Exchange rate and GST round off differences

Hi,
When we create a invoice with tax then some times the vendor invoice tax amt may differ from the tax amt calculated by our system. This may be due to the rounding differences. So how to handle these kind of payments?
Can any one pls explain me the procedure for handling the exchange rate differences.
Thanks,
Sravanthi.

Dear Sravanthi,
The difference is not because of the rounding off. Rounding off differnce come only till nearest rupee. And that is acceptable. But in your case I think the difference is coz of the exchange rate maintained in the system. If you maintain the exchange at which the vendor invoice is preapared then i think ur problem may get resolved.
Also execute F.05 - Valuation of open items in foreign currency, before you run the payment transaction.
Hope this will help you.
Regards,
Ajay

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Rounding off differences for vendor payment in T Code F-53 is giving the following error when I want to post.
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Message no. GLT2001
Diagnosis
The online document splitting is active in your system. Here, each document is assigned to a accounting transaction variant and each document row to an item category.
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Hello All,
we have a problem concerning our account determination for differences in exchange rate and valuation. When clearing open vendor items in foreign currency, a percentage of the difference goes to our exchange rate difference account (correct), but the other part of our difference goes to the account we have configured for valuation (incorrect).
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Asha,
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If it's manual through F-44, then i would say the accounts you are mentioning during clearing are wrong.
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Thanks,
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Exchange Queries

Clearing of invoice with rounding off difference

Hi
I am trying to clear invoice via Tcode F-53. The invoice is booked with tax code (V1 : ED + VAT) for the amount of 1022.08.
When i process the payment for 1023. I have made necessary configuration to post the difference to sundry balance w/off account.
When i simulate the payment, below entry is appearing.
001 50       0000116442 SYD.BANK-8581 Out           1,023.00-
002 40       0000601900 Sun Debit Bal. W/of             0.80           0.12 V1
003 25       0000050008 Test - BOE                  1,022.08
004 40       0000201520 Cenvat Clearing A/c             0.08                 V1
005 40       0000112004 VAT Recble- Mah                 0.04                 V1
Please advise.
Kind Regards,
Mehul

Hi
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Assign me points if it serves your purpose

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Exchange rate and GST round off differences

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