Clearing - Exchange Difference

Experts,
We have a control account 220300 (B/S). How it works:
At the time of Goods Issue
220300 Dr
Stock Cr.
At the time of Billing
COGS Dr
220300 Cr.
If the exchange rate is changed between GI & Billing, there is a difference in 220300. I want to clear this via F.13 or F13E. Please tell me the options available.
According to me, Options are
1. define this account in OB09 and do F.13/F13E
2. or do the manual clearing and post the difference in some GL.
But I am not sure of the consequences of 1.
Please advice. Can I do something in copy control...(But at the time of billing I require current rates) or is there any other way

Hi Amit,
We are also facing the same problem.
Please let us know if you got your problem solved? If yes, can you please let us know how did you got it solved.
Thanks and Regards,
Ravi Kumar

Similar Messages

To clear exchange rate difference

Hi,
The GR value is 436,905.00 (posted in Oct)
The LIV value is 402,255.00 (posted on Nov)
Therefor there is an exchange rate different by 34,650
How do we clear the differences?
Pls advise.

Hi Newbie,
For that you have to create two gl accounts for exchange loss and exchange gain, after that wat i mention below configuration is required .
Define valuation methods:
                                . (Transaction Code OB59 ).
     Select new entries button
     Valuation Methods:
     Description: FC Valuation Bank Selling for
     Document Type: SA
     Debit balance exchange rate type (B) (Bank Selling)
     Credit balance exchange rate type u2013 B (Bank Selling)
     Select determine rate type from account balance
     Select save button
Prepare automatic postings for Foreign Currency valuation
     Transaction code OBA1
     Double click on exchange rate defining using exchange rate key
     Give your chart of accounts:
     Enter
     Exchange rate difference key:
     Expenses account:
     E/R (Exchange rate) gain account:
     Save
May be this information is useful toyou
If you have any doubt feel free to ask
Regards
Surya

Exchange difference - bank clearing

Hi All
while doing bank clearing in F-03.
the transaction is in CAD and clearing is happening in USD
it is asking the currency amount to be cleared
please suggest me where to make the changes

Hi
Select the CAD currency to clear the same as base currency is CAD and I assume that both the line items of CAD + and - are of same amount . If it is so it will clear the documnet however if there is difference in USD it will post the difference to foreign exchange difference account.
Regds
Rajiv

Realised exchange difference by internal order

When clearing an open AP item with a payment, the realised exchange rate difference is posted to the P+L against the relevant cost centre (From the purchase order). However, the assigment to the internal order (also contained in the Purchase order) is lost.
Is there a way to determine the account assignment of the realised exchange postings?
Note:
The internal order (AUFNR) is an optional entry field in our exchange difference accounts.
The Realised exchange differences pick up the correct c ost centre from the invoice but not the Internal order
Thanks!

We once had a similar requirement - the only difference is that we wanted the exch. rate diff. to go to the WBS element (which is on the PO). All we did was to add WBS element as a document splitting characteristic in the following node in SPRO.
Financial Accounting (New) -> General Ledger Accounting (New) -> Business Transactions -> Document Splitting -> Define Document Splitting Characteristics for Controlling
And it worked!!!
You can add Order (AUFNR) and see if it serves your requirement.
Good luck!

Exchange Difference posting through MM

Dear Experts,
We Procure Assets through Material Managment . we have created interim asset class in FI and attach Asset number in PO while creating PO.
Now scenario is that we procured/imported Asset through PO and created PO in Foregin Curreny on 01-06-2011. we did GRN of the Asset on 16-08-2011 and MIRO on 24/08/2011. FOregin Exchange on all these dates were as follow
01-06-2011 106 PKR
16-08-2011 116 PKR
24-08-2011 119 PKR
now due to difference in exchange rate at the time of MIGO and MIRO system automatically charge Exchange rate difference to Asset at the time of MIRO. While our financial experts argue that according to IAS21 exchange rate difference should be expensed out
we have assigned exchange rate difference(expense) already in OBYC
Requirement
isi t SAP standard functionality to charge exchange diiference to Asset at the time of MIRO.
and can we expense out exchange rate difference at the time of MIRO and where configurational changes should be made
please also note that as payment invoice is cleared exchange rate difference is booked in exchange difference a/c which is accurate
BR
sajida

Hello Sajida, Did you resolve this?
There are a few things that you could do:
1. Tweak the way that Exchange rates occur between MIGO and MIRO, that you can do it at SPRO > Materials Management > Logistics Invoice Verification > Incoming Invoice > Configure How Exchange Rate Differences Are Treated
In there you have the following options:
If you do not select a value: Exchange rate differences between goods receipt and invoice receipt
The system calculates the exchange rate differences from the difference between the exchange rate at the time of the goods receipt and the exchange rate at the time of the invoice receipt.
Choose the value X: Exchange rate differences between invoice receipt and assumed exchange rate
The system calculates the exchange rate differences from the difference between the exchange rate at the time of the invoice receipt and an assumed exchange rate. The assumed exchange rate can, for example, be valid for a whole year or a part of a year.
Choose the value N: No exchange rate differences, only price differences
No exchange rate differences will be calculated. Instead, differences from exchange rate variations will be considered as price differences and posted to a price difference account.
Since you are working with assets, all price differences move to the asset, therefore it may not help you, but nonetheless you should try it out.
2. Modify the Account Assignment Category "A" (Asset) so that the Goods receipt becomes nonvaluated, with this, there won't be any change between MIGO and MIRO since there won't be any financial document on Goods Receipt. This solution is implemented is most of our clients.
3. Creating or modifying the purchase order (before Goods Receipt) you can check the Indicator Exch.Rate Fixed in the Delivery/invoice tab at PO. with this indicator on, all documents posted to this purchase order will have the exchange rate shown in the same tab at the Purchase Order (ME22N), you can change this exchange rate also with the number that you need for MIGO and MIRO, no price differences will occur between MIGO and MIRO, but price differences for payment will occur has a standard.
Best regards,
Arturo Flórez
MQA Colombia

Gr/ir clearing account difference

i what cases gr/ir clearing account from migo can be differ from gr/ir clearing account from miro.
suppose at the time of migo gr/ ir clearing account credited with 100 rs then at the time of miro can it be debited with 80 or 120? i
f it can then plz tell me the cases.

Hi
The system makes postings to GR/IR clearing accounts at the time of goods receipt. If, for example, the delivered quantity for a purchase order item is not equal to the invoiced quantity, there is a balance on the GR/IR clearing account.
The person responsible for account maintenance lists the purchase order history with the differences. In order to archive invoice documents, the difference must be cleared. If the balance is not cleared by more goods receipts, return deliveries, invoices, or credit memos, the person responsible for account maintenance has to clear the difference manually.
For GR/IR maintenance refer Tcode-MR11.
MR11 is designed to show the GRs that have not yet been fully invoiced and the invoices that have not yet been fully received.
In any normal business situation there will always be some invoices for items that have not yet been received and some receipts that have not yet been invoiced. But MR11 is designed to be used to clear the OLD ones that are probably NEVER going to be completed.
So you would run MR11 with a date in the past (a few months old normally) and anything that has still got a balance (either way) could indicate that you will never get these cleared no matter how long you wait.
So you can use this transaction to clear these documents.
The best way to use it is to run it firstly with very small tolerances (value and value percentage) and very old dates. For example any PO older than 6 months that has a balance of less than 10 USD. You would prepare the list intially (without update) and see the proposed effect. If you were happy with this you can then run it in update mode and clear those documents. This will post any outstanding values correctly and close down the PO.
For example if you had a PO where you had received 99 and the invoice was for 100, the system would increase the stock value of those 99 by 1 to reflect that we paid 100 for those 99 items (and close the PO)
Similarly if you received 100 and were invoiced for 99 the clearing would reduce the stock value by 1
Both examples are affected by the valuation type (Std price or MAP) but the end result is the same.
After running it like this with small differences, the only uncleared items left would be the recent ones, or the "old" ones that have a bigger difference. You can then run MR11 with larger tolerances, view what would happen and either re run the same selection with update instead of list and clear these.
You would eventually finish up with a manageable number of POs that don't balance and the value difference is quite large. You would then have to decide if you want to leave them as they are and wait for the open amount to be invoiced (or GRd), or you can manually clear them by selecting the individual line and then selecting the clear from the menu options.
At the end of this process you should only have POs that are awaiting further postings.
You would also have to financially clear the entries that have been cleared in MR11 but this would be via the normal financial clearing transactions.
reward if helps,
regards
rb

In WM how to clear partially difference in an open storage type with one mi

Hi
I would like to know how in WM to clear partially differences in an open storage type with one mixed bin not totally counted?
thanks in advance
cadanj

Please do the inventory check for the whole bin.Count the each quant of the material. Difference can be cleared.Use following transactions.
1.LI01N-Create Inventory document.
2.LI11N-Enter inventory count.
3.LI20-Clear WM differences
4.LI21-Clera IM differences.
Let me know if u have any other question.
Regards,
PRashant

Purchase Price Variance Foreign Exchange difference

How Purchase Price Variance Foreign Exchange difference is calculated for material consumed in product costing / material ledger

You need to go to net price at purchase order in local currency. With quantity you'll get the purchase order total price in local currency.
Get the standard price of material master record (which is in purchase order) on MM03 transaction on costing 2 view.
Purchase price variance is the difference between purchase price order and material standard price.
To get this difference in foreing currency, you´ll need to get document date of purchase order, get exchange rate at OB08 and find both prices in foreign currency; after that get same way the variance.
Hope that helps,

About foreign currency exchange difference when do MIRO

Dear all,
There's a purchase order with foreign currency, for the currency rate floated every month, if we do MIRO in the next month after we do GR, there's foreign currency exchange difference happened,
the problem is if the mat'l code with stand price control, in OBYC, I set the transaction KDM with account determination:exchange difference, then I do MIRO, it's ok, the currency exchange diff goes into the right account(exchange difference),
but if the mat'l code with price control V, when do MIRO, the currency exchange difference goes into the inventory account automatically, seems not determined by the setting of OBYC KDM,
so what can I do,?
Appreciate your kind reply in advance.
Rgds

Hi Kathy Wan,
Try the SAP Note No:980402.For me it worked only for material price with Moving Average price.
Still We are analysing to get for Accout assignment purchase order and service purchase order.
If you got complete your requirement ,Please let me know.
Thank and Regards,
Rajesh

Reversal of unrealized exchange difference

Dear Experts,
I need your advise on the following issue.
At our company we revaluate both bank accounts and open items in foreign currencies at each month end. At the beginning of the next month, unreal.exchange differences for open items are reversed but differences for bank accounts are not. Accordingly, we have permanent balance in P&L account for unrealized exch. rate gains and loses.
I would like to know if there any unirom approach to dealing with this issue. Do you have to reverse gains/loses for bank accounts each month or leave it as it is and make one journal entry to reverse accumulated gains/losses if/when particular bank account is closed, e.g. foreign currency balance is 0?
Thank You,

Hi Srinivas
Thank you for input.
Yes, we are not making any reversal for bank accounts, but are reversing gains/loses for open items such as accounts payable/recievable. Is this the case with other SAP users?
The issues is that P&L account has accumulated unrealized difference due to non reversal for bank accounts. Do we need to post accumulated balance to realized gain/loss when bank account is closed (zero balance in foregn currency)?
Best regards,

Incoming payment VAT for exchange difference

I need to post the Incoming Payment (F-28 or F-36), with VAT tax about the exchange difference.
When simulate the post, appears the automatic position with the exchange difference but do not appears the VAT for this difference. Anybody know where customizing?

Please check this link
Exchange Rate configuration
thanks
SKKS

Inventorising the Exchange difference in MIRO

We want not to inventorise the exchange difference while invoice verification (MIRO). We are in Actual costing scenario. when we do actual costing the exch.diff booked in MIRO (Invoice verification) is transferred to Inventory a/c. One way to avoide is to select "Exch.rate fixed" check box in PO. But the inventory is valued only with this rate. Any change in Exch.rate will not be considered for Inventorisation at the time of MIGO.
What we want is ,the inventory should be valued at the Exch.rate on inwarding (MIGO) and further variance should not be inventorised(Actual costing scenario).
Can anyone provide solution please.

Thanks BSK,
I thought this will not work here. Can you pls elaborate further.
My requirement is, I want to inventorise at the exch.rate on MIGO date. But further i do not want to inventorise.
Regards
MSR

Exchange difference for Invoice

In company the Inventory is managed in different currencies as per GRN (Procurement) exchange rate. All the subsequent posting should be posted with GRN rate. But this is not happening at this moment. All the subsequent transactions to GRN are posted on the posting date exchange rate.
How to do subsequent postings to GRN at the original GRN rate. If there is any exchange difference loaded at the time of Invoicing then it should be taken care while doing subsequent transactions.
Kindly resolve.

Not quite sure I understand the question but . . .
On the Header level Delivery/Invoice tab you can fix the exchange rate. All GRs/Invoices then get posted with reference to that exchange rate. Is that what you want ?

How to assign default cost center to exchange differences ?

Hi all,
Default costcentre for currency exchange differences missing in the company code.
How to assign ?
Please answer at the earliest.
regards
narasimha rao

Hi,
Have you able to assign default Cost Center in case of Exchange differences? If yes, how is that possible.
We also want to do the same activity in case of Foreign Exchange Revaluation.
Please share, points will be assigned.
Regards,
Shridhar

Please Clear the Difference

Please clear the difference between these two commands
Backup archive log all
Backup archive log all delete input
Thanks

4.3.7.1 Backing Up Archived Redo Log Files with BACKUP ARCHIVELOGTo back up archived redo logs, use the BACKUP ARCHIVELOG command at the RMAN prompt. This example uses a configured disk or sbt channel to back up one copy of each log sequence number for all archived redo logs:
BACKUP ARCHIVELOG ALL;
Even if your redo logs are being archived to multiple destinations and you use RMAN to back up archived redo logs, RMAN selects only one copy of the archived redo log file to include in the backup set. (Since logs with the same log sequence number are identical, there is no need to include more than one copy.)
C:\>rman target /
Recovery Manager: Release 10.1.0.2.0 - Production
Copyright (c) 1995, 2004, Oracle. All rights reserved.
connected to target database: DB01 (DBID=1230234218)
RMAN> show all; check ur backup destination (Disk or SBT)
RMAN configuration parameters are:
CONFIGURE RETENTION POLICY TO REDUNDANCY 3;
CONFIGURE BACKUP OPTIMIZATION OFF; # default
CONFIGURE DEFAULT DEVICE TYPE TO DISK; # default
CONFIGURE CONTROLFILE AUTOBACKUP OFF; # default
CONFIGURE CONTROLFILE AUTOBACKUP FORMAT FOR DEVICE TYPE DISK TO '%F'; # default
CONFIGURE DEVICE TYPE DISK PARALLELISM 1 BACKUP TYPE TO BACKUPSET; # default
CONFIGURE DATAFILE BACKUP COPIES FOR DEVICE TYPE DISK TO 1; # default
CONFIGURE ARCHIVELOG BACKUP COPIES FOR DEVICE TYPE DISK TO 1; # default
CONFIGURE MAXSETSIZE TO UNLIMITED; # default
CONFIGURE ARCHIVELOG DELETION POLICY TO NONE; # default
CONFIGURE SNAPSHOT CONTROLFILE NAME TO 'D:\ORACLE\PRODUCT\10.1.0\DB_1\DATABASE\S
NCFDB01.ORA'; # default
RMAN> backup archivelog all;
Starting backup at 21-AUG-06
current log archived
using target database controlfile instead of recovery catalog
allocated channel: ORA_DISK_1
channel ORA_DISK_1: sid=17 devtype=DISK
channel ORA_DISK_1: starting archive log backupset
channel ORA_DISK_1: specifying archive log(s) in backup set
input archive log thread=1 sequence=5 recid=1 stamp=598992467
input archive log thread=1 sequence=6 recid=2 stamp=598994490
input archive log thread=1 sequence=7 recid=3 stamp=598994675
input archive log thread=1 sequence=8 recid=4 stamp=599040183
input archive log thread=1 sequence=9 recid=5 stamp=599046469
input archive log thread=1 sequence=10 recid=6 stamp=599046809
input archive log thread=1 sequence=11 recid=7 stamp=599046943
input archive log thread=1 sequence=12 recid=8 stamp=599046957
input archive log thread=1 sequence=13 recid=9 stamp=599046991
input archive log thread=1 sequence=14 recid=10 stamp=599047604
input archive log thread=1 sequence=15 recid=11 stamp=599047727
channel ORA_DISK_1: starting piece 1 at 21-AUG-06
channel ORA_DISK_1: finished piece 1 at 21-AUG-06
piece handle=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01$1\BACKUPSET\2006_
08_21\O1_MF_ANNNN_TAG20060821T100848_2GLMHLGC_.BKP comment=NONE
channel ORA_DISK_1: backup set complete, elapsed time: 00:00:09
Finished backup at 21-AUG-06
4.3.7.1.2 Using BACKUP ARCHIVELOG with DELETE INPUT or DELETE ALL INPUT
You can specify the DELETE INPUT or DELETE ALL INPUT clauses for the BACKUP ARCHIVELOG command to delete archived logs after they are backed up, eliminating the separate step of manually deleting the archived redo logs. With DELETE INPUT, RMAN only deletes the specific copy of the archived redo log chosen for the backup set. With DELETE ALL INPUT, RMAN will delete each backed-up archived redo log file from all log archiving destinations.
For example, assume that you archive to /arc_dest1, /arc_dest2, and /arc_dest3, and you run the following command:
BACKUP DEVICE TYPE sbt
ARCHIVELOG ALL
DELETE ALL INPUT;
In this case RMAN backs up only one copy of each log sequence number in these directories, and then deletes all copies of any log that it backed up from the archiving destinations. If you had specified DELETE INPUT rather than DELETE ALL INPUT, then RMAN would only delete the specific archived redo log files that it backed up (for example, it would delete the archived redo log files in /arc_dest1 if those were the files used as the source of the backup, but it would leave the contents of the /arc_dest2 and /arc_dest3 intact) .
RMAN> backup archivelog all delete all input;
Starting backup at 21-AUG-06
current log archived
using channel ORA_DISK_1
channel ORA_DISK_1: starting archive log backupset
channel ORA_DISK_1: specifying archive log(s) in backup set
input archive log thread=1 sequence=5 recid=1 stamp=598992467
input archive log thread=1 sequence=6 recid=2 stamp=598994490
input archive log thread=1 sequence=7 recid=3 stamp=598994675
input archive log thread=1 sequence=8 recid=4 stamp=599040183
input archive log thread=1 sequence=9 recid=5 stamp=599046469
input archive log thread=1 sequence=10 recid=6 stamp=599046809
input archive log thread=1 sequence=11 recid=7 stamp=599046943
input archive log thread=1 sequence=12 recid=8 stamp=599046957
input archive log thread=1 sequence=13 recid=9 stamp=599046991
input archive log thread=1 sequence=14 recid=10 stamp=599047604
input archive log thread=1 sequence=15 recid=11 stamp=599047727
input archive log thread=1 sequence=16 recid=12 stamp=599047883
channel ORA_DISK_1: starting piece 1 at 21-AUG-06
channel ORA_DISK_1: finished piece 1 at 21-AUG-06
piece handle=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01$1\BACKUPSET\2006_
08_21\O1_MF_ANNNN_TAG20060821T101123_2GLMNFKO_.BKP comment=NONE
channel ORA_DISK_1: backup set complete, elapsed time: 00:00:09
channel ORA_DISK_1: deleting archive log(s)
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\O1_MF_1_5_2GJXJLJB_.ARC recid=1 stamp=598992467
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\O1_MF_1_6_2GJZHSF0_.ARC recid=2 stamp=598994490
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\O1_MF_1_7_2GJZOLSZ_.ARC recid=3 stamp=598994675
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_21\O1_MF_1_8_2GLD3OBP_.ARC recid=4 stamp=599040183
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00009_0598966187.001 recid=5 stamp=599046469
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00010_0598966187.001 recid=6 stamp=599046809
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00011_0598966187.001 recid=7 stamp=599046943
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00012_0598966187.001 recid=8 stamp=599046957
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00013_0598966187.001 recid=9 stamp=599046991
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00014_0598966187.001 recid=10 stamp=599047604
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00015_0598966187.001 recid=11 stamp=599047727
archive log filename=D:\ORACLE\PRODUCT\10.1.0\FLASH_RECOVERY_AREA\DB01\ARCHIVELO
G\2006_08_20\ARC00016_0598966187.001 recid=12 stamp=599047883
Finished backup at 21-AUG-06
RMAN>
http://download-west.oracle.com/docs/cd/B19306_01/backup.102/b14192/bkup003.htm#i1006454listen all other member opinion.

Clearing - Exchange Difference

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