Entering content frame

Process documentation Changeover of the Account Currency Locate the document in its SAP Library structure

Purpose

This process describes how you can changeover accounts in the current account system to the European single currency Euro.

Note

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

  1. Adjust the limits.
  2. You must newly create individual limits from the changeover date in Euro.
  3. Newly create both overdraft limits as well as internal and external account limits. SAP also offers a report for these limits that converts the amount in accordance with the exchange rate to Euro for the period after changeover and enters a new limit in EUR.
  4. Reference limits are currency-dependent. This means that for an account that refers to a reference limit, the limit always applies in account currency.
    Example: There is an internal reference limit for students of 1,000 DEM. A reference limit of 500 EUR has already been created with the same reference limit ID. An account with this reference limit has an internal limit of 1,000 DEM before changeover and 500 EUR after changeover.
  5. Create conditions in Euro. You can assign conditions in Euro to the condition groups at any time. Until one day before the changeover key date, the conditions in the old account currency apply for the individual accounts and as of the changeover key date these conditions are replaced by the "Euro" conditions. You have to maintain individual conditions manually.
  6. Note on each respective account that it is intended for changeover of the currencies.
  7. Activate the executable program that periodically changes over all accounts flagged for changeover.

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.

Example

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

 

 

Leaving content frame