F-05 Post Foreign Currency Valuation (Currency conversion is wrong)

Hi Expert,
The user is not able post a document. The system prompt out error message : Enter rate GBP/MYR rate type M for 30.06.2010 in system settings. But in our SAP system. The currency conversion maintain in system is GBP/RM. The document heading also specific the currency as RM.
I did a simulation in our TEST server. The document only able post if I update the exchange currency GBP/MYR into OB08.
Please advise how to remove the setting GBP/MYR, the correct setting should be GBP/RM.
thanks.
rgds,
tee

Hi expert,
I found the table (T000) Crcy (Currency) was updated as MYR on 29.06.2010, under user ID : Admin. How can this happen ?
At General Settings > Currencies > Check currency codes, RM was ticked as primary.
Am i need to update the T000 to RM for solving the error message : "Enter rate GBP/MYR rate type M for 30.06.2010 in the system settings", so that it can retrive the GBP/RM ?
thanks.
rgds,
tee
Edited by: Tee Chai Sin on Jul 12, 2010 4:52 AM

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Thanks a lot for your answer. Yes, they are separate systems
Let me see if I understand your suggestion:
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Hi ,
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Build Up:
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Debit u2013 Cash
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Companies fiscal year is June u2013 May.
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HI ,
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Dear experts,
Our client wants to evaluate the balance of down payment account after each partial clearing with invoice.As down payments are being posted by special G/L indicators, they are not able to post to the down payment account directly.
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Hi Rezvan,
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Hi,
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Please refer below link for details:
http://help.sap.com/saphelp_oil46csp2/helpdata/EN/96/8b331243ce11d189ee0000e81ddfac/frameset.htm
also refer below post:
F.05 Foreign Currency Valuation
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Hi Friends.
In F-05 (Post Foreign Currency Valuation) when I mention the amount in GBP which is a foreign currency and proceed to post, the other currency fields are not populated (Local currency and Hard curency)
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I think there is some issue with the process, normally vendor/customer reconciliation account or some liability assets related account which has impact due to foreign currency rate changes needs to be revaluated. I don't understand why you have set up foreign currency valuation for GR/IR account, these are intermediatory account which reflects in system between for example GR and IR.
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Hi Experts,
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regards
kumar

Dear Kumar,
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-> Enter Exchange RatesExchange rates are required to:
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the rate types under which you want to store your exchange rates in the step
"Check Exchange Rate Type"
the required currency keys in the step "Check Currency Codes"
the conversion factors for
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-   the date
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·        Foreign currency balance sheet accounts, that is, the G/L accounts that you run in foreign currency.
The balances of the G/L accounts that are not managed on an open item basis are valuated in foreign currency.
·        Open items that were posted in foreign currency.
Open items that are open on the key date are valuated in foreign currency.
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Naveen.

Error while running the foreign currency valuation

hello frnds,
i got the following error while running the foreign currency valuation.
No accounting principle assigned to valuation area
Message No.fr894
Diagnosis
In customizing the valuation area is not assigned to an accounting principle. You can use the accounting principle to define the general ledgers in which posting takes place.
System Response
Error msg
Procedure
Assign the valuation area to an accounting principle.
Above is the error message, but I created valuation area and assigned it to an accounting principle.
Guide me with some inputs.
Regards,
Siva

Hi,
Please check the following path
IMG > Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Parallel Accounting > Assign Accounting Principle to Ledger Groups
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jigar

Error when using automatic clearing (F.13)with foreign currency valuation.

Hello all
below is our problem, please suggest us a solution
We are experiencing a problem when running the automatic clearing in SAP. Somehow, the system seems to clear (with no reason) open items created with the revaluation of foreign currency.
Let's say that we run the valuation of open items in foreign currency for December 31, and we run the program to post the reverse entry as of January 1 of the next year. As a result of this valuation, the system calculates a loss of 10 euros. Therefore, it posts a document with a debit entry of 10 into the Loss account, and a credit of 10 in to account where the valuation was carried out. This document has a posting date of December 31. The batch program also creates the reversing entry, this time a credit entry into the Loss account, and a debit into the original account.
If now, we try to run the automatic clearing (F,13) on December 31 for those accounts, the system will create (automatically) a document on December 31, similar to the reversing entry that the valuation created, clearing at the same time, the first document that the valuation originally created.
The final result then is that the valuation makes a posting, and we end up having two reversing entries. Does it make sense?
In our scenario in the system P70, for MX10, we have a foreign currency valuation run on December 31st, which posted the document numbers:
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2) In the same batch, the system also books a reversing entry (doc 5100000042/2009) with posting date 01.01.2009 with exactly the same opposite entries as in the previous document.
3) After this, we run the automatic clearing with posting date 31.12.2008, and now, the system creates automatically the document 5000003236/2008, which clear the original document, 5100004579.
The final result, as you can see, it's out of balance, there is an additional document that we need to reverse.
Thanks in advance
sujatha

To my knowledge you get do two things:
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With the info provided, this is the only thing I can suggest.
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~Vishal.

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