Different currency bank account

Dear all,
May I know what is the impact if only have local currency bank account as compared to foreign currency bank account in addition to local currency bank account.
if i have invoice in foreign currency say USD and also local currency, should i have both usd and local currency bank account or only local currency bank account. what is the impact for both scenario?
thanks
rgds

Hi,
Foreign Currency bank accouns are only maintained when there is surety of transaction being posted only in one foreign currency. For eg. if you have foregin currency bank account i.e. USD then you will not be able to post in any other currency.
Business Case: Indian company has a Bank Account in US to recieve collection for the sale made in US and also used to make statutory payment in USD then it is wise to keep that bank account in foregin currency.
Regards,
Chintan Joshi

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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
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cr Sus clg 100USD   210AUD
dr vendor 100USD   200AUD - Cleared by payment program
dr FX g/l    0USD    10AUD
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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

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Hi,
We have the following requirement:
Functional currency : GBP
Bank Account :USD
Need to make payments in CAD
Since the bank account is not in functional currency we are unable to make that multi currency payment enabled. Users do not want to create a functional currency bank account.
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Hi, I am referring to paying foreign currency (ap payments) using non functional currency bank accounts. Are you referring to payment or receipts in foreign currency ?
Please refer the in 11i ap guide
1. pg 2-104
"Dening Multiple Currency Bank Accounts
A multiple currency bank account is an account that accepts payments in more than one currency.
If you define a multiple currency bank account for payments, the currency of the bank account must be the same as your functional currency."
2. Payment Formats pg 2-140
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These 2 states that you can pay suppliers in foreign currency only if the bank acct currency through which you are paying is same as functional currency. But my bank account currency is different from functional currency.
Since you say you are doing , I am quite interested to find out more.Can you please let me know your currency setups on the bank and payment format.
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Company A's functional (company code) currency is GBP.
It maintains bank accounts in GBP, EUR and USD.
How can it transfer money in SAP between its USD and EUR bank accounts without going via GBP account?
Thanks in advance for your time and efforts.
sumit

Hein,
Thanks for the reply though it is not that straight forward.
The situation here is that account # 100 is EUR denominated, account # 200 is USD denominated. The co. code is GBP denominated.
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If I go to FB50 or FB01 and enter USD as the transaction currency for the JV and enter USD account # 200 as a credit and EUR account # 100 as a debit, SAP does and will error out as the EUR account can only be posted in EUR, not USD and not GBP or any other currency for that matter.
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In the vendor master, I maintain both indonesia currency bank account and USD bank account, (same bank key, diiferent bank account, different country, bank type 1 & 2), but in the payment run, when we use payment method C, payment couldn't differentiate vendor's IDR and USD bank account, both IDR and USD invoices go into IDR account.
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Hi
maybe you could try to write a substituion: 1. save the bank details on the vendor master with the currency key 2. write substitution - on invoice, the bank details = the currency of the document.
For filling it automatically, you should have either a substitution rule either a mass change program which should change the line items before running the payment program. In both cases you need some abap code for checking that the bank type exists in the supplier's master data.
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CURRENCY VALUATION - BANK ACCOUNTS

I wanted to know how you manage currency valuation with regards to daily reporting of Foreign Currency Bank Accounts in Local Currency
I am on Version 4.6C and do valuations monthly so that we are able to value our Foreign Currency Bank Accounts at the prevailing exchange rates as at the end of the respective reporting months.
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Hello,
This is a DRQ about the Payment process.
It concerns the "Payment Wizard" functionality (Menu "Banking --> Payment Wizard") and the "manual outgoing payments" creation (Menu "Banking --> Outgoing Payment --> Outgoing payment").
Version : 2007A SP00 PL38
Description of requirements :
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Kind Regards.
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Hi Grégory
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Hi,
I would like to ask about different currency when we tried to create Bank Account Transfer.
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Transfer date: 03 Oct 2012
Currency: USD
Transfer Amount: 1500
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it supposed to be okay but when tried to validate, there was error:
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Kindly need help
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Findy

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Quote: "You cannot merge two or more Apple IDs into a single one. You can, however, use one Apple ID for iCloud services and another Apple ID for store purchases (including iTunes in the Cloud and iTunes Match). See “Using one Apple ID for iCloud and a different Apple ID for Store Purchases” above for details." See also Apple ID & iCloud FAQ: http://support.apple.com/kb/HT4895?viewlocale=en_US&locale=en_US
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Can 2 different apple ids specify the same bank account as iOS developers?

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Thanks. Actually I meant organization bank account. Money transer will be made to retrieve payments for the apps sold in the app store. Does this affect the answer?

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AUtomatic Payment Program - Unable to make payment to Foreign Vendor having bank account in home country and home currency

Hi
We have company code in India. Payment method C is configured. Now we have a requirement that we have to make a payment to a vendor in Bangladesh who is having Bank account in India in INR. Already I have ticked the foreign payments as shown below
Now when we have to make a payment to bangladeshi Vendor , I am unable to generate any payment.
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> Payment method selection additional log
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> Payment method "C" is being checked
> Street or P.O. box entry is missing
> No permitted payment method exists
Information re. vendor 9021121 / paying company code 1021 ...
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Step 003 started (program RFFOEDI1, variant &0000000000398,
Program RFFOEDI1: No records selected
Step 004 started (program RFFOUS_C, variant &0000000000784,
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Hi Raj,
Please check the following things once.
1. Check the vendor pyt method in XK03. Vendor should not be blocked at any level.
2. Also check - FBZP - Pyt methods under country level - what are the mandatory parameters ? - Street, P.O. BOX or box pst code or bank acc.no, swift code, IBAN No.- check those parameters are maintained or not? If no, pls maintain the same.
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Thanks & Regards,
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Resolved at our end by tweaking the splitting rule to match the Business requirement.

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