Answer / ramesh mehla

In which country u r working that is called local currency
and when you select local currency of the country then all
transaction will be made into such currency

Answer / suvankar pal

In G/L account if we select local currency then we can post
any documents in any currency but if we choose foreign
currency then we can only post the document of the same
foreign currency.

Answer / 10

Local currency in G/L is taken for balancing point.Setting
local currency indicator in GL master account affects the
way A/c Balances are stored in GL summary. If this
indicator is set, the GL balances are updated only in local
currency.

Foreign Currency valuation of GL accounts where the
indicator "only balance in local crcy" is set is affected
in the following manner depending upon the type of account

* If the account for which only balance in local currency
is set, is an open item managed account, i.e: the
indicator "Open Item Management" is also set in the GL
account master.

* If the account for which only balance in local currency
is set, is a non-open item managed account, i.e: the
indicator "Open Item Management" is also not set in the GL
account master.

Answer / satish.r

when u check amounts in local currency in the GL, you can
post a transaction in any other currency, even u can post a
foreign currency in to your company code, provided u have
to set the exchange rate difference in IMG for the foreing
currency rate of that country

When u set only foreign currency, you can post only in that
specific foreing currency.

Answer / srilatha

if we select local currency in G/L account all the balances
of that particular account will disply in that country
curren





cy. for example company is in india then currency will
display in rupees. if company is in us then currency then
it will display in dollars

Answer / prabha

When this option is selected, the balance of that particular account will display the balances only and only in local currency even though it has transactions dealing with foreign currency.
Simply speaking, that account balance does not display total of the foreign currency.

Answer / shashi ranjan pandey

Hi

I am SAP functional consultant.

What do you enter in Company code Global settings?

4 Answers  

HI all, Here my question is i want make payment through APP on behalf of another company code.here my question is i have configured everything in app.when i am making payment it is not working.here we would need cross company code configuration.can anyone please tell me where we have to do or T.code its urgent

5 Answers   Accenture,

DIFF BET PARK & HELD DOC?

3 Answers  

Hi Gurus, I have faced a problem while trying to post a withholding tax. I configure the withholding tax fully and after that i have also assigned it to vendor of my company code.When i'm posting that vendor a/c with withholding tax, the tax has been calculated, but when i'm trying to post it delivers an error message to me- i.e. "could not determine the year for TDS certificate number range". Plz, help me out from this.

1 Answers  

what do you mean by the accumulated depreciation?

0 Answers  

What is IBAN Number in SAP? What does it works?

5 Answers   Accenture,

Journal entry for sale of asset in profit /loss

7 Answers   Bosch,

what are the t-codes involved in FI-MM integration

2 Answers   Infosys,

How do you control field status of GL master records and from where do you control.

7 Answers   HLL,

what is withholding tax? when we use withholding tax? what are the procedure in steps for calculating tds plz tell me about all........

12 Answers   IBM, Patni, TCS,

How do you manage outgoing partial payment for vendor in fi?

0 Answers  

Hi In the system Landscape we have Dev.client Q/A client Prod.Client Right. Inthe dev.client we have Customization,configuration,and snadbox Right. My question is in the SANDBOX do we have again dev,q/a,and production clients. If so y so.What is the need 2 have wice such a procudure.

1 Answers