company code currency

[Former Member]

Hi

What is difference between the comapny code currency.

Hard Currency and Group currency

thanks

yps

[Former Member · Accepted solution]

Hi

Hard Currencies are used in countries with high inflation to improve the value of transaction. When a

hard currency is selected, the document is automatically updated in the local currency and the hard currency. The config for hard currency is done at the country level

Group currencies are defined at the client level . Group currencies are used to enable cross-company postings in controlling for company codes that use different company code currencies.

[Former Member]

Hi,

In any county with local curren. two other curren. can also

be set,these can be hard currency and group currency

Hard Currency : is used in that countries where the

inflation rate is high.

Group Currency :is used to fulfil the statutory obligation.

Regards

San

[Former Member]

Hi yps,

Pls go through the following link.

[http://www.sap-img.com/financial/explain-the-difference-in-currency.htm]

I think it will be helpful.

[Former Member]

Hello,

Group currency is used in the consolidated financial statements.

Before the consolidation process can be completed all values in the individual financial statements must be translated from the local or transaction currency into group currency. Group currencies are defined at the client level in table T000. Group currencies are used to enable cross-company postings in controlling for company codes that use different company code currencies.

Company Code Currency : The currency of a company code (country currency) in which the local ledgers are managed. You define the company code Currency when you define Company Code.

Hard Currency : Country-specific second currency used in countries with high rates of inflation.

Prase