Clearing of foreign currency invoice

I have noted a particular problem.
An invoice was posted in a foreign currency and was cleared in the same currency. But while clearing the invoice, the exchange rate difference line item generated shows a big amount than the actual rate difference. In addition, additional line items are shown for revaluation with very very huge amount. How this is happening ?

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Foreign currency invoice Through APP Run Payment

Hi SAP Guru's,
My company code currency is "SEK" , and i am posting in FB60 currency is USD then i was Run app It is Showing like this Error
Job started
Step 001 started (program SAPF110S, variant &0000000021747, user ID BREDDY)
Log for proposal run for payment on 02/09/2012, identification B1
Information re. vendor 65670 / customer / paying company code 3130 ...
Payment with currency USD, payment method : No valid payment procedure
Information re. vendor 65670 / paying company code 3130 ...
... payment not possible because of reported error
End of log
Step 002 started (program SAPFPAYM_SCHEDULE, variant &0000000008301, user ID BREDDY)
Step 003 started (program RFFOEDI1, variant &0000000000283, user ID BREDDY)
Program RFFOEDI1: No records selected
can any one suggest me if any configuration is needed and how to run "Foreign currency invoice Through APP Run Payment"
Thanks in Advance,
Bhaskar Reddy.S

Hi Vishnu,
Thanks for your quick replay,it is also very useful answer to me. and i got the solution finally.
Setps:-
1) FS00 Under Control Data Tab I Remove the only Balance in Local Currency Check box
2)FBZP >BANK DETERMINATION> RANKING ORDER (Select ur company code), We need to maintain The which currency you want to like you have payment method "C" You should maintain
Payment Method       Currency     Ranking.Order          House Bank
C                                SEK                 1                            1000
C                                USD                 2                            1000
C                                  GBP                3                             1000
Under Bank Accounts Folder
House Bank           Payment Method         Currency      Account ID     Bank Sub account
1000                             I                               SEK             SEK1               200101
1000                             I                               USD             SEK1               200101
1000                             I                               GBP             SEK1               200101
Under Available Amounts Folder
House Bank          Account ID      Days    Currency    Available for outgoing Payment
1000                       SEK1                0           SEK           9,999,999,999,99
1000                       SEK1                0           USD           9,999,999,999,99
1000                       SEK1                0           GBP           9,999,999,999,99
Thanks,
Bhaskar Reddy.S

Paying Foreign Currency Invoice with Functional Currency

Hi,
Can anyone advise if I am able to pay a foreign currency invoice
using functional currency in AP? Eg. if my functional currency
is USD and invoice is in GBP, how can I pay in USD against the
GBP invoice? Thank you and God bless you.

Most versions of Oracle Financial system, allows the payment of
Foreign Currency invoices in functional currency. If you tried
to pay the Foreign Currency invoices in functional currency, and
if you got error it could be due to of different reasons.
One very common reason, is the lack of (refer currency
conversion rate set up if you are not familiar) of a conversion
rate in the date range of the invoice.

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

Clearing of foreign currency documents in different posting date

Hi guys:
I have encountered an issue on the foreign exchange clearing.
Example given as below Accruals was made on 31 Aug 2008 (Cr Balance), when the invoice is received on 25 Sept 2008, this transaction will be reversed (Dr Balance). And we need to trigger the clearing/matching process. The document currency of the accruals was SGD, but the invoice comes in GBP. Hence, by right, when the invoice is received on 25 Sept 2008, the system should pick the foreign currency rate on this date - WHICH IS 25 Sept 2008.However, the current practice is it depends on which date we do the matching/clearing. Say, if we clear on 20 Sept 2008, the system will pick the 20 Sept 2008 date currency rate, which gives a realised gain/loss (SGD: 716.80 or USD 500.28).
How to pick up the right currency rate we needed?
Forrest

Any idea on this, i can posting and clearing in t-code F-04, so i can change transaction date related to foreign currency exchange rate, but user insist on using F-03, which i can not find transaction date.
Any useful suggestions, points will be awarded
Forrest

Payment of foreign currency invoice in local currency

Hi all,
PO is created in USD and thereafter GR and IR done. The payment of this invoice has to be done in
local currency RUB. In invoice the currency field is not open for change and hence payment in
local currency cannot be generated. How to make payment of USD invoice in RUB ?
Thanks in advance.
Regards,
Sadashivan

Dear Experts,
We have a strange case, and requesting the SAP behaviour for this case.
The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG - 105
I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010. Paying in EUR is rarely happens.
Awaiting your kind reply.
Regards,
Francis

Foreign currency invoice not shown in local currency

Dear Experts ,
Can you please help me to resole
In my company code currency is INR and my foreign currency is USD , when i posted a invoice in foreign currency it shows in print preview only in foreign currency that is USD but i want to see the local currency INR also for that invoice when in view in VF03
please tell me how to do this
Thanks in Advance
Bhaskar

Hi,
Make sure that in VF03 the document is displaying as per your criteria.
Else you need to add layout of local currency value from layout design.
better you check the table that the correct value is generating ( I mean the local currency information is updating or not)
Regards,
Sanju M S

F-44 clearing in foreign currency

Hi All,
   While clearing vendor open items through F-44 system generates error " Ex.rate diff.accts are incomplete for account 164000 currency USD".
   In OBA1 for KDF and KDB respective currency wise and empty currency wise exchange rate gain and loss gl accounts maintained.
   When i am testing in development document get posted but the same is not happen in production. I check gl master records. gl master records are same in development and production. And the changes made in development for OBA1 are successfully transported to production.
   We are working on 4.7. Is there any other configuration to be done or to check.
Thanks in advance.
Regards,
Sankar

Hi Durgasankar,
Goto TCode OBA1 and double click KDF. Give your chart of accounts. Press Position button and give the GL Account as 164000 and currency USD. Double click the entry for details and Check this first in your development client and see whether the same config exists in production also.
Hope this helps....
Regards,
Sreekanth....
Edited by: VENKATA SREEKANTH on May 20, 2009 1:19 PM

No Rate. Foreign currency invoice does not have an exchange rate assigned to it.

Hi,
working in oracle applications 11i.
We have encountered the above issue in an invoice. I have run autorate request and I can see that the invoice and all its distribution lines has the exchange rate. but when we submit it for validation it shows the error:
APP-SQLAP-97634: The invoice XXX has an accounting hold and is pending cancellation so you can no longer submit it for validation. To have the system automatically validate the invoice and complete cancellation, please either manually release the hold, or correct the errors that caused the hold then cancel the invoice.
Any ideas?
Thanks & Regards,
Abeer

Hi Abeer,
In Support, we would get an aplist of the invoice and provide a data fix to reset the invoice back to the state before cancellation was attempted. If any one in your organization has access to Oracle Support, they should log a bug for this data fix.
Cheryl

System Error in Foreign Currency Invoice Reversal

Hi All,
We have posted MIRO on posting date and entry date 09.03.2011 with 100 rs, than reversal MR8M on posting date 09.03.2011 but entry date 22.03.2011, system has consider 120 at that time of reversal, balance tarnsaferred gain/loss account.
we have revesed 100 rs, but why system has showed 120 rs?
system is considered Exchange rates based on posting date or system date?
Please let us know.
Thanks and Regards,
Ram

Hi Murali,
Thank you very much for your reply.
issue was resolved.
Thanks
Ram

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

F-32 - clearing customer items in foreign currency

Hello gurus,
please, where in SPRO can I set the possibity of clearing customer items in foreign currency in F-32 ?
Presently all items are converted to local currency and it's not possible to switch into foreign currency.
Vendor open items we can clear in foreign currency in F-44, but customer open items not.
Thank you,
Ondrej

What error you are getting in F-32 while clearing the customer in foreign currency?
Please check whether in FS00 for that customer reconciliation account, you have selected the check box "Balance in local currency". If yes, then that will not allow you to clear in foreign currency.
Regards,
SDNer

Foreign Currency

Hi guru's
Pls give suggestion
I posted foreign Currency Invoice 100 Eur 50
At the time of payment this parital Payment 50 EUR 52
How it is possible .
when i try system is not showing foreign Currency Differnce
system showing
vendor 50* 52
Bank of india 50 * 52
pls suugest my client is asking
very important

Hi Prakash,
We need to understand the foriegn exchange valuation. The Valuation is a periodic activity. We have to run customised or SAP standard programme (T Code F.05) for valuation. You can valuate all the open items (not closed), but don't forget to post them after valustion otherwise the difference will not be visible. Beginnig of the next month the posting should be reversed as the difference is not yet realised.
Hope this clears you doubt.
Regards
Bharat

Foreign currency payments

Hi all,
we have an issue related to foreign currency payments. Below a short action plan what we are doing:
1. Import invoices through the 'Payables Open Interface Import'
2. Validate the invoices with 'Invoice Validation'
3. Populate the ap_inv_selection_criteria_all
4. We call the 'Payment Process Request Program'
5. We call 'Build Payments'
6. We call 'Create Accounting'
7. We call 'Transfer Journal Entries to GL'
If we now have foreign currency payments it will not take the exchange rate from ap_inv_selection_criteria_all. Due to this data in the below tables is missing:
AP_CHECKS_ALL - missing: EXCHANGE_RATE
AP_INVOICE_PAYMENTS_ALL - missing: EXCHANGE_RATE, PAYMENT_BASE_AMOUNT
AP_PAYMENT_HISTORY_ALL - missing: PMT_TO_BASE_XRATE, TRX_BASE_AMOUNT
Due to this we generate payments, but the whole accounting will fail with 'Missing rates'
Any one who knows which columns in the ap_inv_selection_criteria_all must be populated for foreign currency payments?
We populate: exchange_rate, exchange_date, exchange_type
But it seems like this is not sufficient.
Environment:
12.1.3 Apps
11.2.0.2 DB
We already have a data fix. But the issue will occur everytime we have a foreign currency invoice which has to be processed.
Thanks,
Kai

Below are the columns we populate in the table ap_inv_selection_criteria_all:
(checkrun_name,
check_date,
last_update_date,
last_updated_by,
bank_account_name,
period_name,
pay_thru_date,
hi_payment_priority,
low_payment_priority,
pay_only_when_due_flag,
status,
currency_code,
document_order_lookup_code,
audit_required_flag,
last_update_login,
creation_date,
created_by,
zero_amounts_allowed,
payment_method_code,
org_id,
checkrun_id,
bank_account_id,
template_flag,
future_dated_payment_flag,
exchange_rate,
exchange_rate_type,
exchange_date,
payment_document_id,
create_instrs_flag,
pay_group_option,
currency_group_option,
le_group_option,
ou_group_option)
Thanks,
Kai

Clearing of foreign currency invoice

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