Hi The company I am working for has the following requirement
Maintain in the system a monthly exchange rate - This is because the "daily exchange rate" (Type M) in SAP is maintain monthly.
For companies in the following countries
- Mexico
- Israel
- Chile
- Hungary
All of them has the requirement of utilized a daily exchange rate which is given by the government to post all transactions in foreign currency.
we have gone trough analysis on what the alternatives are:
1- Create a different exchange rate type ZB and maintained it daily. Then set in configuration that when that currency is used the alternative exchange rate is used.
The problem with this approach is that this new exchange rate will contain all the exchange rate for one country (for example Mexico) but we do not know how we will maintain the table or the configuration (as Is not company code independent) when Israel is roll into the system as now we will have to companies which requires the same setting.
2. Use the third currency field to store the third currency, but here we have a problem with all the countries which will require accounting in a third currency and has a daily exchange rate as well as the third field cannot handle both scenarios
3. Special Purpose Ledger- Well this is like program whatever you want and just complicate the solution by adding another component.
My questions to the community are:
- This requirement are common for any company which has subsidiaries in these countries, how do you solve this?