on 02-21-2008 7:23 PM
Hi Experts,
Currently we are in process of setting up the enterprise structure. And we are trying to decide which currency type to be used for Controllign Area? 20- Controlling Area Currency and 30- Group Currency.
We have company codes with different company code currency keys i.e. USD / EUR and others. We would like to avoid using group currency if feasible. But one of the SAP note says that if we use 20 - Controlling Area currency, it may pose problem if there are transactional data flowing from CO to FI i.e. Order settlement.
Your inputs on this aspect are welcome and appreciated.
Many thanks.
With Regards,
Chirag
Hi,
U have to go with the head office currency. head Quarters based currency.
because Quarters will be used the controlling ares more then any others countrys.
more over this will be your hard currency.
and any exchange rate will be flowing from FI only .
there is no exchange reate defined at the controlling area.
hope it is clear hope this is clear assign some points.
with regards
krishna
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Hi,
that is true.. We will be setting up USD as CO Area currency in case of currency type 20.
If we set it up as 30, the group currency in FI will be also USD.
But, client does not want to set up group currency in FI unless it is inevitable. So, we are left with choice of currency type 20. SAP note says that if there is any transaction for which value flows from CO to FI, currency type 20 may not be suitable.
I am looking for pros and cons for currency type 20 and 30. it will be USD in any of the case.
With Regards,
Chirag
HI Chirag,
In FI/CO different modules interact with each and post data. The pros and cons of using currency type '20' or '30' is primarily based on this cross module transfer of data.
If you decide to use currency type '20' as controlling area currency, then any transfer from CO to FI module will have a problem as FI will not be able to map currency type '20' in FI Module. Currency type '20' only exists in CO. The transfer may be because of Order setllement as you mentioned or some other process (may include reconciliation ledger as well).
Currency Type '30' is provided in FI to capture values in Group currency (in your case USD). It is not necessary that you have to necessarily use currency type '30' for reporting purposes as well if you have different requirements. However, using currency type '30' as CO area currency provides seamless integration between CO and FI.
Hope this hepls answer your query.
Regards
Akhilesh
Hi,
for general information about deciding between currency type 20 or 30 please read SAP notes 314936 and especially 119428 (!!!)
Best regards,
Andreas
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