Multi currency set up

Hi Experts ,
I am planning to implement multi currency (use of exchange rate )for existing client that have  used SAP B1 functionality with out multicurrency .
I have tested some of the issues so far i am ware of the problem that existing BP cannot be used for multi currency as they have already transacation associated with it .
What other implication /complication are there ? Please share your experience in this
Thank you
Bishal
Edited by: BIshal Adhikari on May 21, 2010 2:47 PM

Hi Bishal.
Most of our customers have the multi currency option available.
Where bank accounts are held in FC, these need to be set in their single currency, otherwise reconciliation becomes difficult, but the accounts in local currency should be left as mulit to enable transactions to be completed between accounts.
The Exchange rate differences routine should be run on BP for reporting, take care how it is applied on GL accounts though.
Incoming & outgoing payments should have the actual rate applied when processing so the differences can be shown as realised at the time.
That's all I can think of that we have come across...

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