Define Currencies of Leading Ledger in SAP

Last Updated on August 7, 2022 by admin

Define Currencies of Leading Ledger

Leading ledgers are the primary ledgers that are used to post the transactions of the organization as primarily. In the SAP system, for leading ledgers, you can maintain additionally up to two currencies. Leading ledgers will obtain the settings of currency based on the company code.

• Transaction code to define currencies of the leading ledger – OB22
• Path: SAP Reference IMG -> Financial Accounting New -> Financial Accounting Global Settings New -> Ledger ->Define currencies of leading ledger

Steps to define currencies of leading ledger in SAP

Step 1: – Enter Transaction code: OB22 in the SAP Command field.

Step 2: From the Additional local currencies company code currencies, you maintain additional 2 currencies for the company code.

Choose the position button and enter the desired company code and press enter to continue. Now double click on the company code and maintain the additional local currencies. If you didn’t find the company code on the screen, click on the new entries button as shown below.

Step 3: Now maintain the required details

1. Company code: Enter the company code that you are going to define the currencies leading ledgers in SAP
2. CRCY Type: Choose the appropriate currency type from the dropdown list.
3. Valuation: Now enter the appropriate valuation in the given field.
4. Exchange Rate: This is used for foreign currency translation. You can maintain buying rate, selling rate and average rate. It is recommended to maintain average rate for currency translation and buying rate and selling rate for foreign currency valuation.
5. Srce Curr: – You can choose 1 – translation taking transaction currency as a basis or 2 – Translation taking first local currency as a basis
6. Translation date: Choose the translation date to determine the amount translations.

After maintaining all the required details, click on the save icon to save the details. Repeat the same procedure to maintain the currencies of leading ledger for another company code in SAP.