The currency conversion for the European Monetary Union is particular important in Posting to Accounting.

The system uses the currency from the payroll results as the document currency for posting. For this reason you can convert the house currency in Financial Accounting at a different time to the payroll currency used in Human Resources. The document currency transferred from Payroll to Accounting is subsequently interpreted as a foreign currency in Financial Accounting and converted into the house currency.

If retroactive accounting is necessary after the currency conversion in Human Resources, and the retroactive run includes periods before the conversion date, the system creates separate documents during posting using the respective document currency.

Please note that the retroactive accounting difference is usually posted in the current posting period. The only exception is posting to special periods at the end of the fiscal year.

As a result, retroactive runs after 01.07.02 may create documents in the current period that have the old national currency as the document currency.

The payables posted by the posting to Accounting component are cleared during the other subsequent activities for Payroll and the connected postings. After the postings have been performed in connection with the subsequent activities, all the payables are thus cleared and the balances of the payable accounts are equal to zero.

Due to rounding differences resulting from the currency conversion, it may be the case that some payable accounts do not have a balance of zero. This effect can be due to the fact that posting to Accounting transfers the amounts to Accounting without a currency conversion. Here they are converted into the house currency. In contrast, in other subsequent activities in Payroll, it is necessary to convert the currency on a personnel number level and then calculate the totals.

You should also take this into account when the accounts are reconciled. You should manually adjust any balances in these accounts that are not equal to zero due to rounding differences.