Down Payment exchange rate

Hi,
I had a clarification with respect to the accounting entries for down payment. I posted a down payment request [in EUR currency] using F-47 in March and the payment of this was made in April. I noticed that SAP has posted certain amount to the exchange rate difference account in the payment entry. [Since our company maintains books in USD, there is a corrposponding entry in USD as well. Hence this exchange rate diff is btw EUR and USD].
The question i have is, should this exchange rate difference be booked at all? The down payment ''request'' is a statistical entry and does not have an accounting impact. Hence ''down payment'' is the first time i am making an entry which reflects in the books. So should there be any "exchange rate difference"??
Thanks for clarifying.
Regards,
Hemansu

Hi,
You do down payment clearing and simulate it. You can see the entries proposed by system
If any difference in balance when you clear the account you can charge off the difference to GL accounts
Sunoj
Edited by: Sunoj Joseph on Apr 19, 2008 11:39 AM

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how to find the Exchange Rate Fluctuation at the time of payment.
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Hi
1.Budget upload to WBS (INR)
2.PO creation (USD) - Budget gets comitted from available budget
At this point of time there will be only commitment on your WBS element.
3.GRN - Committed budget increases (due to fluctuation)
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4.Invoice(USD) - Committed budget again increases (due to fluctuation)
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Outgoing payment post different LC amount for same exchange rate as AP INV

Hi All,
I have this entry in my out going payments linked to a AP down payment that I cannot explain. This is a foreign currency transaction
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as a result LC amount is different and its created an exchange gain/loss entry. Any idea why this happen?
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on payment means screen all transactions in USD and payment is NOT on account.
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Hi Smith
Check the below link it may useful to you
http://help.sap.com/saphelp_sbo900/helpdata/en/45/1149f129fc4805e10000000a1553f6/content.htm
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Hello,
The currency of our Mexico company code is peso. Sometimes, they enter invoices with a document currency of US dollar. The invoice will pick up the exchange rate applicable on the posting date of the invoice. So far, so good.
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Hi James,
I created a Invoice with a Foreign currency and the exchange rate is 1.50. When I goto the Incoming Payment to pay the Invoice the document appears with the foreign currency and the exchange rate as at that date is displayed.
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SAP Business One Forum Team

Payment program and exchange rate

Hey Gurus,
When i run the payment program to pay my foreign vendor in foreign currency the system does not calculate the exchange difference at the point of the payment program.
Example.
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Please
Thank you

Thank you for your quick response!!
What if i don't know the banks rate at the time of the payment program, which is what the case is going to be.
I guess my question is does the payment program calculate the exchange gain or loss when clearing the invoice , if so what settings make it do that?
And once the clearing is done and i receive the bank statement the two amount would be different due to the different exchange rates, how do i make the bank statement reconcile the two and post and exchange gain or loss.
Please help this is urgent.
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Exchange rate calculation in case of partial payment.

Dear All,
I have a case in which I need to calculate Exchange rate fluctuation on partial payment.
Example
Exchange Rate
01.04.2011   1USD = 40 INR
10.04.2011   1USD = 45 INR
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Thanks Atif.
It mean that we have to show excess loss in our report, which is not actual.
SAP might be having some solution on this Issue as we cant show wrong B/S.
This is not a correct practice , hope you agree with me.
bittu

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There is a exchange rate problem while clearing Purchase Order. In Freight condition P/o is Total amount in $ is 819.77 while theexchange rate is Rs/$= 86 which is ok at vendor invoice level .
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Hi,
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Is it possible to reissue the payment,with the different exchange rate?? the reissue list box is disabled in payments screen?
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Payment Program and Spot Exchange Rate Type

Hi Everyone,
When performing wire transfers in foreign currency, my company wants to be able to have the payment program, F110, be able to convert the payment to the vendor based on the bank's spot rate at that moment in time. I found that we can use exchange rate type "G", update the rate within OB08 prior to running F110, input the exchange rate type "G" within the Parameter section within "Exchange rate type" and process the payment program as normal.
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Edited by: Peter Zaborowski on Sep 26, 2008 2:35 PM

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Not possible in F110.
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Shanu

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Thanks for the reply, I have maintained the Exchange rate type in table TCURV & Table TCURR with exchange rate as blank vlaue since I want the same to be picked up as fixed which is maintained in PO.
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Exchange Rate Gain/Loss of Incoming Payment

We are using the SAP BO 2005 A. The system could not post the exchange rate gain/loss transactions correctly. Explain the problem faced in below.
The local currency is in Euro.
The BP currency is in USD.
The invoice is created in USD 1000 with,say, exchange rate 0.64.
The incoming payment is received in USD with, say, excgange rate 0.66.
If the incoming payment is received in USD 1000, then, the system will post the transaction with excgange rate gain in local currency correctly as below:
Dr. Cash 660
Cr A/R 640
Cr Exchange Gain 20
But if the incoming payment is first received partially, say USD 500. Then, the system will not calculate any exchange gain. The transaction will be like:
Dr. Cash 330
Cr. A/R 330
In the next(i.e. the final) USD500 incoming payment receipt, the system also will not post any exchange rate gain. The 2nd transaction will be still like:
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Cr. A/R 330
Could this a bug in the 2005 A?
Could this bug be solved by any patch of 2005A or in 2007A?
Is there any work around solution for this?
Thank you all in advance.
Jack Lin

Hi Jack,
enabling partial reconciliation is one of the major enhancements in version 2007 A & B. It works in all localisations.
You will find a lot of info on the 2007 landing page here:
Channel Partner Portal -> Solutions -> SAP Business One -> Hot Topics -> 2007 Landing Page
On that landing page you will find:
"New Single Reconciliation Engine
A single engine reconciles the difference and eliminates the previous reconciliation issue. More "
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Exchange Rate derived from OB08 while making payments

Dear Team,
We have posted a document with exchange rate 1Euro = 70 Inr manually, but when i post a payment transaction for the same in INR the exchange rate for the same line item is derived based on the rate maintained in OB08 for EURX Exchange Rate which gives us a wrong value while making a payment, suppose if rate is 72 INR then 2INR stands as open item in my Vendor balance (Difference).
So Kindly advice how do i rectify the same so that the rate does not get derived from OB08.
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Rahul

Hi,
first reverse your entry.
I hope your vendor invoice is posted in EUR and posted payment with INR currency. (with Loc Curr)
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SRKIM: Payment Maturity Account 시 exchange rate 이 없어 error 발생

PURPOSE
Payment Maturity Event Accounting 시의 문제점을 해결한다.
Problem Description
Foreign Currency 로 발생한 Payment Maturity Event 에 대해 Accounting 시도 시 Exchange Rate 정보가 없어 error 가 발생하였다.
Cannot Account for maturity of <Payment document detalis> because the maturity is in a foreign currency and no exchange rate has been prov ided AE Line Accounted Status = CANNOT ACCOUNT FOR THIS EVENT
Workaround
N/A
Solution Description
다음과 같이 관련 정보를 update 후 다시 Accounting 을 시도 해야 한다.
Data fix Scripts:
update ap_checks_all
set MATURITY_EXCHANGE_RATE = &Maturity_Exchange_Rate
where CHECK_ID = &Check_id;
update ap_payment_history_all
set TRX_BASE_AMOUNT = &TRX_BASE_AMOUNT
PMT_TO_BASE_XRATE = &PMT_TO_BASE_XRATE
where payment_history_id = &payment_history_id;
update ap_accounting_events_all
set CANNOT_ACCOUNT_FLAG = NULL
where accounting_event_id = &Maturity_Accounting_Event_Id;
commit;
Reference Documents
Note 302220.1 Cannot Account for Payment Maturity Because The Maturity Is
In a Foreign Currency And No Exchange Rate Has Been Provided

Down Payment exchange rate

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