To enable the use of multiple currencies in the SAP Material Ledger, you must define Material Ledger types and assign the desired currency types. This step ensures consistency across Materials Management (MM), Financial Accounting (FI), and Controlling (CO) modules.

Overview of SAP Material Ledger Types and Currencies

  • Each Material Ledger type can support up to three currency types.
  • Valuation areas and plants within the same company code should use the same Material Ledger type to ensure data consistency.
  • Important: Currency types, currencies, and Material Ledger types cannot be changed once the Material Ledger is activated in the production system.

SAP recommends the use of group currency as the controlling area currency for consistency across modules. However, you may also use the company code currency depending on your organizational requirements.

Assigning Currency Types to SAP Material Ledger Type

The configuration for assigning currency types is available through:

  1. Transaction Code OMX2
  2. IMG menu path: Controlling → Product Cost Controlling → Actual Costing/Material Ledger → Assign Currency Types to Material Ledger Type.
  1. Access the Configuration:
    • Navigate to the configuration screen for assigning currency types .
  2. Define Material Ledger Type and Currencies:
    • Assign a combination of currency types derived from FI and CO .
    • If you prefer not to use the predefined currency types from FI and CO:
      • Select the Manual indicator.
      • Specify custom currency types under the option Define Individual Characteristics.
      • Note: At least one currency type must include type 10 (Company Code Currency) when using manual settings.
  1. Verify Consistency:
    • Before proceeding with the production start-up, ensure the following:
      • Currency settings in Financial Accounting align with the Material Ledger configuration.
      • All required currency types are accurately assigned and meet business requirements.

Best Practices and Recommendations

  • Consistency Across Modules:
    • To ensure accurate reporting and data synchronization, SAP advises using group currency as the controlling area currency. However, the company code currency can be used if better suited to your business needs.
  • Final Checks:
    • Confirm that all assigned currency types meet organizational and regulatory requirements before moving forward with the production start-up of the SAP Material Ledger.
    • Remember, any changes to currencies, currency types, or Material Ledger types are prohibited after the production system is live.

By carefully configuring Material Ledger types and currency assignments, you lay the groundwork for accurate and consistent financial and material valuation across the organization.