Auto Assigned distribution rule to exchange gain/loss acct in Banking

Hi All,
I have a customer that have this requirement. They wanted the exchange gain/loss account generated by Incoming payment or Outgoing payment to be auto assign with profit center if it is defined at the payment screen.
The result now is, even though you have assign the distribution rule on each reconciled invoice during payment, double entries generated will not have any distribution rule assigned even though it involve exchange gain/loss that is P&L account.
Thanks in advance.
Regards,
MH

Hi Kamlesh,
Thanks for the reply. However, we can't assigned the distribution rule at Chart of account as the incoming or outgoing payment may involve different division each time thus the exchange gain/loss account should be assign to respective division. Thanks.
Regards,
MH

Similar Messages

Wrong CO object assign. on account for exchange gains/loss

Hi!
When running outgoing payments in transaction f110 realized exchange
gains/losses sometimes exists (account 796200). These gains/losses
should always be assigned to cost center 11100. Therefore, we have made
an default account assignment on this both in OKB9 and on the current
cost element. Despite this, when running transaction f110, account
796200 is assigned to the same cost center as the offsetting account
that the account payable invoice is set against in transaction fb60
when entering the account payable invoice. How can we solve this?

Thanks for your answer!
Nope, I don't have to separate cost elements, one for gain and one for losses, because the customer wanted to use the same account (and cost element). Therefore, I used cost element category 1 on the cost element so that credit postings (in this case: gains) can be posted to the cost center. I donät think that's the problem.
Nope, current account is not assigned in KDB and KDF but that cannot be the problem either, since the system find the right account/cost element. There must be something else that is the problem!
Edited by: asafo364 on Aug 24, 2009 3:42 PM

Foreign Currency exchange gain & loss

Dear expert,
I have a problem here, need help.
I have made the setting for foreign exchange gain/loss in OB09 and start to use f-28 for incoming payment.
When run the simulation, it gives me 2 lines of exchange gain/loss calculation. 1st line with amount zero (local currency) and 2nd line with the gain/loss amount.
I wonder why I have 2 lines of exchange gain/loss calculation?
Did I did something wrong or miss some specific setting?
Thanks in advance. will assign points

Hi Louis,
Please note the example below and you will understand why two line items are created:
Local currency - USD; foreign currency - GBP
Vendor invoice in foreign currency - 100GBP - Jan (Exchange rate: I GBP=2 USD)
Feb - You valuated the open item (Exchange rate: 1 GBP = 3 USD) with update principle
Entry: Unrealised exchange rate Debit 100 USD
          To Special balance sheet account Credit 100 USD
Payment made in march where the exchange rate is 1 GBP = 3.5 USD
Entry will be:
Vendor debit                               200 USD
Balance sheet account debit        100 USD
Realised exchange rate loss debit 50 USD
To bank                                       350 USD
Are you getting the above entry? If so, then the above scenario will explain your predicament.
Cheers!
Rajesh

Accounting of foreign exchange gain /loss on imported material at invoice

Dear Experts,
This is with reference to the accounting of foreign exchange gain /loss on imported material at the time of invoice posting.
Presently all the capital expenditure related procurements are done against the WBSE as account assignment. The material is
procured against the project consumption account with WBS as the account assignment. Since the GR is done on day 1
at a particular exchange rate and the material is directly accounted for against the project consumption account,
there is no stock available.
The invoice is received subsequently and the same is accounted for on say Day 4 at another exchange rate, resulting in exchange gain/loss on account of difference in exchange rate between GR and IR. The same is accounted against a cost element with the additional account assignment as WBS derived from the purchase order.
However, the business requirement is to account for the foreign exchange gain/loss against the Cost center, since the
same cannot be capitalized as per the accounting standard.
In spite of maintaining the default cost center derivation against the foreign exchange gain/loss cost element in OKB9,
the invoice document line item is taking the account assignment from purchase order and not from OKB9.
We have referred the SAP note 105024 and implemented the same.
However, as per the note the following is possible "Use a substitution (Transaction OKC9) to transfer a cost center or a
statistical order as auxiliary account assignment to the document or to replace CO account assignment."
But when we are trying to check the same, the system is updating the required CO object i.e. cost center as auxiliary
account assignment and not as a replace CO account assignment.
We are looking at the option of replacing the WBSE with the cost center in the line item for CO account assignment.
Please help in this regard.
Thanks and Regards,
Mohd. Abdul Moghani

hi,
in OBA1 settings please enter main bank account insteed of exchange gain or loss accounts. then that difference it will post to mail account only insteed of exchange gain or loss account.
with regards
Madana

AP Balances' Mess.Xcess of Realised Exchange Gain/Loss Postings.How 2 Clear

Dear Readers,
Our project is stuck with an issue which from the onset a simple issue.
Issue being the AP balances show excess of Realised exchange gain/loss postings.The Realised Exchange gain/loss postings are in USD (i.e. Local Currency).
This creates an issue in clearing when the invoices do not match the balances and the automatic clearing is not possible.
Although reports (income statement and Balance Sheet) give matching results, but AP on the individual level (vendor wise) poses such a problem.
Kindly enumerate the solution.
Its a high priority issue.
Any sort of help is much sought.

Payment Programe Foreign Exchange Gain/Loss

Hi,
Our Co. Code Currency is CAD. I Configured Payment Programe with Two Different Currency i.e. in CAD & in USD. I posted the Invoices in two different currency.
Now, while i was running payment programe, it clears the payment in appropriate currency. but if payment runs in USD then it's not showing me Foreign Gain/ Loss?
Can anybody please let me know why it's happened or How i can over come with this problem.
Your help will be really appreciate.
Thanks,
Niki Shah.

Please help me,
When i run the payment program the system does not calculate the gain/ loss.
My company runs in USD when i make the payment in AUD it doe dont do the gain/loss.
What settings should i do or what am i missing, because it generating the payment but at the invoice date rate not payment date rate.
Then when i get to send the file to the bank, how do i reconcile the bank rate and the payment rate or how does the EBS know how to reconcile the two.
I will really appreciate it.
Thank you.

Foreign Exchange Gain Loss not getting booked

ECC 6.0
Configured
A. OB59 - BSK,EVR,KT0
B. FS00 - 5800000 Foreign Exchange maintained in Local Currency, Automatic Posting is Ticked
C. FBKP - KDF Linked to 5800000 for Vendor Reconciliation Account
Invoice USD @40
Making Payment in F-53 USD @45
Foreign Exchange of USD5 is not getting posted.
Please guide on the same , suitable rewards
Regards

Hi
In OBA1 -
>Prepare Automatic postings for foreign Currency Valuation , Double click on Exchange Rate Difference using Exchange Rate Key -
KDB
give chart of accounts and enter.
give Exchange Rate Difference Key (EKEY) , Expense A/C , Exchange Rate Gain A/C and save.
Go to FS00 and assign this EKEY in Bank Account.
This will work out.
Regards
Venkat

Exchange Gain Loss Revaluation - Error Message No. F5429

Hi,
While peforming the foreign currency revaluation of open items as at 31.12.2007, using the T Code FAGL_FC_VAL, the system calculates the Exchange Rate difference but the documents do not get posted. The Document display shows an error -
Document ERROR 172 does not exist in company code 1000 or has been archived
Message no. F5429
Could anyone advise as to how this could be resolved and what could be the reason for such kind of error.
Thanks in advance.
Rgds.

Raj,
Your question is a little confusing, Does it say " Unable to post the document" while you are trying to run the FCV for Open items.
Or is it like the document that got posted during FCV cannot be viewed by you ?
-Nandita

Exchange rate gain /loss is not posted in the contract

Hi Sap People,
Exchange rate gain /loss is not posted in the contract(cashflows). This is w.r.t SAP Banking Module.
The open items are posted with a certain exchange rate in the contract at the time of disburesment,while clearing thru FF68(incoming payment) with a new exchange rate the items
are cleared with the same exchange rate and the Exchange gain/loss is posted as zero.
Regards
Ravi

Hi,
Check the exchange rate type for the disbursement. It is M for FF68. Check in configuration the exchange rate type. Also check the exchange rates maintained in OB08 for this exchange rate type and confirm if there is any difference.
Is it Loans module?
Regards,
Ravishankar

Foreign exchange gain and loss

Short Text
Foreign Exch Gain / Loss to be booked to a diffr cost center
Long Text
The transaction booked with the following parameters
Step 1:-Transaction booked trough FB60
Foreign currency CHF @ 40/ruppee
Expenses debited (1000-cost center)
Vendor Credited
Step 2:-Transaction paid through F-53
Foreign currency CHF @ 50/ruppee paid
Vendor Debited (Clearing the open item)
Bank outgoing account Credited
Foriegn exchange gain and loss Debited
In ECC 6.00 Version:- The open item clearing inherits the CO objects
from step one except for "Foreign exchange agin and loss line item"
Note:
1) In above scnerio, if foreign exchange gain and loss booked to some
other cost center other than Step one:- Cost Center (Expenses booked).
2) If the foreign exchange gain and loss line item booked to same cost
center as specified in Step one:- Cost Center (Expenses booked).The
below error does not occur.
3) The requirement is to book different cost center for the Foreign
exchange gain and loss line item.
The following error occurs during FB05 transaction execution for
transfering the line item in Bank outgoing account to Bank Main account.
Error Details occur during FB05 transaction execution:-
Start----
Ex.rate diff.accts are incomplete for account 0002500062 currency CHF
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.
END----
Configuration already in place:-
1) Bank outgoing and main account "ONLY BALANCE IN LOCAL CURRENCY" is a
ticked
2) In OBA1 Foreign exchange gain and loss and valuation gain and loss
GL's are defined for respective Reconciliation account.
Regards,
Sathya

Hi,
Is your problem solved, I am also facing the same issue when transffering from Incoming/Outgoing to Main Bank Account. Exchange gain/loss is being calculated by the system.
Please share with me the solution to the above problem.
Thanks & Regards,
Jyoti

Cash Management gain/loss calcs with autooffsets turned on

Please forward any experiences with workarounds/processes for creating exchange gain/loss journal entries for foreign currency payments. Client needs Auto Offsets on, therefore, Cash Management can not create the journal entries.
Any help is greatly appreciated.
Thank you.

Normally exchange rate gain & loss is handled within AP when you make the payment (As long as you book the payment in the system in its proper foreign payment currency).
However, with Cash Management what you might see is a bank charge in addition to the foreign payment on one statement line.
So a bank statement line might show: GBP 125
This might represent a foreign payment in AP PLUS a charge made by your bank for processing the foreign payment.
If you are also using Oracle Receivables you can set up a 'Receivables Activity' and default it to a particular GL account (e.g. a particular gain/loss account or bank charges account). Then in Cash Management you can use this Receivables Activity to book a transaction for the bank charge.
The high-level process would be as follows:
1. Manually reconcile the AP Foreign Payment to the statement line
2. (While on the same statement line) click the 'Create' button. From here you can create/book a miscellaneous transaction (using any pre-defined Receivables Activity)
The point to mention is that this is obviously not automatic. But I hope it helps.
Tony
<BLOCKQUOTE><font size="1" face="Verdana, Arial, Helvetica">quote:</font><HR>Originally posted by [email protected]:
Please forward any experiences with workarounds/processes for creating exchange gain/loss journal entries for foreign currency payments. Want to generate all journal entries through Cash Management.<HR></BLOCKQUOTE>
null

Loading Ex Gain/loss on material with CKMLCP

Hi Gurus,
I am facing one issue with material ledger and seeking you suggestion.
There are 2 accounts 514000 (for ex gain) and 514001( for ex loss). Whenever there is gain/loss posting to these accounts wrt import MIRO, such gain/loss would get loaded on material through CKMLCP - costing cockpit execution. And it would generate opposit posting to these accounts.
(note: other gain/loss posting also go to these 2 accounts)
Per requirement, to have separate account for posting only import MIRO exchange gain/loss , I defined a substitution.So whenever there ex gain/loss system posts it to account 520001.
I ran one import cycle(PO, MIGO and MIRO), As per exchange rate in MIRO, there is ex gain posting to account 520001 as expected.
But when I run CKMLCP, this gain is not getting loaded on material. In CKM3, ex gain amount is shown in Ex Rt diff. column. And same amount is displaying in Differences column.
Could you pl suggest why its not getting loaded on material.
Price control in material master is S(std price) and price determination is 3 (Single-/Multilevel)
Thank you in advance
Regards
Anand

Were you able to find an answer for this - we are having the same issue; Please let me know at the earliest?

Cash management - gain/loss journal entries

Please forward any experiences with workarounds/processes for creating exchange gain/loss journal entries for foreign currency payments. Want to generate all journal entries through Cash Management.

Normally exchange rate gain & loss is handled within AP when you make the payment (As long as you book the payment in the system in its proper foreign payment currency).
However, with Cash Management what you might see is a bank charge in addition to the foreign payment on one statement line.
So a bank statement line might show: GBP 125
This might represent a foreign payment in AP PLUS a charge made by your bank for processing the foreign payment.
If you are also using Oracle Receivables you can set up a 'Receivables Activity' and default it to a particular GL account (e.g. a particular gain/loss account or bank charges account). Then in Cash Management you can use this Receivables Activity to book a transaction for the bank charge.
The high-level process would be as follows:
1. Manually reconcile the AP Foreign Payment to the statement line
2. (While on the same statement line) click the 'Create' button. From here you can create/book a miscellaneous transaction (using any pre-defined Receivables Activity)
The point to mention is that this is obviously not automatic. But I hope it helps.
Tony
<BLOCKQUOTE><font size="1" face="Verdana, Arial, Helvetica">quote:</font><HR>Originally posted by [email protected]:
Please forward any experiences with workarounds/processes for creating exchange gain/loss journal entries for foreign currency payments. Want to generate all journal entries through Cash Management.<HR></BLOCKQUOTE>
null

Exchange gais/losses to a g/l account

Hi,
I created a GL account for Exchange gains/losses. What is the process to test to make sure the exchange rate gain/losses are getting posted to this account? Please let me know the t-codes as well. Your help is greatly appreciated. Thanks

Complete the configuration OB59 and OBA1.
Then run TODE F.05 for valuation.

Realized Gain/Loss and FC balance in Account Balance

Hi Experts,
I am still waiting to get answers on the following problem and looking forward for a good suggestion on how to adjust the entry for 2005 A & B versions:
1) We have customers and suppliers setup as MC and deal with FC transactions (example FC=SEK, and SEK is also our SC).
2) But these customers and suppliers will always pay up with LC (SGD) and bank-in the paid amount to an bank account setup with LC(SGD) only.
Problem:
If we select the the payment mean with the LC amount, we will face:
a) the FC amount was not deducted from the account balance and finally show up a lot of FC balance, and most tedious when we face partial payment...difficult to trace...and worst is bank recon only show LC amount...why not both???
b) the realized exchange gain/loss is not automatically calculated, even though the payment is in full by LC amount.
I have questions:
i) Why can't there should be a way that the payment entry (pay FC in LC) whereby on the BP (control a/c) line, the settled invoice amount (of each FC) shall be posted (acceptable with one line having FC amount and the bank line have no FC amount) ?
ii) Why can't the system generate the gain/loss at each payment time?
It is a more reasonable way.
Thank you and regards,
Joan Lim.

Hi Kerstin,
I realized B1 2005 can't even fulfill basic finance requirements in that case.
In any MNC, for CFO, FC balances, realized gain/loss is most important factor for the company to look into cash flow.
Anyway, I have tried out many ways to explain to our CFO, finance department ...but all get disappointed with B1 2005.
I understand that B1 2007 already have the function, but as the huge $$ dump in on our add-on development in year 2007, it is not so easy to upgrade B1 2007 at all.
I am still looking forward for patches in 2005 for these functions.
Thank you and regards,
Joan.

Auto Assigned distribution rule to exchange gain/loss acct in Banking

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