What is Group Currency and Hard Currency?
Answers were Sorted based on User's Feedback
Answer / valerya
Hard currency - 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 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.
Is This Answer Correct ? | 29 Yes | 1 No |
Answer / nagaraju uddagiri
While creating a client by basis team, one of the required
parameter is currency. this field is nothing but a group
currency.
Is This Answer Correct ? | 8 Yes | 2 No |
Answer / vicky pruthi
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.
Is This Answer Correct ? | 8 Yes | 4 No |
What is a controlling area? How is it related to a company code? : co- general controlling
My company code is AN3 vendor and customer are same i purchased from a party(vendor) on 01.04.2008 for 4,00,000/- payment terms with in 10days 10%, with in 20days 5%. i sold to the same party(customer) on 08.04.2008 for 3,00,000/- payment terms with in 10days 10%, with in 20days 5%. Balance of payment Date 14.04.2008 in this date vendor has 5% discount (20,000/-). Net vendor amount is 4,00,000-20,000 = 3,80,000/- customer has 10% discount (30,000/-). Net customer amount is 3,00,000-30,000 = 2,70,000/- Net paymet is 3,80,000-2,70,000 = 1,10,000/- In above situation i run the APP, But i got error massege is comming that is "your company conde AN3/AN3 not in proposal" at the time of "Edit payment proposal" Please clear this problem, is it possible in app or not? If it is possible where i configure?
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