Extra entries in the exchange rate difference.
Hi Experts,
when posting exchange differences between payment posted on our vendor account & amount debited by the bank.
Itm PK Account Alt. A Assignment Acct short text Tx Amount Curr. Amount in LC LCur Text
1 50 3028120 666880 0090639040 XchgLoss-Imprt V0 442,56- USD 2.335,00- EUR Exchange difference for USD
2 50 1072010 580110 00000000 Bank Acct 11 C 87.947,44- EUR 64.659,84- EUR
3 40 1072010 580110 00000000 Bank Acct 11 C 88.390,00 USD 66.994,84 EUR
4 50 3028000 766000 0090639040 XchgGain-Imprt 0,00 EUR 399.361,47- EUR Exchange difference for USD
5 40 3028120 666880 0090639040 XchgLoss-Imprt 0,00 USD 399.361,47 EUR Exchange difference for USD
Now the question is why the 2 entries (4,5) are getting posted what is the effect of this where we can check the settings.
How can we correct the entry.
4 50 3028000 766000 0090639040 XchgGain-Imprt 0,00 EUR 399.361,47- EUR Exchange difference for USD
5 40 3028120 666880 0090639040 XchgLoss-Imprt 0,00 USD 399.361,47 EUR Exchange difference for USD
Please through some lights on this.
Thanks for your help in advance.
Sree
Hi,
to have this functionality you must define you GL account in OB09 and addicional accounts for exchange gain/loss.
let me know if it helps.
regards
Similar Messages
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Whrere to create the Exchange rate difference key in customizing?
HI All,
I've to create the Exchange rate difference key, to put in the master data of G/L Account.
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Thanks a lotHi,
to have this functionality you must define you GL account in OB09 and addicional accounts for exchange gain/loss.
let me know if it helps.
regards -
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Hello,
In the transaction OB09, I have given the GL account 702000 for exchange rate difference realized loss and gain.
I have also maintained the exchange rates in the transaction OB08.
In transaction F-44(clear vendor), I give the foreign curreny(EUR) in the entry screen. When I do a charge off difference, however, I need to enter the amount in local currency(USD) because our bank operates in the local currency. When I do a document simulate, it puts the exchange rate difference into another GL account (703030 - that we have defined for unauthorized deductions) and not the one defined for the exchange rate difference(702000). This does not happen if I enter the amount also in the foreign currency.
Could anyone tell me the reason for this and the correction measures.
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Edited by: Rugmani Rajan on Aug 27, 2008 11:35 AMHello,
The original problem is resolved. The current exchange rate was not getting uploaded to the system and as a result, the old exchange rate was being used. So it was putting the difference into the other account.
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Dear Gurus,
I have a query, I have defined an account in KDM. After the GR of the PO, if there is a difference in Exchange Rate system posts the Exchange Rate Difference to the Stock Account.
My client wants this this difference at the time of MIRO should be posted to the KDM account. I am invoicing in my Company Code Currency not in PO currency this is also a requirement.
Kindly provide me a solution for this.
Regards,If material price is standard then only KDM account will account.
Check this answered link [Exchange Rate Difference |Exchange Rate Difference]
Edited by: Jeyakanthan A on Aug 3, 2010 2:13 PM -
Exchange rate difference posted to Group currency only during MIRO
Hi SAP Gurus,
We're activating parallel currency in ML and USD is the group currency. GR/IR clearing acct is managed in local currency only.
OB22
Crcy Type 30 Group currency Currency USD
Valuation Legal Valuation
ER Type M Standard translation at average rate
Srce curr. 1 Translation taking transaction currency as a basis
TrsDte typ 3 Translation date
Please find below scenario:
Co code currency: ZAR
PO: ZAR
Upon GR:
Posting date- 04/14/2009 exch. rate 1ZAR= 0.11099 USD
Entry: debit Expense - 4,078.19 ZAR/ 452.64 USD
credit GR/IR acct - 4,078.19 ZAR/ 452.64 USD
Upon IR:
Posting date- 04/20/2009 exch. rate 1 ZAR= 0.11279 USD
Entry: debit GR/IR acct - 4,078.19 ZAR/ 452.64 USD
credit Vendor acct - 4,078.19 ZAR/ 460.02 USD
automatic additional debit Expense - 0.00 ZAR/ 7.38 USD
Here are my questions:
1.) Where would I check the setting for the GL account used in the automatic line entry posted in group currency during IR? (3rd line item above)
2.) Can this be changed? Say instead of the original acct assignment, the management want to change it to FX gain/loss account
3.) How?
I have checked several notes (331910,etc) but I can't seem to find the answers to my questions.
Appreciate your help. Thanks!
Regards
DruJust an update to this issue- I just found out that the system is pointing to KBS when posting the
exchange rate difference in group currency upon IR, hence, PO account
assignment is adopted. I'd like to rephrase my question- is there any
way we can change SAP behaviour such that it will point to other
transaction key (e.g. KDG) other than KDM? Bottomline is we want it
charged to other GL account not the one in the PO.
Thanks so much for your assistance.
Regards,
Dru -
Exchange rate difference screen
Forum,
Could i ask for some advice regarding the exchange rate differences screen. I currently have a scenario where i have 2 stock accounts.
One is USD$ the other is EURu20AC. These two stock accounts are normally revalued annually. The year end is: 31/01/11
I have since run the above routine for 31/01/11 and it gave me a large difference which is what i would expect to see as it hasn't been run for 12 months.
It has now been decided that the revaluation of the stock accounts will now be done monthly for the new year so I have run the exchange rate differences routine using the execution date: 28/02/11. The difference I have appearing in this months is huge. I would only expect it to me minimal as it should only revalue entries made in February (exclude those included in the previous month)? Instead, it appears to be being calculated on the overall FC amount which includes everything since the beginning.
Is this how SAP works?
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JuanHi Juan,
Here is some read for you. Very first line it says, the inventory valuation is for the entire stock.
It is quite likely you are getting a big difference, as US dollar has fluctuated 1.55/Euro to 1.2x /Euro. That is some 20 percent difference. You may be chosing FC rate of specific date.
Also, by any chance did you change the valuation method?
http://help.sap.com/saphelp_sbo2005asp1/helpdata/en/09/58078f4f91724b934c56c3c400f0f6/content.htm -
Exchange Rate Difference Error
Hi,
While posting payment through F-58, we are getting below error :
Ex.rate diff.accts are incomplete for account 0010500400 currency INR
Message no. F5063
Diagnosis
The accounts for posting exchange rate differences could not be determined. For the specified G/L account and the specified currency key, the accounts are only specified incompletely. Either the accounts for the implemented exchange rate difference, the accounts for the valuation differences or the balance sheet adjustment account are missing.
System Response
The system cannot generate the exchange rate difference posting.
Procedure
By pressing ENTER, you achieve that the document is reset to a status without automatic posting. In another window, you can complete default settings for exchange rate differences and post the document afterwards.
Proceed
However, all the necessary settings are made in KDF & KDB. Here we are processing payment for local vendor & the PO, GR, IR is done in INR then at the time of processing payment its giving above mentioned error. We are unable to understand that why system is asking for exchange rate difference account. Please suggest as the issue is urgent.
Regards,
VarshaHi Varsha,
As the message mentioned in detail, please check your configuration in tcode OBA1 again.
For Transaction type KDF, you double click to your GL account, and maintain the Valuation loss/gain, balance sheet adjustment in there.
For your ref:
You can read more information about this error in SAP note 12962 - Clearing Foreign Currency Items
https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/sno/ui_entry/entry.htm?param=69765F6D6F64653D3030312669765F7361706E6F7465735F6E756D6265723D313239363226
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Exchange rate difference in goods receipt
Hi all,
can I manage in the goods receipt (transaction MIGO) the exchange differences with the purchase order?
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thanks.
best regards, GaetanoHi
It is not posible to enter the prevailing exchange rate during GR or any kind of entry duriing entry for exchange. If you are a maintainting the table in OB08 for the indicator M then it will pick the last exchange rate from the table during GR. If you wish to change the do it IN PO header and fix it before carrying out GR for the PO. Document settings & behaviour for exchange during GR and other activities can be controlled by means of the indicator assignment in OBA7. You can always adjust the rates in MIRO also manually.
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Exchange Rate difference in Balance Sheet-Revaluation in Foreign Currency
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I wanted more clarification on the Exchange rate difference the system calculates when we generate a balance sheet and revalue at a fixed rate. The system does not give a breakup of the echange rate calculated. How do we arrive at the exchange rate.
And after having the exchange rate entries posted in the system. Can the system the show these values in the Balance sheet after Revaluation
Regards
FarheenDear Gordan
Below mentioned is the balance sheet which is Revaluated in Euro(System Currency)at a Fixed Rate of 1.42.
at the end of this report we can see that the system has calculated Exchange rate difference as Euro -66483.03 .We want a break up of that amount which is calculated by the system
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Computers
Office Equipment
Furniture And Fixtures
Vehicles
Medical Equipments
Tangible Assets
Capital Work-In-Progress
Capital Work-In-Progress - Assets
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Long Term Investments
Short Term Investments 104,895.10 104,895.10 104,895.10 104,895.10
Short term Investments
Long Term Investments 104,895.10 104,895.10 104,895.10 104,895.10
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Current Assets 25,037.04 25,037.04 11,089.20 11,089.20
Inventories
Sundry Debtors
Cash On Hand
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Loans & Advances
Loans to Subsidiary Companies
Loans to Employees
Advances Recoverable in Cash or for value to be received
Advances recoverable in cash or in kind
Prepaid Expenses
Advances recoverable prvn.for Doubtdebts
Deposits (General)
Advance Tax/Tax Deducted at Source
Pre-Launch Expenses (Deferred)
Liability 206,065.33 206,065.33 182,467.33 182,467.33
Loan Funds
Secured Loans
Term Loans From Bank
Short Term Loan from Banks
Vehicle Loans
Interest Accured But Not Due
Secured Loan from Companies
Unsecured Loans
Term Loans from Banks
Unsecured loans From Companies
Fixed Deposits
Unsecured loans From Holding Company
Unsecured loans From Subsidiaries
Deferred Tax Liability
Deferred Tax Liability
Deferred Tax Liability
Current Liabilities And Provision 206,065.33 206,065.33 182,467.33 182,467.33
Current Liabilities 182,467.33 182,467.33 182,467.33 182,467.33
Sundry Creditors 182,467.33 182,467.33 182,467.33 182,467.33
231101 - Sundry Creditors - Supplier 182,467.33 182,467.33 182,467.33 182,467.33
Advances From Customer
Overdrawn Bank Balances
Tax Deducted at Source
Tax Deducted at Source - Non Resident u/s 195
Other Taxes
Other Liabilities - Statutory
Other Liabilities - Salary Payables
Provisions 23,598.00 23,598.00
Provision for Expenses 23,598.00 23,598.00
232106 - Provision for Expenses 23,598.00 23,598.00
Income Tax
Accumulated Depreciation
Leasehold Improvements
Computers
Office Equipments
Furniture and Fixtures
Vehicles
Medical Equipments
Software & their License
Technical Knowhow
Equity -76,133.19 -76,133.19 -66,483.03 -66,483.03
Shareholders' Funds 1,176.47 1,176.47
Share Capital 1,176.47 1,176.47
Authorized Share Capital
Equity Share Capital
Issued, Subscribed And Paid Up Share Capital 1,176.47 1,176.47
311201 - Equity Share Capital 1,176.47 1,176.47
Reserves And Surplus
Share Premium Account
Profit and Loss Account
Profit Period -77,309.66 -77,309.66
Exchange Rate Differences -66,483.03 -66,483.03
Edited by: Rekha Nagaraj on Dec 7, 2010 6:14 AM -
F-28 Exchange Rate Difference Account with a zero posting
Hi SAP Gurus,
When I try to post an incoming payment, even though there are no exchange rate differences, the system post to exchange rate difference account. How to configure the system to stop displaying the exchange rate difference account when the difference is zero.
Regards,
SivaDear Siva,
I dont think that the system will post to exchange rate difference account if there is no difference. Probably you are seeing the doucment in the foreign currency. Try to simulate the entry and on the simulated screen, click on the "Display currency" tab on the top of the entry. That will show the simulated entry in the local currency. In the local currency, there may be some difference.
Check it and if useful, assign points.
Regards
Venkatesh -
Exchange rate differences take to long to run
I have a problem when I try to run the exchange rate differences, the screen take shows the accounts that I can revaluate
takes like 3 hours in order to appears, so I don't know is this is normal, 'cause I have others databases that shows me the screen very fast, so, is anybody knows what can I do to improvement that issue ?
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The account plan is around 795, and until now I have around 3,500,000 journal entries generated.
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Exchange Rate Differences function and when to use
The company I am asking about is based in the US, but also has offices and transactions in Canada. Does the Exchange Rate Differences function need to be run at month-end before finalizing the financials, in order to "re-value" the Canadian accounts, such as Accts Receivable, Accts Payable, Fixed Assets, etc. that may not have changed during the last month (no activity during the "current" month)? The financials are expressed in US Currency. Transactions during the month to the various Canadian accounts are "re-valued" at the time of the transaction entry, since the exchange rates are updated every day in the system. We need a clear-cut idea of when the Exchange Rate Differences function should be run.
I would say that you do need to do it. This is very important to ensure your account receivable control account (or payable) is revalued at the end of the month based on the new exchange rate.
I know some companies do not revalue the balances as it is not required. I think, revaluating the balance makes sense as it will give you a true picture of your payable or receivable at the end of the month. This is also a good way of accruing your exchange rate loss/gain.
Vincent -
Correct setting for exchange rates differences
Hey SAP B1 experts,
I have a problem with automatic generated exchange rates differences in B1.
Situation:
- I inserted all correct general ledgers in the g/l account determinations.
- The seeting in the item masterdata for "set g/l accounts by" is switched to warehouses.
- In the accounting setting in warehouses I inserted the p&l general ledger for exchange rates differences.
- I create a case which includes a exchnage rate difference.
- For the automatic generated entry the system use the general ledger which is inserted in the setting for "variance account" from the warehouse settings.
Is there any other general setting which is response for the using of the general ledgers for exchange rate differences?
Help!!
Regards
Thomas BartelsHey Shanker,
thank you for your realy quick answer.
In administration -> setup -> inventory -> warehouses I inserted the correct p&l account for the exchange rate differences in the seeting field "exchange rate differences", but the system don't use this setting. In my test case the system use the account from "variance account".
My questions are on the one hand why and on the other hand is there an other setting for using the correct account setting.
Regards
Thomas -
Exchange rate difference in f-03
Hi all
pl. help me. I am not able to clear open item in f-03 which is maintained in BRL. I am posting payment in usd. the error reads:
Ex.rate diff.accts are incomplete
Diagnosis
The accounts for posting exchange rate differences could not be determined. For the specified G/L account and the specified currency key, the accounts are only specified incompletely. Either the accounts for the implemented exchange rate difference, the accounts for the valuation differences or the balance sheet adjustment account are missing.
System response
The system cannot generate the exchange rate difference posting.
Procedure
By pressing ENTER, you achieve that the document is reset to a status without automatic posting. In another window, you can complete default settings for exchange rate differences and post the document afterwards.
I have called transaction OBA1, and entered the GL a/c and currency BRL. Even i cannot save it says
"Enter line items first or choose open items"
pl reply friends urgently
Thks
umaHi Uma,
Exchange Rate has been defined both the end. Like INR = USD and USD = INR.
Here you are not yet defined GL account for Exchange Rate Difference account (Gain or Loss).
T.Code OB09 Define G/L , Currency and Currency Type.
Before that you would have the GL account please create in FS00.
Hope it will help you.
Regards,
Sivakumar Sathiyamoorthy
+919916131375 -
SGD Exchange Rate Difference JE appears in Customer Aging Report
Dear Experts,
SAP Version: 8.81
Local Currency: SGD
We perform Exchange Rate Difference for a USD BP to calculate the unrealized gain/loss during month-end, JE created successfully.
Next, we go to Customer Aging Report and select this USD BP.
When i choose to view the Aging Report in Local Currency, the USD Invoice will appear in SGD + Exchange Rate Difference JE in SGD, the total balance can appear in SGD with no problem.
When i choose to view the Aging Report in BP Currency, the USD Invoice will appear in USD + Exchange Rate Difference JE in SGD, i can't see the total balance as it is appeared as xxxxx.
Above is the behaviour in 881.
Last time in SAP 2005, when i choose to view the Aging Report in BP Currency, the Exchange Rate Difference JE in SGD will not appear, therefore i can see the total balance in USD.
What is your opinion about the behavior in 881? Will you consider it as design or issue?
Thanks.
Regards,
Lay ChinDear all,
This problem is no longer there when upgrade to 881 Patch 08.
Regards,
Lay Chin
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