Accounting in foriegn currency

In my case, there is only one company code but they are involved in import/export. So I want to cofigure the SAP system which can record the transactions in foriegn currency without group currency configuration.

If your requirement is to post in difference currency, you can set the requirements like:
Currency translation ratios : OBBS
Maintain Exchange rate : OB08
Then you can post in other currencies.

Similar Messages

  • Accounting of foriegn currency transactions

    In my case, there is only one company code but they are involved in import/export. So I want to cofigure the SAP system which can record the transactions in foriegn currency without group currency configuration.

    If your requirement is to post in difference currency, you can set the requirements like:
    Currency translation ratios : OBBS
    Maintain Exchange rate : OB08
    Then you can post in other currencies.

  • APP RUN Error -Foriegn Currency

    HI Guru's,
    Iam trying post  APP run for Foriegn currency showint following error..
    Job started
    Step 001 started (program SAPF110S, variant &0000000004436, user ID RJRAO)
    Log for proposal run for payment on 21.08.2008, identification T4
    >
    > Additional log for vendor 302289 company code G1SG
    >
    > -
    Payment method selection additional log
    > Payment method selection for items due now to the amount of USD       25,000.00-
    > Payment method "B" is being checked
    > Bank details are being checked
    >    Customer/vendor bank details are being read
    > Country SG / Bank number 7375048 / Account 3043051758 ...
    >     Customer/vendor bank details are being checked
    >   System reads house banks and checks if they are allowed
    >   House bank is selected ...
    > No suitable bank can be selected for comp.code G1SG pmnt meth. B curr. USD
    > Payment method "C" is being checked
    > Payment amount is not within the limits allowed ( 0.00 - 19,999.99 )
    > Payment method "I" is being checked
    > Bank details are being checked
    >   System reads house banks and checks if they are allowed
    >   House bank is selected ...
    > No suitable bank can be selected for comp.code G1SG pmnt meth. I curr. USD
    > No permitted payment method exists
    Information re. vendor 302289 / paying company code G1SG ...
    ... payment not possible because of reported error
    End of log
    Job finished
    regards
    Dhana

    Hi Janardhan...
    Sorry if this is not the correct place to put my question... Can you please provide any documents or any links for setting up the Workflow approval process for parked documents as you have already done that ...
    Please kindly help me...will be really thankful

  • Foriegn currency fluctuation

    Hi experts
    I have made PO for 1kg and price is 1 USD
    I have made a PO on 1 march. in USD. tht day 1 USD = 50 INR
    I did GR on 1 April . tht day 1 USD = 53 INR
    I paid vendor in USD on 15th april  tht day 1 USD = 55INR
    During GR I want accounting : debit Material : 53 INR
                                                 credit GR/IR : 53 INR
    During MIRO I want accounting : Debit  GR/IR :53 INR
                                                    Debit foriegn currency fluctuation : 2 INR
                                                    credit vendor : 55 INR
    The above accounting is what i want to be in my system but it is not happening.
    Can u please tell me how to achieve this type of accounting??? what are the settings for it?

    Hi
    Maintain the config settings for exchange rate fluctuation in MM - LIV - incoming invoice - Configure how exchange rate differences are treated (between GR and IR). Then maintain OBYC settings for KDM transaction key. If there is any exchange rate difference between GR and IR, it will hit KDM defined GL account.
    Thanks

  • Reg:Foriegn Currency Revaluation

    HI all,
    What is the use of Foriegn Currency revaluation and how to configure it.
    regards
    JK

    Hi,
    Normal Business practice is to revalue the foreign currency balances (Vendor balances, Customer balances and other GL Accounts) at the end of every month. And this is reversed on the first day of the subsequent month.
    Further, when the year end revaluation is done for Balance Sheet purpose, the same is not reversed.
    Thanks
    Murali.

  • APP RUN-Foriegn Currency

    HI Guru's,
    Iam trying to run for foriegn currency its shwoing folllowing error.
    Job started                                                              
    Step 001 started (program SAPF110S, variant &0000000004418, user ID RJRAO)
    Log for proposal run for payment on 21.08.2008, identification JOT5      
    Information re. vendor 302289 / customer  / paying company code G1SG ... 
    Payment with currency USD, payment method : No valid payment procedure   
    Information re. vendor 302289 / paying company code G1SG ...             
    ... payment not possible because of reported error                       
    End of log                                                               
    Job finished                                                             
    how to solve it
    regards
    JK

    HI
    Check Payment method in T.C FBZP for currenices allowed for APP. If any currency code is mentioned in currency fields only that currency are allowed for running  APP.(for allowing all currency don't mention any currency in this field)
    Check it for company code  level
    Thanks & Regards
    CRM
    Edited by: crm on Aug 21, 2008 8:35 AM

  • Foriegn Currency Vendor

    Hi,
    We are with SRM 4.0, Extended Classic Scenario. We have one backend Purchase Organization (=1000) and Local SRM Purchase Organization.
    In ECC we are creating the Vendor with Purchase Org 1000 and while replicating to SRM we are selecting the check box 'without refrence to backend purcahse org' and we are selecting 'SRM Purchase Org' and Defualt Order currency as USD. So the foriegn currency vendors also replicating to SRM as USD. Is there any other way to replicate the foreign currency Vendor as their orginal currency in ECC.
    SRM Administrator run this T Code at end of every business day and he dont know which vendors are with Foriegn Currency Vendors.
    Thanks in advance. Points will be rewarded
    Thanks
    Navven

    Hi,
    As of SRM40, you don't have to use a local Porg anymore for ECS scenario. For thsi you have to implement OSS notes 944918 and read consulting note 946201.
    As a consequence, the vendor replication is possible WITH reference to backend Porg.
    Thus, the backend vendor currency is used.
    Kind regards,
    Yann

  • Foriegn currency in unique format

    Hi Gurus
    This is regarding, I have requirment in rdf report. i want to display foriegn currency in unique format . how to do this in rdf. Please help me it is urgent.
    regards,
    Sreeni.

    phani,
    Specify Custom Data format for the numeric field...Go to Data format tab>Check "Override Default Data Format">Select "Custom" from the drop down and put some thing like # ## ### ###.#0
    which result in spaces instead of comas in your column as well as grand total for that particular column.
    mark answers promptly.
    -bifacts
    http://www.obinotes.com
    J

  • Stock account with foreign currency

    Hello ,
    I have a problem about stock account with foreign currency.
    We use standart price and material legder is active.
    Our local currency is TRY. We have both TRY , EURO and USD standart price  in material master .
    I created PO with EUR currency.
    When I make GR , system posted standart price to stock account with TRY correctly. But it's again calculated euro price with daily rate and posted new price to stock account.
    I have a Euro standart price . Why system is again calculated with daily rate for stock account?
    thanks,

    solved

  • Error: Vendor 500075 does not have a bank account in transaction currency

    Hi Experts,
    I am getting a hard error while trying to post Vendor FI invoice.
    Error: Vendor 500075 does not have a bank account in transaction currency
    Message no. Z0066
    Please advise.
    Regards,
    Simar

    Hello,
    Please check ob28 ( or ggb0 ) to see if you are using any validation rule to this process. This message Z0006 seems to be
    a custom message defined by your company.
    Regards,
    REnan

  • Balance sheet adjustment account for Foreign Currency Valuation

    Hi all,
    I know that we enter AP /AR balance sheet adjustment account for Open items account when we configure for Foreign currency valuation with Tcode OBA1 and KDF. I wanted to know what account can I enter in that field for other balance sheet account which are not open item managed?
    Also, Do we valuate GR/IR accounts in foreign currency valuation??  If yes, what balance sheet adjustment account do we enter for those accounts?
    Thank you.

    HI,
    The valuation of <b>foreign currency balances</b> requires a special key that is assigned the gain and loss accounts for posting any exchange rate differences that occur during valuation. You can freely define this key. You then enter it in the master records of the accounts that you want to valuate. To post the differences that are determined from a group of G/L accounts to the same gain or loss accounts, enter the same key for all these G/L accounts.
    Create the Create here with Tcode OBA1 and KDB-Exch. Rate Diff. using Exch. Rate Key
    And assign this in the GL account master in the Control Tab.
    Thanks
    Vijay

  • Error: Transaction currency differ from Account or BP currency

    Hi all
    While adding Goods Receipt PO I am getting this error "Transaction currency differs from account or BP currency-Goods Receipt PO"
    For your information I am using Foreign Vendor dealing in UD Dollar and following setting in Basic Settings:
    1)Local  currency = Indian Rupee
    2)System Currency= US Dollar
    3)Default Account Currency = All Currencies
    PLz solve the issue.
    Kush

    Hi Khushwant
    Check the related G/L accounts are set to multi currency. In this case Trading Stock and Allocation Account. If you are using Freight charges (Additional Expenses) then check their G/L accounts too.
    Kind regards
    Peter Juby

  • Foriegn currency selling rate to maintain in document header

    Hi
    I want to maintain the selling rate of my foriegn currency in my document header item and system shoucl capture the exchange rate gain or loss posting in line item
    Thanks & Regards

    ME_PROCESS_PO_CUST Badi can be used to process the Header data of the PO . The header data can be changed from this Badi.
    -Hari.

  • Postings can only be made G/L Account 400000 in currency EUR

    hi gurus,
    when i try to create a quantity contract using me31k...
    the following error comes:postings can only be made G/L Account 400000 in currency EUR
    1) by changing EUR to INR in G/L acc will b the solution?if so how to do that??????wat t.code??
    2)by givin some exchange type and convertin from EUR to INR will b the solution???if so how to do that???
    help me friends....
    as soon as possible...

    Hi,
    I think for that account posting in local currency is enabled.
    Goto FS00 , give the account no , company code and press enter .
    Now goto Control data tab .
    There will be a check box -- Only balances in local currenciey .
    Remove the check box and try again.
    Regards,
    Anupam

  • Fees account for foreign currencies in payment run F110

    Dear all,
    I have a problem with a house bank with several bank accounts. At the foreign currency accounts with the same account number, the bank charges are always charged at the foreign currency accounts and not at the Euro account (house currency).
    Our desire is that the bank charges are settled in the Euro account.
    It seems, that for each record of a foreign currency account to be debited, it requires an own charge account. For foreign currency accounts with different account number to the Euro account is the setting without any problems. In the house bank with foreign currency accounts the fields for the fee accounts were not filled in the payment transfer medium.
    How should the setting be, so that bank accounts with different currencies, the fees are cleared only on the Euro account?
    We have SAP ECC 6.0 with SAP_APPL 600 Level 12.
    If I have missed important information or if my words were indistinct please feel free to ask.
    Thanks for any help.
    Greetings

    Hello Marssel,
    sorry, perhaps I described my scenario wrong.
    I have only one House Bank with several Account IDs. All but one have the same Bank account number.
    For example:
    House Bank......................Account ID........................Bank Account No
    050.....................................AUSL.................................0444940000
    050.....................................CHF....................................0444940000
    050.....................................EURO.................................0444940000
    050.....................................SCHCK...............................0444940000
    050.....................................SGD...................................0444940001
    050.....................................USD....................................0444940000
    This is the "Bank Account Overview" in transaction FI12.
    The house bank country in FI12 is DE for Germany and the ISO Currency Code for the Charges Account is EUR.
    The Bank Number and Account Number (0444940000) for the Charges Account are also filled in FI12.
    The currencies of Bank GL Account in FS00 are for the foreign currency accounts CHF, SGD and USD. The rest are in house currency EUR.
    After starting F110 the bank fees are charged at the foreign currency accounts in CHF and USD. But we want that they are charged over the Euro account in Euro.
    Thanks for your help.
    Greetings

Maybe you are looking for