AP GBP Invoice Exchange Rates incorrect in MRC SOB

Our functional currency is GBP. AP is picking up GBP invoice dates as the exchange rate date meaning USD equivalent(in MRC SOB) is picking up the exchange rate associated to the invoice date. Which is wrong and should be picking up the payment rate date.
Oracle say that MRC uses the exchange rate date to determine the rate. For our GBP invoices this field is not available. Therefore, this field is null and it will then use the transaction date.
Has anyone else experienced this? If so, what is your workaround - if any?
Thanks in advance,
Jovanka

Hi,
Please check the following settings :
Go to IMG --> General Settings ---> Currencies ---> Check Exchange Rate types
Select the Exchange Rate Euro and check mark the EMU check box . Save it
Rgds,
Suresh

Similar Messages

Wrong exchange rate entered for MRC conversion. How to correct it?

Oracle GL with MRC instance
RDBMS : 9.2.0.5.0
Oracle Applications : 11.5.10.2
We entered wrong exchange rate in daily rates for MRC conversion for APR-11 period. Users already posted 5000 je lines in local currency which have been booked in MRC books with the wrong exchange rate.
Is it possible to reverse those JEs and then correct the exchange rate and re-enter the period JEs?
Is there another alternative?
In AR there are some invoices and payments but no accounting process have been executed. If we correct the x-rate and then run Payables Accounting Process will those transactions be accounted with the correct x-rate?
Any advice will be welcome.
Francisco.

First thing is, "Maintain Masterdata" option is disabled for 0RTYPE, because Master / Text data is not enabled for this object. This is the only reason, why system does not allow you to maintain the master data.
Regarding the SID error, have you restricted the 0RTYPE with the 9165 in your query?
- Danny

Exchange rate incorrect.

Hi,
We have just found out that on the 1st April the exchange rate has been set up incorrectly (1.199 instead of 0.79) and all the Goods receipt done that day have the incorrect value.
Is there a way to correct it? Can you suggest what kind of Journal entry we have to do to adjust the situation?
Thank you,
MB

Hi Matthew,
ideally you would find all affected transactions & cancel them with a reversal document & appropriate explanation about why you're cancelling. You'd then change the exchange rate to the correct one & re-enter all transactions. Here you should make sure that indeed only goods receipts are affected.
This should be done when nobody else is logged into the database.
You then need to sit down with the accountant & check the inventory valuation of all affected items, since the item cost has changed. You might need to revaluate some stock depending on how many incorrectly priced items have already left the warehouse. If the gross profit calculation is done by item cost, some adjustments might also be necessary there.
All the best,
Kerstin

Listprices in Euros, company currency in GBP variabe exchange rate.

Hi
I'm new to the forum so please excuse any etiquette slip ups..
We are based in the UK part fo a larger european group. Our plant / company currency is GBP, we plan to wswithc to Euro list pricing to being it into line with Euro zone. We need a mechanism to switch the exchange rate in the sales order from EUR to GBP at a rate that can be altered by the user on an order by order basis. At the moment as the base currency is GBP the rate is fixed at 1.00 even though the EUR prices have been converted. anyone got any ideas, our techies are scratching their head..
Regards
Gareth

Hi Bowengar,
If i understand your requirment, you want the possibility of user changing the currency in each sales order . First of all currency in (Document) sales order gets defaulted from the customer master which can be changed manaully in the sales order by "gotoheader salesdoc currency". Her the currency can be change by user. and When it comes to the exchange rates , system determines the exchange rate based on the entries maintained in the table "TCURR"(Transaction "OB08). You can specify the exchange rate type in customer master and for the exchange rate type and from GBP-EUR, YOu can maintain the rates in OB08. If you want the exchange rate which gets passed to accouting, user can always enter it manually in sales document headerAccounting tab. Once you process the delivery and want to create the billing document ,system takes the exchange rate to be determined based on the option specified in to copy control "VTFL" at the item level/Kindly please let me know If you need any more information on this.
Regards,
Ram Pedarla

MIRO - Postings during Foreign invoices - Exchange rate variance

Hi
I noticed while posting foreign exchange PO's where there is both price variance and exchange rate difference the system posts price variance in foreign currency with a local currency amount of 0 and posts foreign exchange variance in local currency with a foreign currency amount of 0.
can someone explain whether this is standard SAP? What is the logic? How do we do reporting in such cases?
Thanks
Raj

Hi,
As far as foreign exchange rate variance the entries are correct. The difference will be only in Local Currency and not in transaction currency. For example if the transaction currency is USD and Local currency is INR, when there is a change in exchange rate the difference is recorded only in INR. As far as USD is concerned there is no change.
Thanks
Murali.

Exchange rate EURX not calculate exchange rates between USD and GBP

We have set ExRt as following:
Exrt Usage Ref. crcy
EURX EMU EUR
we have "EMU" flag checked also.
We are maintaining exchange rates (EURX) for EUR with all others currencies.
We expected that, if we have a CoCode set in GBP and we post a document in USD, SAP will calculate GBP <->USD from exchange rates EURX(USD/EUR) and EURX(GBP/EUR). It seems to be incorrect because the system is ignoring EURX exchange rates and using "M" GBP-USD exchange rate and this was not expected by us.
Could you please tell me if it is correct to expect SAP calculates USD-GBP Exchange rates from EURX(USD/GBP) Exrate or I am wrong and I need to maintain "M" exchange rates for USD-GBP.
Thanks in advance

Hi,
Please check the following settings :
Go to IMG --> General Settings ---> Currencies ---> Check Exchange Rate types
Select the Exchange Rate Euro and check mark the EMU check box . Save it
Rgds,
Suresh

Exchange Rate calculation mismatch in Sales Order Invoice and Cancelled Invoice

Hi,
In Sales Invoice, Exchange Rate is maintained as 7.75132
Invoice Amount is 72000 USD. So the Amount calculated should be 558095.04.
But in Accounting Document the Amount is posted as 558095.15 for the GL Sales Account.
In Cancelled Sales Invoice, Amount posted is 558095.04 in GL Sales Account which is correct.
Please help me understand why there is difference in both the Amount even when the Exchange Rate is same.
Regards,
Debashri Dutta

Hi Ankur,
Thanks for your reply.But our problem is sales order,exchange rates are defined with M type in OB08 as u have said.However when the periods are different for order entry and invoice generation we are facing the following problem.Orders are at old exchange rates and excise invoice is getting generated at current exchange rate.This is resulting in value difference between commercial invoice and excise invoice.
Please help.
Regards,
Praveen

Addl LC Activated, No Exchange Rate Differences Posting on AP Invoice

We set up a new Company Code for India. The CoCode is configured as USD. We have configured INR as an Additional Local Currency (LC2) for statutory reporting. The INR is configured as 'Hard Currency'.
Since going live, we've come to learn that paying USD invoices is not generating INR exchange gains/losses with changes in exchange rate between INR and USD. When I look at a clearing document, both lines are posted at the historical invoice exchange rate.
For the statutory accounting to be correct, I would have expected the AP payment document to clean the vendor line at the invoice exchange rate and the offset line to post at the current exchange rate. I would have then expected a third line to the payment document with the offset to exchange gain/loss. The exchange gain/loss line would post with a USD amount zero with an INR amount in the Hard Currency/LC2 field.
I believe the Open Item configuration (TransCode OBA1, KDF item) is correct. The Currency Type is 'BLANK'; therefore, good for all Currency Types including the Hard Currency.
I can't figure out what the heck I'm missing! Anyone have any idea why the clearing AP invoice is not generating the exchange gains/losses as expected?
Thanks in advance for any assistance!

Gordon,
When you say
"With this version, you probably have very few options"
Does this mean with SAP B1 2007 the same problems are not there.
Please say its so and i'll upgrade immediately as I'm experiencing the same problem as the one described above by Claudio
We use one exchange rate per month. We have BP accounts whose currency is Multi Currency this is where the customer would pay either in LC (KES) or SC (USD).
The problem occurs when running conversion differences, the journal entry to the unrealized exchange gain\loss is one-sided i.e. only the SC currency is posted.
This leads to both the P&L and the Trial balances being wrong.
Thanks in advance for any assistance
Regards,
Michael Mbiyu Itotia

Vendor Invoice w/ different exchange rate on taxable amount and tax amount

Hi Experts,
I have an issue with regarding the Vendor Invoice with Foreign Currency. Normally we use JPY as our base currency and system exchange rate for out Vendor Invoices. But there was an audit issue pointing out that the Original Vendor Invoice is not tallied with the SAP Invoice as the tax amount is not the same. The problem is the Original Invoice has the Vendor Exchange Rate and it is not the same with the system rate that we use. Auditor tells us that we should use the Vendor Exchange Rate for Tax Amount and use the System Exchange Rate for the Taxable Amount. Is this possible? Can we use 2 Exchange Rates in a single Invoice Document one for the taxable amount and one for the tax amount? How can we possibly do this? Or any workaround?
Thanks a lot for the information!

I think its a bit misleading...The requirement is to post an Invoice with a base taxable amount of Exchange Rate A and a tax amount of Exchange Rate B. The Base Currency is JPY and the System Currency is SGD. So the Report S_ALR_87012357 should see the amount in SGD there. The Issue is caused by the different exchange rate on the tax amount submitted by the Vendor Invoice.
Example: Vendor Invoice Amount: 926,413.00 JPY, then we created PO to Invoice with Base Currency JPYalso amounted 926,413.00 JPY. However, in the Vendor Invoice Amount, the Tax Chargeable is 923.00 SGD (based on their exchange rate 65.66 JPY per SGD). But our Exchange Rate (System Rate) is 63.49 JPY per SGD. How can we reflect the Tax Amount as 65.66 JPY but still the correct SGD amount is based on the Vendor Original Invoice Exchange Rate 65.66 and not the System Exchange Rate, 63.49 in the same Invoice Creation (MIRO)?

Exchange Rate posting to P&L vs B/S during netting, invoice payment and app

Our Netherland company has local currency EUR and group currency USD. We also have a US company where local and group are USD. We consolidate and report in group currency USD.
In NL company, we would like all exchange differences to go to f/x P&L account (both group and local) when the transaction currency is in anything but EUR. However, when the transaction currency is in EUR, we would like the difference in group currency to go to CTA account. How can we acheive that since there is only 1 account that we can use for a group currency?
Thanks

Hi,
Then you need to change the exchange rate based on your LIV posting date.
Check in OB08 with exchange rate type "M" , as when ever the difference in PO and Invoice you need to ask the finance team to change exchange rate as per date on which you receive the Invoice so the posting is done as per the vendor invoice exchange rate.
Do refer the below KBA which explains you in detail how the exchange rate works during MIRO.
KBA: 1700942 - Exchange rate cannot be changed as changing the posting date during logistics invoice verification

FM exchange rate differences during the invoice posting

Hello Experts,
We are working in a public project and we are facing the following:
Due to the exchange rate an invoice is bigger in local amount (EUR) than the PO. In other project, we were moving that difference to another P&L account out of budget. However, here in this project, due to the legal requirements all amount of the budget has to consume budget. Could you help me to resolve this isssue please?
Thanks in advance.
Regards.
Ahmed.

Hi,
Then you need to change the exchange rate based on your LIV posting date.
Check in OB08 with exchange rate type "M" , as when ever the difference in PO and Invoice you need to ask the finance team to change exchange rate as per date on which you receive the Invoice so the posting is done as per the vendor invoice exchange rate.
Do refer the below KBA which explains you in detail how the exchange rate works during MIRO.
KBA: 1700942 - Exchange rate cannot be changed as changing the posting date during logistics invoice verification

Exchange Rate Mismatch in Credit Memo CO-PA Document

Hi,
Exchange Rate in Sales Invoice is 23.081211 (from Tcode Ob08)
Exchange Rate in Credit Memo is 23.0812 (maintained manaully)
But Co-PA document is calculated according to the Exchange Rate as 23.081211
Please let me know why Co-Pa Document is calculated according to Sales Invoice Exchange Rate and not Credit Memo Exchange Rate.
Regards,
Debashri Dutta

Hi,
Checked. Its according to the Cancelled Sales Invoice. But CO-PA Document Calculation is according to the Sales Invoice.
Regards,
Debashri

Intercompany billing exchange rate is not updated on change of the currency

Hi,
I create a intercompany billing via VF01 with reference to a outbound delivery, and the currency is picking up from the customer master which is USD. But I need to change the currency to be the same as the PO which is GBP. So I change the currency field from USD to GBP in VF01 (both header and item level), the exchange rate field remain unchanged and still showing the USD rate instead, and the price is wrong.
Anyone know what happend to this? Appreciate your advice.
Thanks,
YH

Hi Damu,
Once you change the header currency, line item currency will be changed also.
My problem is even I've change the currency to let say GBP, the exchange rate shown in the billing document is still in USD rate, but NOT in GBP rate.

Different Exchange Rate between Daily Transactions and Tax Transactions

Hi All,
I would like to ask abount define Exchange Rate for tax calculation. I set our standard exchange rates (For Daily Transactions) by using exchange rate type 'M'. But I want to calculate the tax element using exchange rate type 'T'. It is because there is a different exchange rate which is used for Daily Transaction and Tax Transactions. Does anyone know a way of doing this in config to separate this exchange rate for tax calculation?
Thanks for any help,
John

I think its a bit misleading...The requirement is to post an Invoice with a base taxable amount of Exchange Rate A and a tax amount of Exchange Rate B. The Base Currency is JPY and the System Currency is SGD. So the Report S_ALR_87012357 should see the amount in SGD there. The Issue is caused by the different exchange rate on the tax amount submitted by the Vendor Invoice.
Example: Vendor Invoice Amount: 926,413.00 JPY, then we created PO to Invoice with Base Currency JPYalso amounted 926,413.00 JPY. However, in the Vendor Invoice Amount, the Tax Chargeable is 923.00 SGD (based on their exchange rate 65.66 JPY per SGD). But our Exchange Rate (System Rate) is 63.49 JPY per SGD. How can we reflect the Tax Amount as 65.66 JPY but still the correct SGD amount is based on the Vendor Original Invoice Exchange Rate 65.66 and not the System Exchange Rate, 63.49 in the same Invoice Creation (MIRO)?

Different exchange rate on each material issued for order

Hi all,
I have strange situation like this. Controlling area currency is USD and object/company code currency is THB. When i do Good Issue for production order, system use different exchange rate for each material although all of these material are posted on the same posting date for good issue.
Example :
I do Good issue material A and material B for production order 100000 at posting date 01.03.2008. When i look into cost analysis and look for USD currency, i found that exchange rate for material A is 30 THB/USD and exchange rate for material B is 25 THB/USD. FYI i use exchange rate type m. How can this happen?? How can each material have different exchange rate although its transaction at the same posting date??
I'm waiting your advice.. Maximum point will be given.
Best regard,
Yudha

I think its a bit misleading...The requirement is to post an Invoice with a base taxable amount of Exchange Rate A and a tax amount of Exchange Rate B. The Base Currency is JPY and the System Currency is SGD. So the Report S_ALR_87012357 should see the amount in SGD there. The Issue is caused by the different exchange rate on the tax amount submitted by the Vendor Invoice.
Example: Vendor Invoice Amount: 926,413.00 JPY, then we created PO to Invoice with Base Currency JPYalso amounted 926,413.00 JPY. However, in the Vendor Invoice Amount, the Tax Chargeable is 923.00 SGD (based on their exchange rate 65.66 JPY per SGD). But our Exchange Rate (System Rate) is 63.49 JPY per SGD. How can we reflect the Tax Amount as 65.66 JPY but still the correct SGD amount is based on the Vendor Original Invoice Exchange Rate 65.66 and not the System Exchange Rate, 63.49 in the same Invoice Creation (MIRO)?

AP GBP Invoice Exchange Rates incorrect in MRC SOB

Similar Messages

Maybe you are looking for