topic Local & Document Currency in Application Development and Automation Discussions

Local & Document Currency

Former Member — Tue, 19 Feb 2008 09:50:41 GMT

Dear All,

Could anyone explain me about, waht is difference between Amount in Local Currancy and Document Currency?

Looking for reply ASAP.

Thanks in advance.

Best Regards,

Prasad

Re: Local & Document Currency

Former Member — Tue, 19 Feb 2008 09:55:09 GMT

The R/3 System distinguishes between the transaction currency (entry currency) and the local currency (ledger currency). The transaction currency is the currency in which a transaction, such as posting an incoming invoice, is entered. The amount entered in transaction currency is then translated into the local currency and both amounts are stored in the document. This means you can always make reference to the business partner’s currency when sending correspondence such as payment reminders. You can therefore enter business transactions in national currency in the R/3 System even after the changeover to the euro. This corresponds to a foreign currency transaction with the only difference being that the euro has fixed exchange rates. Before changing over the ledger currency to the euro, the euro is managed as a foreign currency. Between the changeover and the end of the dual currency phase, the national currency will appear as a foreign currency.

Thanks

Vasudha

<REMOVED BY MODERATOR>

Edited by: Alvaro Tejada Galindo on Feb 19, 2008 6:11 PM

Re: Local & Document Currency

Former Member — Tue, 19 Feb 2008 10:02:16 GMT

Refer this for converting currency from one to another

http://www.sapdev.co.uk/country/country_curr.htm

DATA: gd_fcurr TYPE tcurr-fcurr,
      gd_tcurr TYPE tcurr-tcurr,
      gd_date  TYPE sy-datum,
      gd_value TYPE i.

gd_fcurr = 'EUR'.
gd_tcurr = 'GBP'.
gd_date  = sy-datum.
gd_value = 10.

PERFORM currency_conversion USING gd_fcurr
                                  gd_tcurr
                                  gd_date
                         CHANGING gd_value.



* Convert value to Currency value
*&---------------------------------------------------------------------*
*&      Form  currency_conversion
*&---------------------------------------------------------------------*
*       text
*----------------------------------------------------------------------*
*      -->P_GD_FCURR  text
*      -->P_GD_TCURR  text
*      -->P_GD_DATE   text
*      <--P_GD_VALUE  text
*----------------------------------------------------------------------*
FORM currency_conversion  USING    p_fcurr
                                   p_tcurr
                                   p_date
                          CHANGING p_value.

  DATA: t_er        TYPE tcurr-ukurs,
        t_ff        TYPE tcurr-ffact,
        t_lf        TYPE tcurr-tfact,
        t_vfd       TYPE datum,
        ld_erate(12)   TYPE c.

  CALL FUNCTION 'READ_EXCHANGE_RATE'
    EXPORTING
*       CLIENT                  = SY-MANDT
      date                    = p_date
      foreign_currency        = p_fcurr
      local_currency          = p_tcurr
      TYPE_OF_RATE            = 'M'
*       EXACT_DATE              = ' '
   IMPORTING
      exchange_rate           = t_er
      foreign_factor          = t_ff
      local_factor            = t_lf
      valid_from_date         = t_vfd
*       DERIVED_RATE_TYPE       =
*       FIXED_RATE              =
*       OLDEST_RATE_FROM        =
   EXCEPTIONS
     no_rate_found           = 1
     no_factors_found        = 2
     no_spread_found         = 3
     derived_2_times         = 4
     overflow                = 5
     zero_rate               = 6
     OTHERS                  = 7
            .
  IF sy-subrc EQ 0.
    ld_erate = t_er / ( t_ff / t_lf ).
    p_value = p_value * ld_erate.
  ENDIF.
ENDFORM.                    " currency_conversion

Re: Local & Document Currency

sachin_mathapati — Tue, 19 Feb 2008 10:46:27 GMT

Hi prasad,

Document Currency :(VBAK-WAERK)

The system proposes the document currency from the customer master record of the sold-to party. You can change the currency manually in the document. If you change the currency, the system recalculates prices for the entire document.

Local Currency -

The currency of a company code (country currency) in which the local ledgers are managed.

<REMOVED BY MODERATOR>

Regards,

Sachin M M

Edited by: Alvaro Tejada Galindo on Feb 19, 2008 6:13 PM

Re: Local & Document Currency

Former Member — Thu, 10 Mar 2011 14:58:40 GMT

This message was moderated.