Clearing in local currency

Hi,
I have following situation: a bank account and a customer account, document posted in foreign currency (EUR). Exchange rate differences were posted in this document.
Then they realized that wrong bank account was used. In order not to reverse a document with many lines they took the bank amount and reclasified it to the correct bank account, keeping the same local (USD)/foreign currency *EUR amount.
When they want to clear these documents on bank account exchange rate differences appear again, although the reclasification was done keeping the same amounts.
What could be the reason of this exchange rate differences?
thanks

Any ideas here?
Both documents are posted in EUR ( foreign currency) and I am trying to clear them in EUR but also in USD and the result is the same: exchange rate differences appear although all dates are same in all documents including the clearing date.
Where from are these differences then coming?
Thanks,

Similar Messages

OBY6 no forex clearing in local currency when LC2 used also

Hi folks,
I know this is a long shot that anyone can help but here goes..
Our site has local currency BOB and an additional local currency (local currency 2) USD.
So we usually get 2 local currency amounts in documents, a BOB amount and a USD amount.
When clearing in local currency BOB we are getting a lot of exchange rate difference postings for documents that are in foreign currency. We want to stop the exchange rate difference postings when we clear in local currency BOB, as it is not necessary to post a difference for clearing.
The setting in OBY6 for this is tick box "no forex rate diff. when clearing LC"
However even when this is ticked in OBY6 I STILL get the gain/loss exchange rate postings when for example a EUR document is cleared using the local currency amount in BOB. I am sure I have seen this setting work before, but not with an additional LC2. Maybe the LC2 being USD means that this setting can no longer work? We are on 4.7.
Thanks all

Got an answer from SAP on this issue
Please be informed that
OBY6 "no forex rate diff. when clearing in LC": please regard the
documenatition. The flag is only relevant for the local currency (= 1st
local currency). In your case the 2nd local currency is concerned. That
is the reason exchange rate difference items were generated for hard
currency.
So if you use a second currency forget using the OBY6 setting, you have to 'disregard the documentation'. You can never stop the exchange rate difference posting because either LC or LC2 will find a difference if the rate differs on clearing.

How to clear cumulative local currency balance of foreign currency Bank a/c

Hi,
We are facing a problem with the foreign currency Bank account from which we make payment in foreign currency but when we see the balance in local currency there is a difference.
e.g Local Currency RMB Bank Account Currency USD
Current Balance in Bank Account 1000 USD RMB rate 0.275 Balance in Local currency 275
We make a payment of 1000 USD at that time rate is 0.270 Payment in local currency i.e. 270
When we display of GL Balance of Bank account it is showing 0 balance but balance in RMB still showing 5 KWD which is not correct as we dont have any balance in USD. How to avoid this situation.
Regards,
Nirmala S.

You have to configure realized and unrealized exchange rate gain/loss accounts in transaction code OB09 for all your foreign currency balance sheet accounts. Once this configuration is done, you have to perform foreign currency valuation (F.05 or FAGL_FC_VAL) to clear the balance in local currency and post it to unrealized exch. rate gain/loss accounts configured in OB09 above.

Exchange rate differences whne clearing documents in local currency

Hello,
While clearing customer documents in local currency , the system calculates exchange rate differences in the clearing document. Even if the amount in local currency is 0, the amount in second local currency will have a value. The same is happening also when we clear GR/IR account. In the case of customer clearing, becuse for the exachange rate differences account are maintaied default values in OKB9, the system cannot split, since there are 2 different account assignments when tolerances are also involved.
I think that, if the exchange rate differences account wont be popluated while clearing, i will be able to post clearing with tolerance amounts.
Any idea about how to make the exchange rate differences not to be caulculated for clearing in local currency?
Thank you,
S.

Hi,
Go to OBY6 and choose your company code.
For your company code, the check box No forex rate diff. when clearing in LC should have been checked in case if you dont want to calculate the exch rate diff when clearing open items in LC.
This will solve your issue.
Thanks,
Srinu

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

.

Clearing of accounts via f-04 for local currency

Hi,
May I know whether are clearing functions (eg. F-04, F.13) used for document currency or local currency ?
How do I set this ?
I am not referring to OBY6 for the settings of no exchange rate when clearing with local currency.
Thank You.
Regards,
Leslie

when you clear the open item, the system will pick up the exchange rate mentioned in the tables (Tcode OB08) and the difference in the exchange rate entered in the invoice and the exchange from the tables at the time of payment will be proposed.
If you enter the payment document with the same exchange rate you had given at the time of invoicing, there will not be any difference.
Check you settings in OB08.
Regards

Invoice payment other than local currency

Company code currecny is INR
Invoice booked in foriegn currency i.e. document currency EUR 100 and converted to local currency 1000 (inr)
Making the payment in INR in 1000 (INR) against EUR invoice posted, now the vendor will be cleared in local currency and no open items, balances will '0'
But the problem is amount in the doc currency balances will show two difference amounts 1000 INR and 100 EUR.
Is there are any specific settings where we can the knock off the balance lying in the document currency and balances should show '0'.
Regards,
Krishna.

You can clear the vendor using F-44 mentioning clearing currency on the selection screen as INR.
Regards,
Gaurav

F.13 automatic clearing G/L Account in Amount in Local Currency

Hi gurus:
I need a lot of help with t-code F.13.
I need clearing a lot of line items in one GL Account. every one has the same Assignment Number and has in local currency (CLP), but one of them is in USD.
When i call the transaction, I fill the follow fields, but the system doesn't clear the items and shows follow message "B No clearing (difference too large)" .
Company code                    CMF
Fiscal year                     2009
Assignment                      2009
Select GL Accounts        X
G/L accounts                    21070016
Clearing date                   30.06.2010
Clearing Currency               CLP
Permit individual line items   X
Include Suppl Account Assign X
I tried with the follow configuration in OB74
S     21070016     21070016     ZUONR     DMBTR
But system cleared certain items, not everything.
¿How can I do a automatic clearing when i have documents with differents document currency? ¿Is it posible to do a residual items from F.13?
Greetings and anticipated thanks
Marco

Hello Raj:
Thanks for your reply. Look, the difference that I found between both t-codes is the field: Clearing Currency.
I've executed many times with that field empty and CLP. But the result is the same "No clearing procedures were carried out".
Also I've tried with different combinations of this checks:
F124BVK - Special Processing (Clearing Currency from Assignment Field) (I dont know how to configure this)
F124ALW - Expiring Currencies
F124TOLEB - Consider a Single Line Item for Tolerances
F124NKON - Include Supplementary Account Assignment
What can I do now?
Thanks a lot
Marco

GR/IR clearing value in local currency

Hi All,
I have a service PO (Item cat D) in which the vendor and local currency is same as USD.
when I see PO history, the amount of SES and GR (101) is shown as 0 (ZERO) in "GR/IR clearing value in local currency" colunm, however the amont of IR is displayed here (NOT 0).
Can you please help to undersatnd of this behaviour.
Thanks in Advance.

Hello Kumar,
When a Po is created two currencies come in to picture
One- The document currency, which is generally the vendor currency also or the currency in which the items are ordered.
Two- The local currency or the Currency of the company code or the currency in which account postings take place.
The GR/Ir clearing value in local currency is the value that is viewed in the company code currency. This is dealt in the background and should not cause any issues at all

Clearing foreign currency payments against local currency bank account

Hi all
We have foreign currency invoices (eg in USD, EUR) and would like to pay these from a AUD domestic bank account. Is this common practice or does the client need to enter such invoices in their external bank specific terminal to process such payments if they have a domestic currency bank account.
How does the Electronic bank Statement (which is in AUD) clear these foreign currency invoices (EFT clearing account or suspense account). I presume we would have to post to a suspense account clearing and then do a manual post with clearing after loading the bank statement. However, the amounts do not balance to zero as i cannot clear items off as they are in different document currencies as noted below.
INVOICE
cr vendor 100USD   200AUD - cleared by payment program
dr expense 100USD   200AUD
PAYMENT PROGRAM
cr Sus clg 100USD   210AUD
dr vendor 100USD   200AUD - Cleared by payment program
dr FX g/l    0USD    10AUD
ELECT. BANK STATEMENT
dr Sus clg 205AUD
cr Cash    205AUD
What would be the standard approach for such postings from an SAP bank accounting functionality point of view.
Is there a better way of design the above payment process.

Hi,
this is a hard task.
You have to play with the GL account master data. See documentation for field "Only balances in local crcy". It is quite good described for the clearing in foreign currencies.
Also I have some doubts that there were settings in FI for foreign currencies clearing, but I have never customize it.
Hope I helped you (if so... points reward would be highly appreciated )
Regards,
Alex

How to clear local currency balance in foreign currency account

hi,
i have a bank account in EUR but local currency is USD.
in the account balance, it has 0 in EUR but has balance in USD. i need to clear the amount in USD.
i tried f-02 to post EUR 0 and balance which in USD i enter in amount in local currency field but when simulate, the system converts the USD amount for EUR and EUR with an amount.
may i know how to clear local currency balance for a foreign currency bank account which has ZERO balance.
thanks

Dear ,
can u give me the details
what is the invoice transaction (Entry
how u clear that transaction (entry)
what is the difference values.
Regards
radha

Invoice in local currency Clearing in Foreign currency

Hi,
Is it possible to clear the invoice in foreign currency which is originally posted in Local currency.
regards
Stefen

Yes, but if the Local currency amounts do not match,then you will have to either:-
a) Write off the differance as a "Discount"
b) Manually add another posting line, to post the difference to the Exchange difference accounts.
a) is easier, but b) is correct from an accounting view.
Regards
D.

Clearing Foreign Currency invoice with Local currency

Hi,
We do have a requirement for clearing of Vendor Invoices ( Foreign Currency) with Payment of Local Currency . System not posting any Forex fluxuations .
Clint required to see the Foreign Exchange gain loss automatic postings ,
Eg:    Vendor Invoice   200 $    (200 $ = 800 INR) Exchange Rate : 40
          Payment            1000 INR                       Exchange Rate : 50
Expected Result :
Vendor Dr                     : 800
Bank    Cr                      : 1000
Forex gain / loss Dr       :   200
Regards,
sujana

Hi,
I have deactivated , the check box of No forex gain loss for local currency in Global parameters.
But system behavious is following manner.
1. While making payment (F-53) , system fetching the exchange rate from exchange rate table ,. NO OPTION for User input.
But customer requirement is exchange rate will be according to user input.
2. While clearing system , the difference of forex gain , system expecting differential posting besides to forex gain loss amount.
But customer requirement is to post accounting entry would be
              Vendor debit
             Bank Credit
           Forex gain / loss a/c Dr.
Please suggest , if any body has got an idea ..,
Regards,
Sujana

Local Currency different with Clearing Currency

Hi!
We are having a problem with an A/R account. I was trying to clear the customer balance. At first i was looking at the Customer line item of the client and it
showed their a credit of Php 8.217 Million which i could allocate/use to clear a debit of Php 8.216 Million. But to my surprise, when i was about to clear it (i was in the clearing function already) the same document, credit of Php 8.6 Million, became Php 7.6M.
It seemed there was difference between the figure in local currency and clearing currency.
We can't figure put how to fix the problem. By the way, the credit document was an entry to offset/reverse deficit. It was an A/R-A/P offsetting of sorts. The base figure was in dollars. The dollar amount was 155k.
Need help.

Hi,
One option is to set the posting date of initial posting and the clearing date to be the same. In that case, there may no be a fx difference.
If that cannot be, then the gain or loss on fx change (between the dates) need to be taken a hit in the books.
Rgds.
pl assign points if useful.

Clear balance in local currency

Dear all,
I hope you can help me with following issue.
I'm trying to clear 2 documents via F-03
The 2 documents have a balance in local currency of 0 (zero). Normally it should be possible to clear these 2 documents.
The problem however is that in the GL master record "only balances in local currency" was not flagged when the postings were done. I think that even the balances in local currency net to zero there is now a balance in foreign currency.
Any idea's on how I can clear the balance in local currency?
Thanks a lot

Checking the checkbox "No forex rate diff. when clearing in LC" for your company code in T Code OBY6 could resolve your issue probably.

Clearing in local currency

Similar Messages

Maybe you are looking for