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Title
Currency Translation in the Special Purpose Ledger Purpose
With the currency translation in the Special Purpose Ledger, you cantranslate amounts that are posted to local and global ledgers.
- The translation is normally made from the
local currency to thegroup currency. Via thesettings in Customizing it is also possible to translate thetransaction currency tothe group currency.
- You can group accounts into item groups that are then translated using
various translation methods.Prerequisites
To translate the currency, you have to make various settings inCustomizing. The settings are in Financial Accounting Customizing underSpecial Purpose Ledger -> Periodic Processing ->Currency Translation.Features
The translation currency is completed in the following steps:
Reference translation
All accounts are translated using a reference exchange rate type (suchas a key date type).
Translation of account groups
The amounts of the accounts that are combined in item groups aretranslated based on the translation method defined in Customizing. Theamounts translated to the group currency are updated in the groupcurrency fields.
Determining exchange rate differences
The difference is calculated by determining the difference between thetwo amounts. The exchange rate differences are posted to the accountsentered in the translation method.
You can also specify whether you want the rounding differences to beposted and displayed in corresponding accounts.
Note
In the Special Purpose Ledger, you enter the exchange rate type *
for the standard case. The translation difference is then determinedby the group currency values that already exist in the database.Output
You obtain an output list for the translation differences. The degreeof detail is dependent on the type of list selected. Activities
You can find more information on translation currency in the SpecialPurpose Ledger as follows:
- Choose Help -> Application help
- In the SAP Library under Financials -> Financial Accounting ->
Special Purpose Ledger -> Currency Translation
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