Changeover of the Account Currency
Purpose
This process describes how you can changeover accounts in the current account system to the European single currency Euro.
Since clearing accounts and CpD (suspense) accounts are currency-dependent and are not changed over, you must create these before changeover per bank area and per currency as new accounts in the Euro currency.
Process flow
Result
During the changeover, items and balances in a participating currency are first taken off the books and then put back on the books again in Euro. After the changeover of the account, all items from balancing are posted in Euro - including those for periods ending before the changeover key date (value dates in the past). The account is now managed in Euro.
Changing over an account from DM to Euro
Posting date |
Value date |
Amount |
Account currency |
05/15 |
05/01 |
+ 500 |
DM |
05/15 |
05/04 |
- 200 |
DM |
05/30 |
06/02 |
+ 50 |
DM |
Euro Changeover on June 1. | |||
06/01 |
06/01 |
-300 |
DM |
06/01 |
06/02 |
-50 |
DM |
06/01 |
06/01 |
+ 150 |
Euro |
06/01 |
06/02 |
+25 |
Euro |