Show TOC

 Foreign Currency Postings

Prerequisites

You have made the required settings in Customizing and defined the currency keys and exchange rate specifications (see the IMG structure: Start of the navigation path Global Next navigation step Settings Next navigation step Currencies End of the navigation path ).

You have defined in the user settings whether:

  • The amounts are to be entered in document currency only. The local currency fields are then hidden during document entry.

  • Documents can be entered in currencies other than the company code currency.

Note Note

  You can check your user settings with the following paths:

End of the note.

  • Roles

Start of the navigation path Current Settings Contract A/R & A/P Next navigation step Maintain User-Specific Posting Settings End of the navigation path

  • SAP Menu

Start of the navigation path Settings Next navigation step Current Settings Next navigation step Maintain User-Specific Posting Settings End of the navigation path

You can maintain foreign exchange rates under the following paths:

  • Roles

Start of the navigation path Current Settings Contract A/R & A/P Next navigation step Enter Exchange Rates End of the navigation path

  • SAP Menu

Start of the navigation path Settings Next navigation step Current Settings Next navigation step Enter Exchange Rates End of the navigation path

Activities

Enter the foreign currency in the document header. This ensures the currency is unambiguous in the document.

You can specify the exchange rate in the header when entering foreign currency postings if you have specified in your user settings that you only enter documents in company codes with the same local currency. This local currency must also be specified in your user settings. The exchange rate is then used as the default value for translating the amounts in the line items.

You can enter an exchange rate as well as both the local currency and foreign currency amounts in the line item. Mismatched combinations of entries are corrected by the system.

You can only post a document if it has a zero balance for each company code involved in both local currency and transaction currency. If you manage other currencies in parallel to the local currency (such as the group currency), a zero balance is required here too.