Company code currency (local currency type 10) different than the country currency

[former_member418516]

Hi,

SAP recommends to specify company code currency, currency type 10 same as country currency. This makes sense since most of the transactions in that country are carried out in the country currency.

However, if for a company code, majority of transactions are carried out in a currency different than the country currency is it advisable to specify a company code currency different than the country currency?

Technically, a company code currency can be any currency available in the system. However, from business side, for example for regulatory reporting, what will be the impact?

Specifically, should we set a company code currency EUR in Poland where PLN is a country currency?

Thanks,

Sanjay

[sanilbhandari]

Hi Sanjay

Ideally the company code currency should be the country currency. All the tax reports typically are required in local currency so recommended to have the country currency as company code currency. The legal requirements in Poland are a bit complex given the SAFT reporting which is applicable today and upcoming changes as well for e Invoicing.

Thanks & Regards

Sanil

[former_member418516]

Hi Salil,

Thank you so much for a very detailed reply which is exactly the information we need for making the decision. Really appreciate a very clear and direct reply to my question.

Regards,

Sanjay Wagh

[sanilbhandari]

Hi sanjay.wagh2

if your issue is resolved, please accept and close the question so that it is also useful for others.

Thanks & Regards

Sanil Bhandari