Customer Statement in Foreign Currency

Hello Experts,
Is there a way to choose the display currency on a customer statement? For those customers who our client invoices in EURs or CAD, they would like to be able to print their statement in either currency or at least have both currencies displayed on the report simultaneously. There is not much flexibility with editing the existing print layout of the customer statement since it pulls from system variables - is there a way to link these variables to the foreign currency?
Thank you,
Sarah Buchanan

Hi,
You can set the language of this BP and create a Print Layout for This language and this have to work.
For example:
- BP Currency - BP Language - Layout Currency - Layout Language
- USD - - - - - - - - - - English- - - - - - - - USD - - - - - - - - - - - - English
- EUR - - - - - - - - - - Spanish - - - - - - - EUR - - - - - - - - - - - - Spanish
- CAD - - - - - - - - - - English UK - - - - - EUR - - - - - - - - - - - - English UK
The system is going to ask you if you want to choose the print layout for the BP language, if you don't have a layout for this language just choose no and then is going to show the default Print Layout.
I hope this help you.
Regards.
Enriquillo Guigni

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Hi all,
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Transaction:
S_ALR_87012082
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S_ALR_87012172
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Hi,
i'd use 2 fm's:
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i don't get your answer!?
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Hi,
We have set up the system so as to create a payment order when automatic payment program is run. Now, we have a scenario, where house bank is in local currency - SEK. This is used to pay the invoices in foreign currencies USD, DKK etc using automatic payment program. The electronic bank statement we receive from the bank has transactions in different currencies. We convert this to multicash format using DME engine, mapping the amounts in local currency to the statement and item file.
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Message no. F5794 i.e. XXX is not a payment order for currency XXX. Correction required.
Any ponters to solve the issue.
Appreciate the help in this regard!
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/Vartika

Hi Narasimhulu,
Thanks for your reply.
The thing is, payment orders are in a foreign currencies - USD , EUR etc. The clearing account is in local currency SEK. The bank statement has amounts both in order currency as well as local currency for every order. But when we are clearing using multicash, we are trying to pass the amounts in local currencies for each order. This is because, as far as i understand, it is the currency in multicash statement file that is used for clearing . And there can be only one record in multicash statement file. So we have to use the local currency for clearing.
EBS:
1 Payment order 1 - 1000 USD = 7000 SEK
2 Payment order 2 -2000 EUR = 18000 SEK
Multicah Statement File :
25000 SEK
Multicash Item File :
Payment order 1 - 7000 SEK
Payment order 2 - 18000 SEK
Or is there any other way of handling it ?
Many thanks again!
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Hi all,
Does SAP provide any tables to check foreign currency balance for each vendor/customer?
I have searched some websites, have not found any good solutions yet?
Regards
Tony
Moderator: Please, search SDN

Hi ,
please use the report tcode S_ALR_87012172 . Kindly award points if the answer was helpful.
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Anirban

Customer Statements in Foreign Language

Hello,
Trying to get a printout in the Language of the Customer(Correspondence - Customer statement) specifically form F140_CUS_STAT_01. Cannot seem to get anything to work. Doesn't matter what language at this point just need to show the functionality. Can anyone guide me in the right direction?
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Hello
Go to define correspondence under accounts receivable and make the related settings for your company code.
a. assignment of program to your company code
b. assignment of form to your company code
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anantha

Foreign Currency Valuation ..Run.. FAGL_FC_VAL

Hi Experts,
I am working on ECC 6.0,
I am doing FCV run for customers only ( FAGL_FC_VAL) i have also posted couple of customer invoices using foreign currency (USD) Doc date 15.12.2009, posting date : 15.12.2009, posting period :12...
I have configured FCV with Exchange rate maintainance, Exchange rate Type, Translation ratio, maintained Accounts and valuation area.
when i am trying to run FCV i have given valuation key date: 31.12.2009,valuation area: LV,batch input name, document date 31.12.2009, posting date: 31.12.2009, posting period: 12, reversal posting period : 01.01.2010, reversal posting period: 1, checked create postings, valuate custmer open items and i have given customer account
when i do execution (f8) in amount posted column its showing zero (there is no exchange rate calculated)
can anyone tell why its not posted the difference amount, how to reveal this issue.
Thanks in advance'
Jerry

Hi,
The reason is, there is no differences in the exchange rates, that is why system showing 0(Zero). Try to post the different exchange rate on 31.12.2009, then you can find the differences in FCV.
Rgds
Murali. N

Does setting multi currency and fixed foreign currency make a difference ?

Hi all,
My customer deals in foreign currency say USD, where as local currency is INR.
Now I want to know that what all difference SBO will make if in one scenario I set the Inventory GLs currency as Multi currency and in second scenario I set the Inventory GLs currency as USD ?
Regards,
Samir Gandhi

Hi Samir,
in essence, an account/BP that is set up as multicurrency (MC) is local currency (LC) in disguise. All transactions are held in the application in LC, the display is merely informational according to the exchange rate defined for the posting date. The reconciliation currency is LC.
A foreign currency (FC) account/BP will only accept transactions in this FC. The LC equivalent is automatically calculated, but the reconciliation currency is FC. Exchange rate differences are used to adjust LC according to the rate at the execution date.
If you use a particular bank account for trading with a particular foreign country, the account currency & the BP currency should be set to a single FC. If a particular bank account is used to deal with various BPs using various currencies, that account should be set up as MC, yet we would recommend you set the BP as single FC.
There are some relevant Expert Empowerment Sessions available in the archive:
[Exchange Rate|http://service.sap.com/~sapidb/011000358700000315572008E.zip]
[FC & SC are the same, why don't they match?|http://service.sap.com/~sapidb/011000358700000326672008E.zip]
Also, please have a look at the Expert on Phone Newsletter May2008:
[How to reconcile a foreign currency only journal entry for a multi-currency Business Partner|https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=25494259]
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Kerstin

Currency Issue - Customer Statement

Hi All
Iu2019m looking for help I have a client that is trading in different currencies, system currency is R and their Bank is USD customers buy in different currencies e.g. Euro, USD, HK$ and in order for this to work from a banking perspective we needed to make the business partners all currencies but this is playing havoc with my customer statements.
Whatu2019s happening is that the system shows the account balance correctly it shows the invoice with the local value (Ru2019) and the foreign value (USD) as it was posted on the day but when running the customer statement it revalues the foreign value (USD) with the exchange of that day, the customer get his statement and the amount doesnu2019t match the invoice.
I understand that what its doing is correct in a way being that the system currencies is Rand but is there some way that one can have it pull through the amount as it is on the invoice without the revaluation.
Thank you
Ronald

Hi Ronald,
The customer statement will show the FC open balances according to the current date's exchange rate as these documents are open and are still be be settled.
As these documents needs to be settled, therefore it will show the balance to be set off at the current date.
You can refer to the Note No. 1225922, regarding the explanation on the same.
Regards,
Jitin
SAP Business One Forum Team

Create items by vendor and customer on Foreign Currency Valuation

When we execute Foreign Currency Valuation, we would like to create items in a document by vendor and customer.
Can we handle it a 'Corp.group-vendors' flag(Evaluate Accounts According to Group Definition) ?
Can you help with this issue please?
Thanks,
Sato.Ishikawa

HI,
With the report SAPF100, you will be able to valuate foreign currencies
from customer and vendor accounts.
It is not possible to post a foreign currency valuation directly to a
vendor or customer account. This is only possible for g/l accounts.
You can refer to the following workarounds:
From the technical point of view you can use FB01 to post such a posting
You have to enter a exchange rate manually in the first screen. In this
case this exchange rate is used instead of the exhange rate of table
TCURR (transaction OB08).
You have to choose a exchange rate which transfer the amount in local
currency to 0,00 in foreign currency.Another possibility is to use
RFBIBL00 in transfer type direct input for FB01.An amount of 0 in
foreign currency should work.
The system is designed not to post documents with 0 amount in foreign
currency to vendors/customers.
Reg
Madhu M

Foreign currency revaluation using customer or vendor accounts

Dear friends,
I am new to the forum and I wonder whether there is a foreign currency revaluation procedure (besides SAPF100) which can generate revaluation postings using customer or vendor accounts directly, instead of G/L accounts.
Supposedly for example, we had a customer Denmark National Bank, with id 400006A, and this account had a debit balance of 10000,00 EUR local currency, which would be 750000,00 DKK foreign currency (if for instance, the original rate was 7,50 DKK / EUR).
At the time I run FC valuation for customer 400006A, the currency rate could be for example 8,00 DKK/EUR.
Thus, the new LC amount that arises after valuation : 9375,00 EUR (which is 75000,00 DKK / 8,00).
In this way, I would have an amount loss of: 10000,00 9375,00 = 625,00 EUR.
Then, if we were to apply such customer valuation based on business area, we could probably have the following posting:
PKey   Bus. Area Account FC amount (DKK) LC amount (EUR)
17       0017    400006A 75000,00       10000,00
04       0017    400006A 75000,00        9375,00
40       0017 6910000000      0,00         625,00
In this way, customer 400006A is credited with an amount of 10000,00 EUR and balances out.
A new balance of 9375,00 EUR is created after valuation, and an amount loss of 625,00 is posted to G/L Main Loss Account 6910000000 (or to a G/L profit account in case of an amount gain).
Program SAPF100 works in a slightly different way, in the sense that it posts valuation differences in G/L accounts rather than to customer or vendor accounts directly in the way that was described above.
Any ideas or suggestions would be appreciated.

Hi Orestis,
I imagine this is correct, because for the vendors/customers, we have the reconciliation account. In the reconciliation account, we should record only the open and closed items (I can't see any process that would record foreign currency valuation differences in the reconciliation account).
Regards,
Daniel Carvalho.

FI Forex gain loss & Exchange Rate difference on Foreign Currency & Chart of Accounts

Dear All,
I have queries on following :
1) what is difference b/w Forex gain loss account & Exchange Rate difference on Foreign Currency account .
2) Under which Heads in Balance sheet they should come as per Indian Accounting Standards.
3) Are these accounts common for Vendor & customers or different.
4) they record FI data at Company code level or at sub-ledger level first (Vendor /Customer) .
4) Is it advised to use same Chart of Accounts to two companies in same country by using different GL's with different FSV?
Regards
MJ

Hi M J,
Please note the answers below:-
1. It is one and the same thing. When you say forex gain/loss account, it means a GL account and exchnage rate difference means, the difference in rates at which you purchased/sold and the rate at which you made paid/collected.
2. Ask Client where they want to show these GL's in Financial statement Version.
3. The configuration setting is in OB09 and SAP allows you to keep same or diff GL for both realised Exchnage rate gain/loss. It depends on how you want to see. technically it is possible.
4. The Valuation is done at company code level, but individual records are picked up at vendor/customer level. It means that the revaluation gain/loss adjustment is not given to each individual Vendor/Customer, rather it is posted to a GL - Balance Sheet adj.
5. Yes, you can use same chart of accounts and you do not need to create separate GL's at the company code level for two company codes. Same GL's can be used as the posting is made at Co. code level.
Regards,
Kavita
Note : Please raise separate thread for different questions. Your Point No. 5 is not related to the rest.

Why foreign currency valuation is required ?

Hi.
I just want to clear my doubt. If we deal with foreign vendors or customers like vendor invoice is done through USD or EUR or GBP but payment is not made till now or customer invoices are done but payment is not received from them in month of August. In that case if we run foreign currency valuation of open vendor invoices and open customer invoices on 31st August it will generate accounting entry and next day i.e, 1st September accounting entry will be reversed. So my question is we have not received from customer and we have not paid to vendor, invoices are still open from customer and vendor side. So if we run foreign currency valuation what will be its actual effect in the business and if we not run foreign currency valuation what are the problems may arrises because later if we pay to vendor through foreign currency then actual loss / gain effect will arrise in our business scenario.
Kindly give me reply.

hi
As part of the period end process, and in anticipation of creating a period-end financial statement, all accounts held in foreign currency and all foreign currency open items must be re-valued at the period end rate. There are two tools within the SAP ERP Packaged Solution for this purpose:
Foreign Currency Revaluation u2013 Balance Sheet Accounts: The program selects every balance sheet account, typically cash accounts, that is held in a foreign currency and re-values the total balance at the currently valid rate. Any (sterling) exchange rate difference is posted to a realised gains/losses account.
Foreign Currency Revaluation u2013 Open Item Accounts: Open item accounts managed in GBP, such as debtors and creditors, may contain foreign currency transactions. The program will individually revalue each open item to determine an overall unrealised foreign exchange gain or loss position. The realised exchange rate gain/loss is posted when the transaction is cleared.
It is a statutory requirement to meet hte FAS52 and GAAP requirements
thanks
Srilaskhmi

Foreign Currency Revaluation Configuration

Dear Expert,
How to configure OBA1 Foreign currency revaluation. please expline KDB and KDF,
Which GLs will assign in Exch. Rate Diff. using Exch. Rate Key (KDB) and Exchange Rate Dif.: Open Items/GL Acct KDF. please explain .
Regards
Jhaanu

Dear Jhaanu,
Please fallow below Details and see step by step. it should help full for you..
Purpose
This wiki provides a demonstration of valuation of Open Items In Foreign Currencies
Overview
From the help.sap.com documentation the following is stated
Valuation of Open Items in Foreign Currencies.
Use
All open items in foreign currency are valuated as part of the foreign currency valuation:
The individual open items of an account in foreign currency form the basis of the valuation, that is, every open item of an account in foreign currency is valuated individually.
Example of open items are customers, Vendors, or GL accounts managed on open item basis (SKB1-XOPVW = X)
The total difference from all the open items in an account is posted to a financial statement adjustment account. The account therefore retains its original balance.
The exchange rate profit or loss from the valuation is posted to a separate expense or revenue account for exchange rate differences as an offsetting posting.
A valuation cannot be made by posting to the payables/receivalbes account, since reconcilation accounts cannot be directly posted to.
For this reason the amount is posted to an adjustment account, which appears in the same line of the balance sheet as the reconcilation account
Step 1 - General customizing
Local currency of company EUR -
Implementation Guide: Financial accounting (New) -> Financial accounting global settings (New) -> global Parameters for company code - Transaction code OBY6
Exchange rate 1 USD = 1,7 EUR
Implementation Guide: SAP NetWeaver -> General settings -> Currencies (check all settings) -> Enter Exchange rates (Transaction code OB08)
Step 2 - Create Invoice
SAP Easy Access -> Accounting -> Financial accounting -> Accounts payable -> Document entry -> FB60 Invoice
Post document
Display document posted via FB03
Change in exchange rate occurs 1 USD now equals 1,63 EUR
SAP Easy Access Screen choose -> Accounting -> Financial Accounting -> Accounts Payable -> Accounting -> FBL1N -Display/Change Line items
Step 3 - Review of Foreign Currency Valuation customizing
Prior to performing a foreign currency valuation review of customizing:
Implementation Guide:Finanical Accounting (New) -> General Ledger Accounting (New) -> Periodic Processing -> Valuate
Define Valuation Methods
Define valuation Areas
Define Accounting Principles
Check Assignment of Accounting princples to ledger Group
*required if you have more than one ledger
Perpare Automatic Postings for Foreign Currency Valuation
Select Transaction KDF, enter Chart of Accounts
The Target Accounts for KDB/KDF can also be defined per valuation area
Account Determination per Valuation Area
Step 4 - Perform Foreign Currency Valuation
To perform a foreign currency valuation, from the SAP Easy Access Screen, choose Accounting -> Financial Accounting ->
General ledger/Accounts Receivable/Accounts Payalbe -> Periodic processing -> Closing -> Valuate -> Foreign Currency Valuation (New)
Transaction FAGL_FC_VAL (Program FAGL_FC_VALUATION)
Execute
Click on Postings button
To create valuation documents create postings must be ticked on, if you execute without create postings ticked, this means that program is run in test mode.
If there are errors when posting, a batch input session is created (transaction SM35)
Update run is saved in table FAGL_BSBW_HISTRY
Best Regards,
Krish.

Customer Statement in Foreign Currency

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