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Seprate Trial Balance for single Company Code

Former Member
0 Kudos

Hi

We have a single Company Code, which operates in both in Kuwait and Italy, transactions are posted separately, they won't club the amount while posting.. We are using Classic GL. can't use New GL nor we can use Business Area coz of client limitations. Our Company code has 3 currencies, client which to see all of them in the report.

Client requirement is to draw the F.01 Trial Balance for both the counties separately. How can we achieve this?

Thanks

Accepted Solutions (0)

Answers (5)

Answers (5)

Former Member
0 Kudos

Dear Satish,

We can differentiate the transactions based on Business Area.

Regards,

Naveen

former_member182575
Contributor
0 Kudos

You're in big trouble legally!!

I suggest using functional area and having a substitution based on things like cost centre/profilt centre which will then populate the country in the functional area.

Then decide to split this company code as a new project!

Regards

Waza

Former Member
0 Kudos

Country is Kuwait... don't know hot to differentiate for transactions.

vinod_vemuru2
Active Contributor
0 Kudos

Hello,

As per SAP, company code is the lowest level of entity where financial statements can be drawn. As far as I know and in terms of legal compliance as well, if you are doing business in some country, you should record transactions in the company code that belongs to that country.

If you are simply exporting/importing goods from Italy, you can record those as foreign transactions in Kuwait. But these will go into books of Kuwait.

Hope I am clear.

@Forum, does any one has different opinion here?

Thanks,

V V

Former Member
0 Kudos

OK, if this is not for legal reporting purpose.. Can we still draw a custom report using any field.?

former_member198650
Active Contributor
0 Kudos

Hi Satish,

You are posting the transactions with different currencies for the both countries. Then  at the time of  execution of F.01, click on dynamic selections and double click on transaction currency field. After that, you have to provide the currency as per your country and execute it. It will display the values which are posted in that currency.

Regards,

Mukthar

Former Member
0 Kudos

NO Ali, postings are in same currencies most of the time..

former_member198650
Active Contributor
0 Kudos

Hi Satish,

Have you maintained any thing to differentiate the transactions at the time postings? How can you find out which transactions are related to which country?

Regards,

Mukthar

vinod_vemuru2
Active Contributor
0 Kudos

Hello,

You have tell us, how do you post transactions in these two countries. With out this, it would be difficult suggest the approach.

Thanks,

V V

vinod_vemuru2
Active Contributor
0 Kudos

Hello,

If Company code and GLs are same, how are you differentiating the transactions for both countries?

Thanks,

V V

vinod_vemuru2
Active Contributor
0 Kudos

Also, What is the country of your company code?

Thanks,

V V

former_member198650
Active Contributor
0 Kudos

Hi Satish,

Then create separate financial statement versions and select them at the time of F.01 accordingly.

Regards,

Mukthar

Former Member
0 Kudos

but GLs are same.. how can be separate them?