Checking the Financials fields
After internal currency initialization, you must check the values of a number of fields in Financials and correct them as required.
For example, if the maximum amount for a specific transaction was 1500 NLG, the maximum amount after internal conversion can be 677.11 euros. You probably want to change this amount to a round number, for example, 650 or 700.
In Financials, check these fields:
| Session | Field |
|---|---|
| Group Company Parameters (tfgld0101s000) | Short Description of Currency |
| Finance Company Parameters (tfgld0503m000) | Matching Currency for different Transaction Currency, Statutory Exchange Gain/Loss Account, and Complementary Exchange Gain/Loss Account (from LN FP5, when moving to the standard currency system) |
| Transaction Types (tfgld0511m000) | Currency |
| tfgld0112m000 Transaction Schedules | Currency |
| Transaction Template Lines (tfgld0113m000) | Net Amount |
| Recurring Journal (tfgld0140m100) | Currency, Currency, Amount |
| Reporting Currency Group Setup (tfgld0680m000) | Currency (possibly, define new group) - applies to the standard currency system only |
| Interest Invoice Related Data (tfacr5101s000) | Minimum Amount for Interest Invoice |
| Pay-by Business Partners By Factor (tfacr0116m000) | Factoring Limit |
| ACP Parameters (tfacp0100m000) | Matching tolerances amounts |
| Automatic Matching Settings by Invoice-from BP (tfacp0107m000) | Tolerance amounts |
| Purchase Invoice Payment Authorizations (tfacp0114m000) | Maximum Amount Payment Approval |
| Purchase Invoice Authorizations (tfacp0150m000) | Transaction Amount, Transaction Amount |
| Procurement Cards (tfacp0508m000) | Credit Limit |
| CMG Parameters (tfcmg0100s000) | Minimum Amount for Tax Calculation, Home Currency for Cash Forecast, Invoice Amount Higher than Expected, Invoice Amount Lower than Expected, Minimum Trade Note Amount, Currency for Trade Notes Generation, Minimum amount for DAS 2 Reporting, Minimum Amount for Z4 Reporting |
| Bank Relation (tfcmg0110s000) | Bank Currency, Credit Limit Amount |
| Payment/Receipt Method (tfcmg0140s000) | Maximum Amount, Minimum Amount for Reason |
| Payment Authorizations (tfcmg1100m000) | Maximum Amount by Pay-to BP, Maximum Amount for Free Payments, Maximum Amount for Bank Costs, Max. Positive Amnt for Pay Diff, Max. Negative Amnt for Pay Diff |
| 1099 Box Numbers (tfcmg1115m000) | Minimum Amount for Printing |
| FAM Parameters (tffam0100s000) | Unit Max Value |