How to use OWD1 - Maintain rounding profiles

OWD1 - Overview

• Transaction Code: OWD1

  Description: Maintain rounding profiles

  Release: S/4HANA and ECC 6

• • Program: SAPL0WCL

    Screen: 400

    Authorization Object:

  • Development Package: WCD1

    Package Description:

    Parent Package:

  • Module/Component:

    Description:

OWD1 - Details

• SAP Tcode: OWD1 - Maintain rounding profiles

  
  Overview:
  The SAP transaction code OWD1 is used to maintain rounding profiles in the SAP system. This transaction code is used to define the rounding rules for different currencies and to determine how the system should round off amounts. 
  
  Functionality: 
  OWD1 allows users to define the rounding rules for different currencies and to determine how the system should round off amounts. The rounding profiles can be used in various areas of the system, such as in pricing, invoicing, and payments. The profiles can also be used to define the rounding rules for different currencies when calculating exchange rates. 
  
  Step-by-step How to Use: 
  To use OWD1, users must first enter the currency code for which they want to create a rounding profile. Then, they must enter the number of decimal places that should be used for rounding. Finally, they must select the type of rounding that should be applied (e.g., up or down). Once these settings have been entered, users can save the profile and it will be available for use in other areas of the system. 
  
  Other Recommendations: 
  It is important to note that OWD1 is only used to maintain rounding profiles and does not actually perform any calculations. Therefore, users should ensure that they have correctly defined their rounding profiles before using them in other areas of the system. Additionally, users should ensure that they