Local Currency Changeover (FI-GL) (New) 

Use

In New General Ledger Accounting, you can change your local currencies to the euro. For more information, see the general documentation for Local Currency Changeover.

Prerequisites

You find these reports in Customizing for Cross-Application Components once you have activated New General Ledger Accounting.

Features

Translating local currency amounts can lead to rounding differences, which can mean that the converted currency amounts for each document do not produce a balance of zero. This is corrected automatically with the insertion of a correction document item with an account assignment relevant to general ledger accounting. These processes are run automatically for all phases of the local currency changeover.

If you migrate data from classic General Ledger Accounting into New General Ledger Accounting, note that you do not perform the euro changeover in the year of the migration. Clear all migrated open items in the migration year and perform the local currency changeover in the year following the migration. Consequently, in the year in which you then perform the local currency changeover, you no longer have any open items prior to the migration event.

Activities

You find the programs for the local currency changeover in the Implementation Guide for Cross-Application Components under European Monetary Union: Euro ®Local Currency Changeover.

See the important notes in the general documentation and in the documentation of the IMG activities.