav

F.13 automatic clearing G/L Account in Amount in Local Currency

Hi gurus:
I need a lot of help with t-code F.13.
I need clearing a lot of line items in one GL Account. every one has the same Assignment Number and has in local currency (CLP), but one of them is in USD.
When i call the transaction, I fill the follow fields, but the system doesn't clear the items and shows follow message "B No clearing (difference too large)" .
Company code                    CMF
Fiscal year                     2009
Assignment                      2009
Select GL Accounts        X
G/L accounts                    21070016
Clearing date                   30.06.2010
Clearing Currency               CLP
Permit individual line items   X
Include Suppl Account Assign X
I tried with the follow configuration in OB74
S     21070016     21070016     ZUONR     DMBTR
But system cleared certain items, not everything.
¿How can I do a automatic clearing when i have documents with differents document currency? ¿Is it posible to do a residual items from F.13?
Greetings and anticipated thanks
Marco

Hello Raj:
Thanks for your reply. Look, the difference that I found between both t-codes is the field: Clearing Currency.
I've executed many times with that field empty and CLP. But the result is the same "No clearing procedures were carried out".
Also I've tried with different combinations of this checks:
F124BVK - Special Processing (Clearing Currency from Assignment Field) (I dont know how to configure this)
F124ALW - Expiring Currencies
F124TOLEB - Consider a Single Line Item for Tolerances
F124NKON - Include Supplementary Account Assignment
What can I do now?
Thanks a lot
Marco

Local Currency Changeover - Implications

Similar Messages

Maybe you are looking for