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Assign Currency
Types to Material Ledger Type
In this step, you create
material ledger types and allocate up to three
currency types to each of these material ledger
types.
Standard
Settings
The standard system contains the material
ledger type 0000, which uses currency types from
Accounting.
Activities
1. Specify
which currency types you want to use for the respective material ledger
type.
2. If you
require material ledger types with other currency types, choose the function
New entries .
3. Enter a
four-digit identification code in the field ML type.
The first character of this identification code must be a letter.
4. Specify
which currency types you want to use for the respective material ledger type.
You have the following options:
- If you want to use the currency types that are
defined in Financial Accounting, you set the indicator Currency
types from Financial Accounting. In this case, the currency
types are automatically derived from Financial Accounting. This setting is
covered by the material ledger type 0000 in the
standard system.
- If you want to use currency types defined in
the currency and valuation profile, set the indicator Currency
types from CO. In this case, the currency types are derived
automatically from the currency and valuation profiles.
- If you want to use a combination of the
currency types from both Controlling and Financial Accounting, set the
indicator Currency types from FI and
Currency types from CO. In this case, you must check the
settings manually:
Check Material Ledger Settings
- If you want to use other currency types, set
the Manual indicator and select Define
individual characteristics. As well as the currency type for the
company code currency, you can enter ( up to 10)
more currency types.
5. Save your
entries.
Further
Notes
Before converting data for
production startup, make sure that the currency settings in Financial
Accounting and in the Material Ledger are correct. You cannot
change the currencies, currency types and material ledger types after
production startup.
In Customizing for Financial Accounting, you
can display the currency types that belong to a certain company code.
Define
Additional Local Currencies.
In the currency and valuation profile, you can
display the currency types that belong to a particular controlling area.
Recommendation
To ensure that information is consistent across
Materials Management, Financial Accounting and Controlling, ensure that the
group currency is used as the
controlling area currency