How to use O588 - Conversion group maintenance

SAP Transaction Code - Details

• Transaction Code: O588

  Description: Conversion group maintenance

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: OIB_QCI

    Package Description:

    Parent Package:

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    Description:

Smart SAP Assistant

• SAP Tcode: O588 - Conversion group maintenance

  
  Overview:
  Transaction code O588 is used to maintain conversion groups in SAP. It allows users to create, change, and delete conversion groups. This transaction code is used to define the conversion rules for a particular group of currencies. 
  
  Functionality: 
  The O588 transaction code allows users to maintain conversion groups in SAP. This includes creating, changing, and deleting conversion groups. It also allows users to define the conversion rules for a particular group of currencies. The transaction code also allows users to view the exchange rates for the currencies in the group and to set up the exchange rate type for each currency. 
  
  Step-by-step How to Use: 
  1. Enter transaction code O588 in the command field. 
  2. Enter the name of the conversion group you want to maintain. 
  3. Select “Create” or “Change” from the menu bar. 
  4. Enter the currencies that you want to include in the group and their exchange rates. 
  5. Select “Save” from the menu bar to save your changes. 
  6. Select “Delete” from the menu bar if you want to delete a conversion group. 
  7. Select “Back” from the menu bar when you are finished making changes or deleting a conversion group. 
  
  Other Recommendations: 
  It is important to note that when creating or changing a conversion group, all of the currencies must be entered at once and cannot be changed later on without deleting and recreating the group. Additionally, it is important to ensure that all of the exchange rates are correct before saving any changes as incorrect exchange rates can lead to incorrect calculations in SAP.