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?

Similar Messages

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    Hello experts,
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    Hi,
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  • Creation of currency for company code

    Dear Experts ,
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  • Alt. local curr. from company code AUTR is not maintained for prog RFUMSV20

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  • Define additional local currencies

    Hello:
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    Hi shalini,
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  • Additional Local Currencies!

    Hello All SAP Gurus,
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    Kavitha,
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  • Additional local currency

    Hi,
    I need to set Additional local currency as 30 USD and 40 as EUR. Where i need to maitain this?
    govind.

    Hi,
    I am getting the following entry while posting one expenses in f-02
    Ledger is not created for currency type 40 and valuation 0
    Message no. GI814
    Diagnosis
    You activated (in FI-SL customizing) currency and valuation type 40 in company code 1000.  In order to store the required data in the general ledger, you have to create a ledger that stores currency 40 with valuation 0 (0 = legal valuation, 1 = group valuation, 2 = profit center evaluation).
    System Response
    The posting is terminated.
    Procedure
    Create a ledger which stores currency type 40 with valuation 0.
    Execute function
    govind.

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