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Local currency vs company code currency

Former Member
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Hi

Can company code currency is diff. from local currency ?

In 90 % cases co. code is always local ..

Thank you

Vedavatee

Accepted Solutions (0)

Answers (5)

Answers (5)

Former Member
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This message was moderated.

Former Member
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Exactly prakash, but is there a consequence by not using company code currency as the local if we want to produce reporting but with the hard currency ?

What is the difference between using "local" (used day to day) currency as company code currency and using it as hard currency ? Is there an issue to convert exchange rates to produce statutory reporting ?

I hope my question is clear.

Thanks a lot.

Former Member
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Hi

Comp code currency is local currency,but some situations like European countries will have local currency and reporting currency .

regards

prakash

former_member220489
Active Contributor
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A Currency, which is in use for day 2 day transactions in a country is known as Local Currency, where as when defening the company code in SAP, mostly we use the same LC as company code currency. But it can differ anyway depends on the business requirement for the company.

Former Member
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hi

you are correct. company code currency is always the local currency. its very very rare with different currencies