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currency at plant level

Former Member
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We have one plant in UK and five plants in USA.All these palnts are assigned to one company code and company code currencies is "USD" now we want to use GBP currency for the plant in UK.

What are possible option available to use GBP currency instead of USD.

One option is create new comapny code and assign the plant in UK to it.But the problem is lot of interafacse are in use and it is very big job.other than this what are the other possible options.

Thank you.

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Answers (2)

Answers (2)

Former Member
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i think the plants abroad functionality is used to have tax calculations as per country th palnt is existing .

The requirement is to use different currency for a particular plant,is it posisble to use different currency with palnt abroad functionality.

How it is possible and what are setting required?

Thank you.

Former Member
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Please read the help file on Plants Abroad functionality

Activate Plants Abroad

This function lets you do your tax returns for plants in foreign countries without having to create a separate company code for these plants.

Note

If you activate this function, you will have to make various tax settings again and may have to make a number of changes to the old settings.

Requirements

Plants abroad cannot be actual plant locations in foreign countries.

Activities

1. Activate the Plants abroad function by selecting Plants abroad active.

Some new fields become activated once you set this function. You enter them in the following activities:

1. In the Define Countries activity in the Global Settings IMG, you have to enter:

Country currency for the tax return

Exchange rate type (usually "M")

Indicators for the tax base and cash discount base

2. In the Define Tax Codes for Sales and Purchases activity, you have to enter the Reporting country for the tax codes by choosing Properties.

3. You make the remaining settings in the Define VAT Registration Numbers for Plants Abroad activity.

Note

Former Member
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Dont create a new company code.

Use Plants abroad functionality of SAP, SPRO -> FI -> Tax on sales -> Plants abroad