Balnce sheet accounts FC revaluation

Hi Gurus,
Could anybody give me inputs regarding the reval of Foreign currency maintained Balance sheet accounts which are not maintained in open item, mean revaluation of account balances into local currency..
Ex: I have couple of Bank Master accounts which currency z maintained foreign currency USD and EUR..local currency z SGD..How to reval Balances at month end.
Explain the of treatment of bank sub accounts also (Incoming/Outgoing) in FCurrency Revaltime, i think if any differences comes from open items they have to update unrealized accounts only not to realized accounts correct me if my understanding is mistaken.
I'm clear about revaluation of open items accounts at OBA1 config and the process(Recon acct).
To de FC reval these what are the configuration steps i have take care and where.
Thanks in advance,
Vyas

Hi
In F.05, go to selections tab, Tick 'valuate GL account balances' and mention the GL code for Bank Header accounts which are maintained in Forex
OB59 and OBA1 are the config settings . Also make sure that new rates are updated in the system before any forex revaluation
Asha

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How to report on balance sheet accounts using 0EC_PCA_3

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How to report on balance sheet accounts using 0EC_PCA_3
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nagini

Hi,
IF you want to see the accumulated balances you need to select the period from 0 to 12.
EX: you want to open the report up to period 6th 2009 and want see the figures including the carryforward balances from 2008.
then in selection screen select the from period = 0 and to period =6.
hope its helpful
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CO account assignment on a GR/IR Account (Balance sheet Account)

The GR/IR account line item on Goods Receipt(GR) documents picks up the account assignment ( WBS Element, Cost center or an Order) from the Purchase order account assignment.
The GR/IR account is defined as a Balance sheet account. So it is abnormal to pick up a CO account assignment on the GR/IR account line item on a Goods receipt or Invoice document.
I shall appreciate if some expert here lets me know if there is a fix(an OSS note) in order for the GR/IR account NOT to pick up a CO account assignment on the subsequent documents(Goods receipt and Invoice) from the Purchase order.
Thanks in advance.
Vijayanth

Hi Vijaynath,
If you have the modules like CO, PS, FM, IM and activated the above modules, at the time of the GR system compulsarly will ask for account assignment. Because PO might be crated for a project or cost center. In the above 2 cases system will look for account assignment.
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My client has a scenario where for certain items they create a credit memo request document and finally a credit memo document from the VKOA system is picking the revenue bearing GL and posting all the line items to that G/L account
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Best Regards
Waseem

Hi Sanil
Thanks for the quick reply, can we assign a balance sheet account directly in VKOA in the G/L account field or do we need to add this in directly in Provision acc field
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Can someone explain to me what does posting to balance sheet account upon goods receipt means?
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Thanks both of you for the replies.
Can you advise me on how to resolve the below scenarios?
1)Currently, for sales order purchases, we are using acct assign category "sales order" in PO, the stock qty is consumed by the sales order upon goods receipt.
And it will post to COGS & GR/IR acct upon Goods receipt.
If the requirement is to post to balance sheet account upon GR,
-does that mean I have to bring this qty into inventory?
- meaning I should be using another acct assign category in the PO.
2)Another scenario is that they also purchase services for the sales order, and they are handling this purchase using another customized acct assign category in the PO that allows you to post to G/L acct directly without cost center. (no material master entered in the PO)
Upon IV, it will post to COGS and vendor accounts.
If the requirement is to post to balance sheet account upon IV,
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Hope one of you can clear my doubts on this..

Change GL Account Type from Balance Sheet Account to P&L Statmt Account

Hi Experts's
We have mistakenly defined the GL account as type Balance Sheet Account type and Some postings are done on this GL, we need to change it to P&L Statmt Account, When we do that it's throwing message FH602, as below.
Change balance sheet control in spite of account balance
     Message no. FH602
Diagnosis
     You have changed the G/L account from a "balance sheet account" to a
     "P&L account" or conversely.
     The balance of the account is, however, not zero.
Procedure
     Check your entries.
     If the G/L account was already posted in the previous year, execute the
     balance carryforward again for the current fiscal year. (program
     SAPF011).
Please let me know the procedure to do this change, or do i have to run any report.
Thanks

HI
If you are mid-year please try this:
Balance sheet having 10000 credit balace
try to post like this manually
Balance sheet account dr 10000
to Profit and loss account 10000
now tick the Profit and loss account and reverse the entry
try this in test environment first
Thanks & Regards
Phaneendra

Report to retrieve balance sheet accounts in foreign and local currencies?

Hello,
I have question regarding the availability of a report in SAP. I am wondering if a report exists in SAP to retrieve the total outstanding balances on any given date for all the balance sheet accounts (including GRIR trade) in both functional and foreign currency.
I am currently using the FAGLL03 to do this but the problem is that this report is timing out when I select too many accounts.
Does anyone know if such a report exists in SAP (besides the FAGLL03 which takes too long to run)?
Thanks in advance for your answer.

Hi
A quick way is to run FAGLL03 in the background as a scheduled job.
Regards
Sanil Bhandari

Inheritation of tax codes in G/L balance sheet accounts (New GL)?

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one of my customers is migrating to New GL, where they want to use document split for some fields.
For some balance sheet accounts the they also want to inherit the tax code to the balance sheet account line (for reporting purposes).
Is it possible to inherit also the tax code to a splitted balance sheet line?
Thanks in advance for any help,
Angela

Hi Angela,
as Nauma already posted, inheritance is only possible for document split characteristics and tax code is not such a characteristic.
But even if its possible to inheritate / substitute the tax code into the BS sheet line item, what if the posting contains different tax codes (eg visiting an austrian restaurant: the bill contains 10% VAT items (Food) as well as 20% VAT items (beverages wo milk))?
What should be the rule for BS account tax code? So the requirement sounds strange...
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Hi,
For few Balance Sheet GL Accounts (From MM side), Business area is not pulling while doing MM Cycle. For other Balance Sheet GL Accounts (From MM side), system is pulling the Business area by default.
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Kindly Help me..
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Sunil

Hi,
in OMJ7, assignement were there properly. Still why i am not able to pull Business area for Balance Sheet Accounts.
I Can give one Clue: For Inventory Finished Goods, system is pulling Business area and for Inventory Raw material and Inventory Semi-Finished Goods system is not pulling the Business area.
This is my problem...
Thanks
Sunil

Message no FH017 Open item management only allowed for balance sheet accounts

Dear All,
i try to change one Balance Sheet account to P&L Account. However i failed changing the account.
it pops up the error Message no FH017.
For this error, i have already untick the Open Item Management
Can anyone help me on this? Very appreciated on this!
Cheers
Jill

Aslo see help on open Item managed field by pressing f1
Indicator: Open Item Management?
Determines that open items are managed for this account.
Use
Items posted to accounts managed on an open item basis are marked as open or cleared. The balance of these accounts is always equal to the balance of the open items.
Procedure
Set up accounts with open item management if offsetting entries are to be assigned to the postings made to these accounts. Postings to these accounts represent incomplete transactions.
Example:
A goods receipt/invoice receipt (GR/IR) clearing account should be managed on an open item basis so that you can check at any time whether invoices have been received for the goods received for an order.
Set up accounts without open item management if no offsetting entry is to be made against a posting to this account.
Examples
Accounts that are managed on an open item basis include:
Clearing accounts:
Bank clearing account
Payroll clearing account
Cash discount clearing account
GR/IR clearing account
Accounts that are not managed on an open item basis:
Bank accounts
Tax accounts
Raw material accounts
Reconciliation accountsThese are managed implicitly using the subledger open item function.Profit and loss accounts
Materials Management (MM) accounts posted with a posting key that has account type 'M'

Message FH017 Open item management only allowed for balance sheet accounts

Hi,
While creating a new GL account with P&L type it's giving the above message. If I select the BS type indicator, it's saving without any error.
I observed, account group selection is creating this problem. Since creation of other accounts in other accounts groups doesn't get such problems.
Any clues??
Thanks in advance
Durga.

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Note 155317 - G/L a/c:change bal.sheet->P+L despite OI management Note Language:   Version: 4 Validity: valid since 14.09.2000
PDF Download Corrections Compare Versions SSCR
Go to SAP Note: Display
Content: Summary | Header Data | Releases | Support Packages | Correction Instructions
Summary
Symptom
You can change the control of a G/L account from a balance sheet account to a P&L account, although the account is set to open item management in at least one company code.
Additional key words
SAPMF02H, FS02, FSP2, FH017
Cause and prerequisites
This is caused by a program error.
The corresponding check was not carried out if you did not branch to the screen of the company code data when making changes.
Solution
The error is corrected as of Release 4.6.
You can make the advance corrections.
Header Data
Release Status: Released for Customer
Released on: 13.09.2000 22:00:00
Master Language: German
Priority: Correction with medium priority
Category: Program error
Primary Component: FI-GL-GL-N Master Data
Affected Releases
Software
Component Release From
Release To
Release And
subsequent
SAP_APPL 30 300 31I
SAP_APPL 40 40A 40B
SAP_APPL 45 45A 45B
Correction delivered in Support Package
Support
Packages Release Package
Name
SAP_APPL 31I SAPKH31I27
SAP_APPL 40B SAPKH40B20
SAP_APPL 45B SAPKH45B03
SAP_HR 31I SAPKE31I27
SAP_HR 40B SAPKE40B20
Corrections Instructions
Correction
Instruction Valid
from Valid
to Software
Component Last
Modifcation
97629 45B 45B SAP_APPL 14.09.2000 08:26:11
97661 300 40B SAP_APPL 14.09.2000 08:28:04

Purchase order using balance sheet accounts

Hi there,
We have a need to create purchase orders using balance sheet accounts instead of expense or cost of sales accounts. Any pointers will be greatly appreciated.
Thanks in advance

Hi Raymond
Not realy clear which scenario u r trying to address here. But you can post the Goods receipt to a balance sheet account. U can ideally create a separate valuation class and use the same for account determination. The materials for which you are making the PO have to be asigned to that particular valuation class. The rest of the configurations will remain as they are. But in the transaction key you will include the new valuation class and assign it to balance sheet account.

Cost center empty in general ledger view for balance sheet accounts

Hi !
We are implementing ECC6 with new GL functionalities. We activated differents scenarii: cost center, profit center and segment.
Using FB03 (display document) we noticed that in the entry view, everything is fine: cost center, profit center and segment are filled successfully.
However, in the New GL view, the cost center is not filled for balance sheet accounts.
Any solution?
Regards,
Julien

HI,
Cost center will never be filled for the Balance Sheet account. For Balance sheet account Profit Center is required to be filled.
Don't be afraid this is the fundamental practice across the globe. Cost centers will be filled in only Expense account.
Exception to above rule is Asset master will recieve cost center because this will help in determining asset per department.
Regards,
Chintan Joshi.

Balance sheet account postings to Internal order

Hi All,
I have a situation in which I have to make a prepaid expense from a BS account but want to assign it to an internal order so that when this expense actually occur, I can use this internal order report for all the prepayment made against that expense. I can create a cost element for this BS account but this is not a good practice. Do you guys have any other idea that I can implement here which is good practice and also solve the problem.
Thanks
MKR

Hi
SAP Best practises is not to assign Internal Order to a Balance Sheet GL Account.
In the Standard SAP, you might get an error if you assign an order to a Balance sheet account, but you have an option to change the error message from error to warning.
You might have to change the field status group assign to the balance sheet gl account to make the Order as Optional Entry.
Regards,
Suraj

Error AC305 and AC306 when customize a balance sheet account

Dear experts,
We have several depreciation areas created for a chart of depreciation.
Some of those depreciation areas do not have account effect but have
fiscal effect. For that reason we have set for them (in AO90
transaction) off sheet balance accounts (memorandum accounts).
The problem is that in the country we are working memorandum accounts are not P&L accounts.
When we try to customize then as Expense account for ordinary
depreciation the system displays the following errors:
Message no. AC305- Account GBCL-6400640010 not allowed to be balance
sheet account
Message no. AC306- Account GBCL-6400640010 not defined as
P6400640010L account
Our users told us that those memorandum accounts must be B/S
accounts and never P/L accounts in this country.
Obviously we could change error messages AC305 and AC306 as warnings,
but I was wondering if another solution could be possible.
Thanks in advance.

Hi,
U cannot assign a balancesheet account for depreication
I dont understand why they want B/S account there because it cannot record expenses.
The only solutionn is changing message as u have said..
We annot change the accounting rule
Regards,
Amit Shinde

Balnce sheet accounts FC revaluation

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