Entry Function: Entry in Country Currency 

Use

This function is only relevant during the dual currency phase of the changeover to the euro between 01/01/1999 and 01/01/2001.

If the changeover of the settlement currency to euros has been made during this time, you must specify the exchange rate foreign currency to EUR for receipts.

If you have an exchange receipt which due to a cash exchange for example just shows the exchange rate foreign currency to DEM, you can use the function Entry in Country Currency to determine the correct foreign currency to EUR exchange rate.

Once you have entered the existing receipt data, choose the function Entry in Country Currency. The system automatically enters the correct exchange rate.

Prerequisites

·        The settlement currency in Travel Management is EUR. You make the settings for this in Customizing for Travel Management under Travel Expenses → Dialog and Travel Expenses Control → Dialog Control →Store Default Values for Dialog.

·        To see whether more than one currency is valid for a trip country (that is, there is a “public sector currency") at a certain point in time, check the currencies in Customizing for Personnel Administration under Basic Settings → Determine currencies → Valid country currencies.

Features

The Entry in Country Currency function is available in the following Travel Expenses entry scenarios:

Entry scenario	Choose
Travel Manager	Travel Management menu → Enter Travel Expenses
Travel Expense Manager	Travel Management menu → Travel Expenses → Travel Expense Manager / Enter Travel Expenses (Expert)
Travel Calendar	Travel Management menu → Travel Expenses → Travel Calendar
Weekly Report	Travel Management menu → Travel Expenses → Weekly Report

Example

A traveler from a country participating in the European Monetary Union (EMU) travels during this period to a country that is not part of the EMU. As he only has the former currency of his country, he has to exchange it for the foreign currency. For example, he may only have the exchange rate USD to DEM. Travel Expenses, however, has already been changed over to the euro. The exchange rates of the traveler's USD receipts must therefore always relate to EUR. The traveler can enter the exchange rate USD to DEM shown on the exchange receipt and determine the USD to EUR exchange rate using the Entry in Country Currency function.