on 09-18-2014 7:21 AM
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
Dear Satish,
We can differentiate the transactions based on Business Area.
Regards,
Naveen
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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
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Country is Kuwait... don't know hot to differentiate for transactions.
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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
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
Hello,
If Company code and GLs are same, how are you differentiating the transactions for both countries?
Thanks,
V V
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Hi Satish,
Then create separate financial statement versions and select them at the time of F.01 accordingly.
Regards,
Mukthar
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