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How is group currency defined in SAP?
2 Answers. PRO → Financial Accounting → Financial Accounting Global Settings → Multiple Currencies → Define additional local currencies. Under the above node for each of your company code, define group currency (type 30) in the second tab.
Where is Group currency defined in SAP?
Group Currency. The group currency is defined at a level in table T000-WAERS, therefore, the group currency is the same for all company codes which are defined in the SAP installation.
How many types of currency are there in SAP?
In SAP, we can maintain one base currency and two parallel currencies, it means three currencies. In FI documents, we can take four currencies including the transaction currency.
What is Group currency and hard currency in SAP?
hard currency is selected, the document is automatically updated in the local currency and the hard currency. The config for hard currency is done at the country level. Group Currency — Group currencies are defined at the client level in table T000. Group currencies are used to enable.
How do you check currency in SAP?
Step 1) Enter transaction code OB07 in the SAP command field and enter. Step 2) On change view currency translation exchange rate types overview screen, list of exchange rate types displays with details of reference currency, buying rate and selling rate.
What is index based currency?
As you may well know, an index-based currency is a country-specific fictitious currency (and FX rate) that is required in some countries that tend to experience high inflation. This is typically used for external reporting purposes (tax returns, e.g.).
What is SAP Group currency?
Group Currency — Group currencies are defined at the client level in table T000. Group currencies are used to enable. Cross-company postings in controlling for company codes that use different company code currencies.
What are the currency types in SAP?
In SAP, we have 5 different kinds of currencies as explained below. Company code currency: The currency in which a company code is configured. Group currency: The currency is assigned at the client level. Hard currency: The currency which is assigned at the country level.
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