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Categories
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Currency
Currency
- 3 Exchange Rate Design Options for Multi-Country SAP Implementations
by Siddharth Priolkar, Senior Consultant, Infosys Technologies
A good exchange rate design can handle requirements for foreign currency transactions considering local statutory requirements. Various design options are available to meet these exchange rate requirements.
- 7 Steps for Handling Foreign Taxes through a Single Company Code
by Paul Ovigele, SAP Consultant, Ovigele LLC
Configure foreign taxes in your SAP system by setting up the foreign country as a region within your home country.
- Ask the FI/CO Expert: Changing an Active "Group Currency" Setting with the SLO (System Landscape Optimization)
Toolkit
by Ali Sarraf, Managing Director, ICM America LLC
Your only option for changing your group currency might be to use SAP's SLO, which provides tools to deal with change to production R/3 systems.
- Ask the SAP Financials Expert: Demystify Foreign Currency Valuation with F.05
by Drs. Stef Cornelissen, SAP Consultant, Proxyon B.V.
If
your company has open items in foreign currencies,
you need to know how exchange rate fluctuations are
affecting your bottom line. Learn the ins and outs
of a highly useful but sparsely documented transaction
and gain a complete view of currency valuation.
- Automate Payments to Multiple Vendor
Bank Accounts
by Akhilesh Mittal, Consultant,
Infosys Technologies Ltd.
Configure your R/3 or mySAP ERP Central Component (ECC) system so that you can select a vendor’s bank from multiple bank accounts for automated payments. See three methods for creating a vendor invoice — manually with or without a purchase order, and automatically using Electronic Data Interchange — and how to use transaction F110 to conduct an automatic payment run for selection of the vendor’s bank account
- Currency Types: The Key to Reporting Parallel Valuations
by Rohana Gunawardena, Principal Consultant, Exium, Inc.
Do
you know what the different currency types are, where
they are configured, and when to use them? Confusion
abounds in this area, especially when dealing with
parallel valuation. Use this roadmap to gain control
of all of your conversions and valuations.
- Don’t Wait Until After Go-Live to Set
Up Cross-Company Code Controlling
by Marco Jordy, Vice President of SAP
Finance Consulting, ORBIS America, Inc.
A wrong decision during the setup of your organizational structure can lead to a loss of functionality in logistics and controlling. You can avoid a costly reorganization of your database with cross-company code controlling. Hear about the pros and cons and learn the prerequisites for its configuration.
- FI/CO Expert Web Site Review: Babylon.com
by Dr. Oliver Hatzfeld, Manager SCM with ICM AG's Kronberg (Germany) Office
This article evaluates the online and offline features of "www.babylon.com," a useful translation, information, and conversion tool that allows you to type in a word, phrase, or acronym, and launch a search for definitions, facts, and translations into foreign languages ... without actually being connected to the Internet at the time. After a review of the site and its free viewing program and dictionary/glossary downloads, there are three demonstration exercises that give you a chance to try the tool out for yourself.
- Improve Your Asset Reporting with Two
Overlooked Tools
by Thomas Michael, Senior SAP Product
Expert, Michael Management Corporation
Preview Thomas Michael’s new SAP PRESS book Reporting for SAP Asset Accounting in this excerpt to see some key reporting features in Asset Accounting (FI-AA). The book reviews both the various kinds of standard reports available and some important reporting tools that users often overlook.
- Is Your Foreign Currency Revaluation
FASB 52 Compliant?
by Susanne Finke, SAP Consultant, ZANN
Consulting Inc.
Compare methods of configuring and executing foreign currency revaluation in your SAP system to determine which method best suits your needs while meeting US Financial Accounting Standards Board Statement No. 52 (FASB 52) requirements, which govern foreign currency revaluation.
- Nine Tips for Dealing with Zero Decimal Place Currencies
by Rohana Gunawardena, Senior Consultant, Exium Inc.
The U.S. dollar, like many of the world's currencies including the euro, uses two decimal places, which - not surprisingly - is the default setting for R/3. When you roll out your SAP functionality across geographies, however, you may run in trouble coping with currencies with other decimal-place demands. The author provides tips to help you avoid mistakes when viewing or working with various currencies.
- Quick Tip: Don’t Make the Mistake of Activating Group Currency in the Productive Environment
by Mitresh Kundalia, Director — SAP Practice, Quality Systems & Software (January 2010)
Group currency activation in the productive environment requires conversion of existing financials transactions. You need to consider group currency conversion as a separate initiative, involving detailed analysis and complex data conversion.
- Quick Tip: Test Your Currency Translation Settings with a Hidden Tool
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
Use a testing tool in a very simple way to check the results of your customizing for the currency translation.
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