Converting Multicurrency Intercompany Transactions
If the company that you are converting to a new base currency has intercompany transactions, you must complete these steps to successfully convert the multicurrency intercompany transactions.
To convert multicurrency intercompany transactions:
Verify that all companies and all plans have been converted successfully.
Select and run the Multicurr Interco Conversion program (R890911EB) from the Ordered Conversion Jobs menu (G97UE90). Do not run this program multiple times.
Select and run the Company Currency Codes Conversion program (R890010E), one time for each plan, from the Ordered Conversion Jobs menu (G97UE90).
This program updates the base currency code in the F0010 table for all companies in a plan.
Review the intercompany accounts for any manual multicurrency transactions.
These transactions are converted when you run the Convert F0911 Base Currency conversion program (R890911E), which is part of the base currency conversion; however, you must verify and, if necessary, correct any amounts.
Select Company Names & Numbers from the Organization & Account Setup menu (G09411).
In the Company Names & Numbers program (P0010), reset the fiscal period and year for accounts receivable, accounts payable, and general ledger so that you can post to prior years.
Use the report generated by the Multicurr Interco Conversion program (step 2) to identify the different batch types that you need to post.
Select Multicurr Interco Conversion Post (R8909801EB) from the Ordered Conversion Jobs menu (G97UE90).
Designate the batch type in the processing option and run this post separately for each batch type that you identified in the previous step.
Review the report created by the Multicurr Interco Conversion Post program.
If all batches posted, continue to step 12. If some batches did not post, review the following to determine the cause:
Batch is out of balance.
Slight rounding differences occur when the Multicurr Intercompany Conversion program converts transactions such as invoices and vouchers that do not have an associated F0911 transaction to balance to. The rounding differences, which are typically less than a cent, cause a batch to be out of balance and, as a result, the batch does not post. Continue to step 9.
Posting edit code on an account or business unit changed after the original transaction was posted.
If you changed the original posting edit code on an account or business unit from a blank to a non-blank value after you posted the original transaction, the Multicurrency Intercompany Post does not post the batch. Continue to step 10.
Complete one of the following steps for out-of-balance batches:
To correct an out-of-balance batch, review the batch and revise the amount of the entry for each document that is out of balance.
Approve the batch and rerun the Multicurr Interco Conversion Post program.
To correct an out-of-balance batch, create a one-sided adjustment at the document level or at the batch level.
For each batch, remember to set the option on the Batch Overrides form of the General Journal Review program (P0011) that enables you to post an out-of-balance batch. Approve the batch and rerun the Multicurr Interco Conversion Post program.
To post out-of-balance batches, set the option on the Batch Overrides form that enables you to post an out-of-balance batch.
Approve the batch and rerun the Multicurr Interco Conversion Post program. After you rerun the post, create a final adjustment to balance all batches or, if applicable, run an integrity report that creates the final adjustment. Remember to set the post out-of-balance option for each batch and post the final adjustments.
Change the posting edit code back to blank on the account or business unit.
Approve the batch and rerun the Multicurr Interco Conversion Post program. After you rerun this program, change the posting edit code back to the previous value.
Select Company Names & Numbers from the Organization & Account Setup menu (G09411).
In the Company Names & Numbers program, reset the fiscal period and year back to their original values.