How to use GLC1 - Flexible G/L: Currencies

SAP Transaction Code - Details

• Transaction Code: GLC1

  Description: Flexible G/L: Currencies

  Release: S/4HANA and ECC 6

• • Program: RGUT882M

    Screen: 1000

    Authorization Object:

  • Development Package: GLT0

    Package Description: Basis functions G/L accounting

    Parent Package: APPL

  • Module/Component: FI-GL

    Description: General Ledger Accounting

Smart SAP Assistant

• SAP Tcode: GLC1 - Flexible G/L: Currencies

  
  Overview: 
  GLC1 is a SAP transaction code used to maintain the currencies in the Flexible General Ledger (G/L) Accounting system. It allows users to define and maintain currencies, exchange rates, and other related information. 
  
  Functionality: 
  The GLC1 transaction code enables users to define and maintain currencies, exchange rates, and other related information in the Flexible G/L Accounting system. This includes setting up currency keys, defining exchange rates, and maintaining currency-specific settings. It also allows users to view the current exchange rate for a given currency. 
  
  Step-by-step How to Use: 
  1. Enter the GLC1 transaction code in the command field. 
  2. Select the “Currency” tab. 
  3. Enter the currency key and description for the new currency. 
  4. Select the “Exchange Rate” tab. 
  5. Enter the exchange rate for the new currency. 
  6. Select the “Settings” tab to enter any additional settings for the new currency (e.g., rounding rules). 
  7. Save your changes by selecting “Save” from the menu bar or pressing F8 on your keyboard. 
  
  Other Recommendations: 
  It is important to ensure that all currencies are properly maintained in GLC1 to ensure accurate financial reporting and analysis. Additionally, it is recommended that users regularly review and update exchange rates to ensure accuracy of financial data.