Exchange difference - bank clearing

Hi All
while doing bank clearing in F-03.
the transaction is in CAD and clearing is happening in USD
it is asking the currency amount to be cleared
please suggest me where to make the changes

Hi
Select the CAD currency to clear the same as base currency is CAD and I assume that both the line items of CAD + and - are of same amount . If it is so it will clear the documnet however if there is difference in USD it will post the difference to foreign exchange difference account.
Regds
Rajiv

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Exchange rate differences for GL Account Bank clearing

Dear Experts
when I run revaluation with exchange rate differences for Gl account bank clearing, why incoming payment transaction do not include in the calculation ? because of this, the balance have the wrong value
really appreciate your help
Best regards
JeiMing

Hello JeiMing,
Please reference to the following Note at link https://service.sap.com/sap/support/notes/1041007 for a detailed explaination on this Exchange Rate difference issue.
Hope this is helpful.
Regards,
Xu Zhang
SAP Business One Forums Team

Foreign Exchange Differences

How do we account for when the exchange rate changes between PO and invoice?
I have posted an A/P invoice on to our system for $1,000,000 on 31 October 2007 when $1 = £2.00
I have now paid the invoice so $1,000,000, but the exchange rate is $1 = £2.10
2 questions - How do I match the payment against the invoice?
Granted the $ is zero, but the Business Partner shows a £ balance of (($1,000,000 / 2) ($1,000,000 / 2.10)) = £23,809 difference in exchange rates. So how do I account for the exchange rate difference to clear the account?
Many thanks

This is manual work. you could use exchange rate differences as a standard one. It is available in financial module. you execute on the date where you post the AP invoice. There is GL account for realized exchange rate gain and loss that must be set in the GL account determination.
The transaction journal will be resulted in after perform the exchange rate differences. I have performed this work and the result is okay. usually the company do this yearly or monthly if the exchange rate of currency is not highly fluctuations.
Rgds,

Realised exchange difference by internal order

When clearing an open AP item with a payment, the realised exchange rate difference is posted to the P+L against the relevant cost centre (From the purchase order). However, the assigment to the internal order (also contained in the Purchase order) is lost.
Is there a way to determine the account assignment of the realised exchange postings?
Note:
The internal order (AUFNR) is an optional entry field in our exchange difference accounts.
The Realised exchange differences pick up the correct c ost centre from the invoice but not the Internal order
Thanks!

We once had a similar requirement - the only difference is that we wanted the exch. rate diff. to go to the WBS element (which is on the PO). All we did was to add WBS element as a document splitting characteristic in the following node in SPRO.
Financial Accounting (New) -> General Ledger Accounting (New) -> Business Transactions -> Document Splitting -> Define Document Splitting Characteristics for Controlling
And it worked!!!
You can add Order (AUFNR) and see if it serves your requirement.
Good luck!

Reversal of unrealized exchange difference

Dear Experts,
I need your advise on the following issue.
At our company we revaluate both bank accounts and open items in foreign currencies at each month end. At the beginning of the next month, unreal.exchange differences for open items are reversed but differences for bank accounts are not. Accordingly, we have permanent balance in P&L account for unrealized exch. rate gains and loses.
I would like to know if there any unirom approach to dealing with this issue. Do you have to reverse gains/loses for bank accounts each month or leave it as it is and make one journal entry to reverse accumulated gains/losses if/when particular bank account is closed, e.g. foreign currency balance is 0?
Thank You,

Hi Srinivas
Thank you for input.
Yes, we are not making any reversal for bank accounts, but are reversing gains/loses for open items such as accounts payable/recievable. Is this the case with other SAP users?
The issues is that P&L account has accumulated unrealized difference due to non reversal for bank accounts. Do we need to post accumulated balance to realized gain/loss when bank account is closed (zero balance in foregn currency)?
Best regards,

Exchange Difference posting through MM

Dear Experts,
We Procure Assets through Material Managment . we have created interim asset class in FI and attach Asset number in PO while creating PO.
Now scenario is that we procured/imported Asset through PO and created PO in Foregin Curreny on 01-06-2011. we did GRN of the Asset on 16-08-2011 and MIRO on 24/08/2011. FOregin Exchange on all these dates were as follow
01-06-2011 106 PKR
16-08-2011 116 PKR
24-08-2011 119 PKR
now due to difference in exchange rate at the time of MIGO and MIRO system automatically charge Exchange rate difference to Asset at the time of MIRO. While our financial experts argue that according to IAS21 exchange rate difference should be expensed out
we have assigned exchange rate difference(expense) already in OBYC
Requirement
isi t SAP standard functionality to charge exchange diiference to Asset at the time of MIRO.
and can we expense out exchange rate difference at the time of MIRO and where configurational changes should be made
please also note that as payment invoice is cleared exchange rate difference is booked in exchange difference a/c which is accurate
BR
sajida

Hello Sajida, Did you resolve this?
There are a few things that you could do:
1. Tweak the way that Exchange rates occur between MIGO and MIRO, that you can do it at SPRO > Materials Management > Logistics Invoice Verification > Incoming Invoice > Configure How Exchange Rate Differences Are Treated
In there you have the following options:
If you do not select a value: Exchange rate differences between goods receipt and invoice receipt
The system calculates the exchange rate differences from the difference between the exchange rate at the time of the goods receipt and the exchange rate at the time of the invoice receipt.
Choose the value X: Exchange rate differences between invoice receipt and assumed exchange rate
The system calculates the exchange rate differences from the difference between the exchange rate at the time of the invoice receipt and an assumed exchange rate. The assumed exchange rate can, for example, be valid for a whole year or a part of a year.
Choose the value N: No exchange rate differences, only price differences
No exchange rate differences will be calculated. Instead, differences from exchange rate variations will be considered as price differences and posted to a price difference account.
Since you are working with assets, all price differences move to the asset, therefore it may not help you, but nonetheless you should try it out.
2. Modify the Account Assignment Category "A" (Asset) so that the Goods receipt becomes nonvaluated, with this, there won't be any change between MIGO and MIRO since there won't be any financial document on Goods Receipt. This solution is implemented is most of our clients.
3. Creating or modifying the purchase order (before Goods Receipt) you can check the Indicator Exch.Rate Fixed in the Delivery/invoice tab at PO. with this indicator on, all documents posted to this purchase order will have the exchange rate shown in the same tab at the Purchase Order (ME22N), you can change this exchange rate also with the number that you need for MIGO and MIRO, no price differences will occur between MIGO and MIRO, but price differences for payment will occur has a standard.
Best regards,
Arturo Flórez
MQA Colombia

Difference between cleared items,open items and all postings (FI).

Hi experts,
Can anybody tell me the difference between cleared items,open items and all postings for an account.
While running corresponding bapis and transaction FAGLL03 (for GL) or FBL1N (for accounts payable) i found that in some cases all postings is less than cleared items or open items for a time period. How could it happen.According to my knowledge all postings should contain cleared items and open items.
Please correct me..
Thanks and Regards
Arjun

Hi Arjun,
For every Billing Documnet created(VBRK/VBRP-VBELN) there will be an accounting document created in BSID/BSAD tables.
OPEN ITEMS means the Billed/Invoice Amounts that are pending from Customers, i.e which we have to receive from Customers.
CLOSED ITEMS means the AMOUNTS received from that customer.
OPEN ITEMS : fetch data from BSID table Only
CLOSED ITEMS : fetch data from BSAD only.
ALL POSTINGS : fetch data from both BSID and BSAD.
Hope this will help.
Regards,
Nitin.

Bank Clearing Account - Open Item Clearing

Dear Friends,
We have maintained the configuration for importing the electronic bank statement and we have tested and found that the entries are getting posted in the Bank Clearing Account. However, we have encountered a major issue, when we perform the automatic payment run, the value date gets updated in the Assignment Feild, whereas the users want this to be updated with the combination of "Document No. + Value Date".
Secondly, when we import the bank statement, in the multicash format, the posted entries in the Bank Clearing Account have the "Document Header Text" field updated in the Assignment Field coloumn, thus making it difficult to do automatic clearing of open items. In these entries also it is desired that the combination of Document No. relating to the item paid thru payment run plus the Value Date should get update so that the open items in debit and credit can be matched and cleared off automatically.
Your help would be highly appreciated in achiveing these objectives.
Regards

Thanks Murali. Another help needed is how can we change the values in Assignment Feild, which is now getting picked up from the Document Header Text? We need the original Docuemnt No. + Value Date to get populated in the Assignemnt Field in the entries posted while importing the electronic bank statement.
Would appreciate your help.
Regards

Bank clearing issue!!

Hi All,
We've a clearing account (1620048) used when we pay to vendors. ASSC creates a payment. We approve and ASSC book the payments
against the open items on the vendor account and into the clearing account.
We need to somehow make a posting from the clearing account 1620048 into the bank account 1620040.
How do we do this.
There are line items from september 2006 up to now.
Please help!! Thanks a lot in advance!!

This is what bank reconcilation process.
1. if you are doing bank recoancialtion with T-code FF67 , after puting he bank statement in system, system will take care to clear the bank clearing accounts.
2. if you are not uploading the bank statement by t-code FF67, then manually you have to clear the clearing account at the time of bank reco say at the end of month, by debiting the bank payment clearing account and debiting the main bank account. Same procedure but vise varsa for incoming payments.
Regards
parag

New functionality in ECC 6.0 for auto clearing of bank clearing account.

Is there any new functionality in ECC 6.0 for auto clearing of bank clearing account.
Regards,
Kishore

Hi,
There no new functionality in ECC 6.0 for auto clearing of bank clearing account. Still you need to depend on Manual / Electronic bank statement to clear them.
Thanks
Prasada

Can we directly debit into bank a/c without bank clearing account?

Hi expert,
Can we directly debit into bank a/c without go through the bank clearing account?
What is the effect bring to if ignore bank clearing account?
This is because want to reduce more step in deposit the cheque. Is that any body can help? Thank..
From :
Eric Tan

You can directly debit into the bank account. At the Payment Means, in the Checks tab you have the field for the G/L Account. By default you have the clearing acc., but you can change it to the one for the Bank Account.
If you deposit each check individually into the Bank Acc., but in practice you have a Deposit with several checks, once you have the Bank Statement you will have to match each Deposit with several deposits in B1. A little annoying.

G/L Account for Bank Clearing Account

Hi:
Quick question: when we post TBB1, Treasury creates payment requests (table PAYRQ) with entries in field BKHBK, data element PRQ_BKHBK. This field is normally empty and F111 should pickup corresponding GL account from T042Y (FBZP: Bank Determination). But in our case, because Treasury passes this account during TBB1, it's being picked up and conflicting with T042Y.
So my question is: how do I deactivate Treasury to not pass this account to payment request? Or how do I change it's value within treasury so it would match with Bank Determination value?
This field in PAYRQ is called G/L Account for Bank Clearing Account.
Thanks,
JS

Yes, it does not post to GL but it does identify Bank Clearing GL account when it's posted which is recorded at BKHBK field of PAYRQ. F111 gets 'confused' and throws error message when this value does not match with corresponding entry in T042Y. How to deactivate it?
Other way of solving this problem would be if I can identify separate Gl account for incoming and outgoing payments bank clearing account. I know it's defined in Account Determination (table TRACV_ACCSYMBREP). It's Account Symbol 3 (Bank Clearing). There we have masked GL account as "++++3". This account is used for clearing of incoming payments. And for outgoing payments we use "++++5"
Thanks,
JS
Edited by: JSmithYahiya on Jan 19, 2012 5:46 PM

Default Profit Center to Bank Clearing Account

Hi All,
Currently, our company is one company code to one bank account and one bank account use by different profit centers ( Bussines Units) . Our reporting ( Balance Sheet / Profit & Loss ) is by Profit Center Level.
1. Default Profit Center to Bank Clearing Account.
- we cannot create cashflow report by profit center, because bank clearing account is default by profit center.
2. Not default Profit Center to Bank Clearing Account
- We got Profit Center 9999 / P9999 issues on Bank Clearing Account.
Should we default Profit Center on Bank Clearing Account ?
Thank You
Alex Lee

Hi Alex,
If you are using 4.7 or ECC 5.0 then you needs to maintain Default profit Center for Balance Sheet G/Lu2019s through T. code 3KEH and 3KEI, else if you are working with ECC 6.0 then you need to maintain default profit center for Balance Sheet G/Lu2019s through T. code FAGL3KEH and for Profit and loss related G/Lu2019s / Cost elements profit centers derivation rule can be maintained through T. code OKB9 accordingly.

Impact of not having bank clearing account?

My client doesn't want to use bank clearing account and wants to directly cr or dr the main bank account whenever a payment is received or made. Could you guys tell me what will be the impact of this, as I see reconciliation might be an issue.

Avinya,
The best solution is to seperate the AP and AR process. The reason i am mentioning this is for better reconciliation process.
According to that, you would have an account 1 for AR i.e deposits(including Wire Ins) and then accounts 2(Wire Outs) and 3 for Check outs.
It's better ( recommended) to have a clearing acct while making payments, so that you have an idea of how much is the outstanding balance. If not, the whole of reconciliation process gets a little complicated - The outstanding balance can still be found out, but as i said, lot of calculations need to be done.
Hope that helps..
Thanks,
Nandita

Auto posting of bank clearing account in FF67

Hi,
I am trying to complete the manual bank statement however during posting of differenty transaction type it does not post to desired bank clearing account.
Where does this bank clearing account set-up for automatic determination when a certain house bank and transaction type is used.
Hope anyone will reply.
Thanks.
Marivic

hi,
actually the main bank account was entered in the house bank. The following were defined also such as:
1. transaction type with posting rule assignment
2. Posting key and posting rule
However during the transaction of FF67 the bank clearing account is not the one derived during posting.
So where is the lacking configuration that I need to do.
Hope a reply.
Thanks.
Marivic

Exchange difference - bank clearing

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