GL Config Steps # 35 Define Additional Local currencies Optional
Set Parallel Currencies in FI Financial Accounting
In General Ledger Accounting you have the option of managing all company code values in parallel in the same accounts in up to three currencies. You define a currency by means of the following:
A currency type corresponding with the function of the currency (for example group currency)
An exchange rate type for translation
A base currency for translation
A date (for example document date) for translation
If group currency is used in parallel with the company code currency, the values in local currency and the values already translated are transferred to the Consolidation processing ledger. In Consolidation you can use the currency translation method to determine the financial statement items whose previously calculated group values should be kept for consolidation, and the FS items for which another translation should take place.
Activities