Currency Configuration Steps

[Former Member]

Hi All,

Any one please explain the detailed steps for currencies configuration steps.

Please also give me the link with screen shots if possible.

Thanks in advance.

[Former Member · Accepted solution]

what kind of currency configuration? because SAP has standard CURRENCIES created and configured.

[Former Member · Accepted solution]

Hi,

I have 2 company codes. 1st company code currency is USD and the 2nd company code currency is INR. I have cross company code transactions and clearing between these two company codes.

In the above scenario, what are the configuration steps required in currencies part and also exchange rates. Please explain in detail.

Thanks

[Former Member · Accepted solution]

The configuration steps here are:

1. Check whether the translation ratios are maintained between INR and USD for your exchange rate type (tcode OBBS)

2. For your company code configuration use the standard but define both company codes as "Company" as well

3. Do configurations in PREPARE CROSS COMPANY CODE TRANSACTIONS (tcode OBYA)

4. Maintain the exchange rate between INR and USD (tcode OB08)

[Former Member]

Hi,

Currency configuration steps:

1. Check Currency Codes - OBY3

2. Set Decimal Places for Currencies - OBY4

3. Check Exchange Rate Types - OB07

4. Enter Exchange Rates - OB08

5. Define Translation Ratios for Currency Translation - OBBS

6. Define Additional Local Currencies - OB22

7. Define Accounts for Exchange Rate Differences - OB09

Cross Company Code Clearing - Configuration steps

Make necessary settings in Transaction code: OBYA

Note: Your 1st and 2nd compnay codes should be assigned to the same company. That is both company codes defined under the same company name.

Hope it helps.

Regards,

Kannusamy S