How to use RTCCT - Currency Translation: Month End

SAP Transaction Code - Details

• Transaction Code: RTCCT

  Description: Currency Translation: Month End

  Release: S/4HANA only

  Menu Path:

  • Accounting > Real-Time Consolidation > Periodic Processing > Currency Translation

• • Program: RTC_CT

    Screen: 1000

    Authorization Object:

  • Development Package: FINS_RTC_CT

    Package Description: Real-Time Consolidation: Currency Translation

    Parent Package: FINS_RTC

  • Module/Component: FIN-RTC

    Description: Real-Time Consolidation

Smart SAP Assistant

• SAP Tcode: RTCCT - Currency Translation: Month End

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  Overview:
  The SAP transaction code RTCCT is used to perform currency translation at the end of a month. This process is used to convert foreign currency balances into the company’s functional currency. This ensures that all financial statements are reported in the same currency. 
  
  Functionality: 
  The RTCCT transaction code allows users to perform currency translation for all open items and balances in foreign currencies. It also allows users to select the exchange rate type and the exchange rate date for the conversion. The transaction code also allows users to select the posting period for the conversion. 
  
  Step-by-step How to Use: 
  1. Enter the RTCCT transaction code in the command field. 
  2. Select the exchange rate type and exchange rate date for the conversion. 
  3. Select the posting period for the conversion. 
  4. Click “Execute” to start the currency translation process. 
  5. Review and confirm the results of the currency translation process. 
  6. Click “Save” to save the results of the currency translation process. 
  7. Click “Back” to return to the main menu. 
  
  Other Recommendations: 
  It is important to note that this transaction code should only be used at the end of a month, as it will convert all open items and balances in foreign currencies into the company’s functional currency. Additionally, it is important to ensure that all exchange rates used in this process are up-to-date and accurate, as this will ensure that all financial statements are reported accurately in the same currency.