E1: 04: Allow Multicurrency Intercompany Bank Accounts In P0411 (Doc ID 2316049.1)

Last updated on DECEMBER 01, 2022

Applies to:

Symptoms

Given the following setup:

• Company 1 has a base currency of USD.
• Company 2 has a base currency of EUR.
• All payments for Company 2 are done out of Company 1:
  • Company 2's PB AAI points to a Company 1 G/L account.
  • Company 2's PBGBP AAI points to a Company 1 G/L account.
• The Company 1 G/L account attached to Company 2's PBGBP AAI is a monetary account, as it has GBP in its currency code field on the Account Master (F0901).

When creating a voucher for a supplier via Standard Voucher Entry (P0411) for Company 2 with a transaction currency of GBP, P0411 sets the following error:

Error 0953 - Bank Currency Code Incorrect:

CAUSE . . . . The currency code of the bank account's company must be the same as the domestic currency code. In addition, if the bank account's own currency code is not blank (i.e., it is a monetary account), it must be the same as the transaction's foreign currency code.

RESOLUTION. . Enter a valid G/L Bank Account for the foreign and/or domestic currency codes involved in the transaction.

This is because currently the system will not allow the creation of a voucher with a bank account that is in a company that has a different currency code as the company for which the voucher is being entered. And this is even if the bank account is a monetary account with the same currency code as the voucher's transaction currency code.

Clients are requesting that multi-currency intercompany bank accounts are allowed, especially if the bank account is a monetary account in the transaction currency of the voucher.

Changes

Cause

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