Introduction

Parallel currencies are maintained as additional internal currencies that can be used for analyzing data of the Financial Accounting and the Controlling. This always involves the primary internal currency of an organization that is also created automatically as a valid parallel currency in the Financial Accounting.

As a standard, it is possible to define two additional currencies as the internal currency of an organization in addition to the primary internal currency. It is recommended to have them also configured as parallel currencies in the Financial Accounting.

The parallel currency can be used, for example, for specifying a uniform report currency (e.g., for balance sheets) within a group of connected companies with various primary internal currencies.

If it is also necessary to create analyses in other currencies, such other currencies can be also set as parallel currencies. Basically, any valid currency of an organization can be defined as a possible parallel currency. However, it should be verified in advance whether it is necessary or reasonable to use a currency also as a parallel currency. Every posting created must be additionally converted into every configured parallel currency, which can finally slow down the execution when posting created processes.

Applications

In order to represent or output open items, account postings, balances, analyses of differences or balance sheets, for example, in parallel currencies, adaptations have been applied in various cockpits and reports of the Financial Accounting and the Controlling. Furthermore, a master data is available for maintaining parallel currencies.

In this chapter, you will find an overview of the applications affected.

Parallel currencies

In this master data application, you can define existing currencies of an organization as an additional internal currency. When a parallel currency is set, its initial status is Created. In order to be able to use the currency in the Financial Accounting and in the Controlling, the postings, open items, individual transactions and balances must be converted into the parallel currency. For this, the Execute currency conversion application-based action is available. If the conversion was successful, the parallel currency receives the Converted status.

Only parallel currencies with the Converted status can be analyzed as internal currencies in the Financial Accounting and in the Controlling. Currencies can be configured at any time as parallel currencies and also deleted.

For a detailed description, refer to the Parallel Currencies article.

Posting dialog

If you create postings, in the Posting Financial Accounting or Posting Controlling application, in an organization for which parallel currencies have been set up and converted, all generated data (individual transactions, open items, balances, etc.) are also converted into the additional internal currencies and saved automatically with processing of the postings.

Cockpits

In the Cockpit views of the Financial Accounting and the Controlling, supporting the analysis in parallel currencies, the Internal currency query field is open for input. With the value assistant of this field, the configured parallel currencies of the organization called-up are displayed for selection. For the analysis in those Cockpit views, only parallel currencies with the Converted status can be selected.

If the Additional organizational units data can also be analyzed in the Cockpit display, the selected internal currency must be also set up in the specified additional organizational units as the valid (converted) parallel currency.

Reports

In the Financial Accounting and in the Controlling, various reports are available for analyses. In these reports, where the analysis in parallel currencies is supported, you can enter the parallel currency to be analyzed of the called-up organization in the Internal currency query field or select it via the value assistant of this field. For analysis in these reports, only parallel currencies with the Converted status can be selected.

If the Additional organizational units data can also be analyzed in reports, the selected internal currency must be also set up in the specified additional organizational units as the valid (converted) parallel currency.

Defined reports

For analyses with defined reports, you can specify the parallel currency in the Definition of columns application in the value columns, where the values of the currency should be output in the columns. In the Defined reports output application, you can select the parallel currency in the Internal currency query field, to be used for the output of the report. However, only parallel currencies with the Converted status are analyzed in the defined reports.

If the Additional organizational units data can also be analyzed in defined reports, the selected internal currency must also be set up in the specified additional organizational units as the valid (converted) parallel currency.

Optional dimensions

For optional dimensions, the billing prices can be specified in the parallel currency of the organization. For this, the Currency column under the Selling prices tab is available. In this column, only parallel currencies with the Converted status can be selected. For more information on billing prices, refer to the Optional Dimensions and Definition Prices articles.