Agneesh Jain,
Thank you for your reply.
I have only been running Intercompany for March and April. I have exported and imported the journal entries for three USD companies into the USD consolidation company for March. I have not exported any JE's from the GBP or Euro databases yet. I planned to do that for April.
Is it possible for me to change the "Consolidation Source" from "System" to "Local" currencies and then export the GBP and Euro databases as well as the USD databases for April?
If I change this setting, this is where the IIS application will use the exchange rates to convert the journal entry amounts correct?
See comments below:
The following comment comes from the SAP B1 User Guide for Version 9.0 (page 119):
Consolidation Source–indicates whether the financial data for consolidation is retrieved from the company in the company’s local currency or in its system currency. Choose an option from the dropdown list. If you choose System Currency, the system assumes that the system currency is same as the consolidation currency (that is – Local Currency Code of the Consolidation Company).
So when you are setting up the consolidation company, you have two options for choosing the Consolidation Source – Local or System currency which operate as follows:
“Local” currency option
Comments:
- If you choose Local Currency, the system assumes that the local currency is not the same as the consolidation currency (that is – Local Currency Code of the Consolidation Company).
- Since the above comment would be true, then this assumes that since all the currencies would all be the different that there are calculations being done using exchange rates. The calculations are done using the exchange rates as defined under the “Consolidation Translation Method” and using:
- Historical Rate
- Closing Rate
- Average Rate
These rate are being used in the calculations of the Journal Entry amounts and NOT the account balance.
3. The calculations using the exchange rates are being done as the Journal Entries are being exported from the various company databases into B1i server and then imported into the consolidation company database.
“System” currency option
Comments:
- If you choose System Currency, the system assumes that the system currency is same as the consolidation currency (that is – Local Currency Code of the Consolidation Company).
- Since the above comment would be true, then doesn’t this assume that since all the currencies would all be the same that there are no calculations being done using exchange rates. All that is being done here is “adding together” all of the journal entries relating to the same account. (There is actually no calculation being done using the exchange rates.)
J. Rupert
