Assign Currency Types to Material Ledger Type (SAP Library

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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