cancel
Showing results for 
Search instead for 
Did you mean: 

Venezuela Currency Changeover

Former Member
0 Kudos

Hi Group

I hope by this time everyone would be aware about Venezuela is changing Legal Currency and those companies have Venezuelean Entity have to go through Currency Changeover Activities.

I want to discuss which solution is better.

1. New Company Code with new currency

2. Existing Company Code with Currency changeover

Which is less painful? Appreciate your suggestions..

Regards,

Amit

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi,

There are some OSS Notes on currency changeover. In Singapore, there was a change for reporting purpose recently. According to that, reporting should be made in a currency in which the majority of the transactions are done.

Further in ECC 5.0 version, in IMG there is a node Local currency changeover. It is in > IMG > Cross Application Components > Local Currency Changeover.

I have not worked on this but this may be helpful.

In one of the projects, we created a new Company Code with a new Company Code currency. The entire configuration we have replicated and on the cut off date we did data conversion - GL Closing Balances / Customer open items / Vendor Open Items / Open PO's etc. The reason this approach is taken is basically not to disturb the past transaction data.

Thanks

Murali.