Clearing in foreign currnency and local currency and F13E

Hello,
I have a GL account whose Balance in Local Currency Only (BILCO) and Open Item Management (OI) flags are set. The line items posted to this account are always in foreign currency say EUR. In the month end, we use F13E (Automatic clearing with definition of clearing currency), specify EUR, and clear the line items.
But i wonder if we still need to clear in local currency or not. Financially we are not impacted, since this is a transit type of account. We dont use F.13, since in local currency there are exchange rate gains and losses, which for us for this account make no purpose to record.
Cheers
Balla

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In Journal can i specify the Foreign currency and local currency amount?

In Journal Entry can i specify the Foreign currency amount and local currency amount?
I tried the following code it is working fine using DIAPI.
Here the Local currency and the System currency is SGD. And the Journal is for USD.
oJnl.Lines.FCDebit = 120.10
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Solved.
In Journal Entry window, please kindly go to Form Settings/Document/
Table tab page/ Convert Amounts According to Rate upon Exit:
Clear the checkboxes 'From LC Field' & 'From FC Field', then the Local
currency amount will not be automatically calculated based on the FC
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Foreign and Local currency balance difference in GL

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I have a GL for Bank in which entries are posted manually through F-02. GL is maintained on company code currency (Say INR). The transactions posted are in foreign currency (ex USD).
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Hi
Since you do not have any parallel currency, The balance of 100 INR in Local Currency is correct. There is no need to write it off.
My understanding is that the transactions are as below.
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1                     USD            100.00                 INR                4000.00
2                     USD           -100.00                 INR              -3900.00
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You have a Bank Account which is maintained in INR.
In first transaction, you have a receipt of 100$ and bank has applied a rate of 1USD = 40 INR. So the balance is 4000 INR.
Then you have made a payment of 100$ and bank has applied a rate of 1USD = 39 INR. So you still have 100 INR.
That is not a gain or loos. It is valid balance.
Thanks
Prasad
Edited by: Prasad Neelisetty on Dec 23, 2009 8:35 PM
Edited by: Prasad Neelisetty on Dec 23, 2009 8:36 PM

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SAPGURUS
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Edited by: user518071 on Jul 30, 2010 6:20 AM

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Message was edited by: YOGESH KSHATRIYA

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Clearing in foreign currnency and local currency and F13E

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