Exchange rate gain or loss in Payment proposal
Hi,
Is there a way where we can show the amount of exchange rate gain or loss realized on the detailed screen of the payment proposal..
Thanks,
Not possible in F110.
You can check unrealized differences if you want to in FAGL_FC_VAL
Realized arises only at the time of documents clearing.
Rgds
Murali. N
Similar Messages
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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:
Dr. Cash 330
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 LinHi 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 "
-> Click on 'More' & be redirected to the reconciliation landing page.
All the best,
Kerstin -
Exchange rate gain /loss is not posted in the contract
Hi Sap People,
Exchange rate gain /loss is not posted in the contract(cashflows). This is w.r.t SAP Banking Module.
The open items are posted with a certain exchange rate in the contract at the time of disburesment,while clearing thru FF68(incoming payment) with a new exchange rate the items
are cleared with the same exchange rate and the Exchange gain/loss is posted as zero.
Regards
RaviHi,
Check the exchange rate type for the disbursement. It is M for FF68. Check in configuration the exchange rate type. Also check the exchange rates maintained in OB08 for this exchange rate type and confirm if there is any difference.
Is it Loans module?
Regards,
Ravishankar -
Exchange rate gain/loss during F-28
Hi
we have following secnario:-
1. company code A with local currency AED and group currency USD
2. company code B with local currency USD and group currency USD
now invoice posted in both comapnies and accordingly payment received as follows:-
1. Company code A (local currency is AEd) - invoice posted in local currency but payment received in USD
2. comapny code B (local currency is USD) - invoice posted in local currency but payment received in AED
system behaviour:-
1. comapny code A for which local currency is AED but payment received in USD - system post exchange rate gain/ loss
2. company code B for which local currency is USD but payment received in AED - system doesn't post exchang
I am not able to understand this behaviour as system configuration is same (as COA is same for both company) for both company and accordingly rate is maintained in OB08.
please share your viewpoint on this.
Regards
DDHi Kiron
Thanks for response and link.
But the information given in the link is not my case. in my case system dertermine the correct GL but the problem is its happening in one company code but not in other.
for both company code setting is same for OBY6, OBXL and tolerence limit.
Please revert
Regards
DD -
Settings for exchange rate gain/loss
In our config, for exchange rate gain /loss between ex rate in bill of lading and ex rate of actual payment , system passes two entries at the time of clearing advance and invoice in f-44. One entry is for gain and other for loss , net effect of the entries is either gain or loss . We wish to change the settings so that syatem shall pass only one entry be it gain or loss. How to achieve this??
Dear,
in my opinion the issue You're facing is due to the split activation for exchange rate.
Usually due to different account assignment in open item, the exchange
rate difference items are split. Check the table V_FAGL_SPLIT_FL2.
I hope this helps.
Mauri -
Additional line item for Exchange rate gain / loss
HI,
We ahve three currency as Main currency (INR), group currency (INR) and Hard currency (USD).
When we pay to vendor or received from customer, system generate additional line item for Exchange rate gain / loss with Rs. Zero . But transaction is in INR. But it has value in USD as USD 0.01.
Please suggest.
Regards,
HarshalHi,
I got your point.
Its a standard behaviour as part of parerral valuation with addtional local currency.
Please make sure that the below are set in your system.
1) in OB22, for your company code, for the HARD CURRENCY--The source curr must be Translation taking first local currency as a basis
2) For every foriegn currency you use, you maintain the exch rates in OB08 with Foriegn Currency 2 Local Currency combination always. And at the same time make sure that there is no opposite combination rates for the same.
(Like 1 USD = 50 INR...1 GBP = 80 INR....1 EUR = 60 INR only)
These may avoid most of the cases where 0.00 LC value lines during clearing.
Regards
Srinu -
Exchange rate gains/loss and cash discounts vs document splitting
Dear all,
I am facing the following problem. My customer wants to do the following:
-Realized and unrealized exchange rate differences regarding accounts receivable has to be booked on the same profit center that the invoices was book on when they were created.
-Realized and unrealized exchange rate differences regarding accounts payable has to be booked on the same profit center that the GR/IR account (offseting entry for accounts payable when receiving material vendor invoice)
-Cash dicounts granted must be booked on the same profit center that the GR/IR-account (when registering the invoice) when doing the payment of vendor invoices in f110.
Could this be received through document splitting? Anyone that knows what settings I have to do?
Best Regards, ÅsaHi
As for your query...When realized loss/gain in that double click on line item you can update profit center.
Same for cash discount granted.
if you ask for document splitting assign Extended document spliting scenario.
it only work for profit center spliting.
clear
Regards
prakash -
Dear Experts,
I am stuck in a very serious problem
In import purchase Order for raw material we have configured a condition for import duty.
Now in current scenario the import duty has been invoiced before goods receipt there is a minor difference in amount invoiced and amount entered in purchase order.When the receipt is posted for this purchase order an abnormally high amount is posted into exchange rate difference account which is charged to material.
This makes the moving price of material very high.
The currency for purchase order is Dollars. We have maintained a conversion in FI table and purchase order as well.
Please suggest as to what is causing this abnormally high amount to be posted in exchange rate difference account.
Regards,
SohaibIt is a condition defined in Purchasing all the as Import Duty and calculation type is Fixed Amount.
This condition is used in import purchase order (PO currency USD). The invoice for this condition is posted in local currency which is PKR.
When Goods Receipt (105) is posted for this purchase order system doesnot convert the amount invoiced into equivalent PKR according to exchage rate specified in OB08. All amount in PKR is taken into USD with exchange rate equivalent to 1 and gain loss from this conversion is charged to material. e.g 314079 PKR is posted as 314079 USD and Gain/Loss which amounts to 27 million is charged to material. This makes MAP of material equivalent to 20000 PKR rather than 4000 PKR. -
Exchange Rate Difference generated when process payment w/ withholding tax
I post a foreign currency vendor invoice w/ withholding tax posting
that is related to the expense transaction. We have assigned a
withholding tax type '01' for invoice posting (that means the
withholding tax calculated during invoice posting). And this
withholding tax amount is calculated using special exchange rate
announced by Bank of Thailand (BOT). And this posting is fine. e.g. Dr
Expense Cr Vendor Cr Withholding tax.. The withholding tax amount is
calculated based on BOT rate, Expense posting is based on M rate and
the AP posting is equal to Expense Posting minus withholding tax
posting..
Assume BOT Rate is 3:1 and M rate is 2:1
FC LC
Dr Expense 100 200
Cr Vendor 85 155
Cr WH Tax 15 45
When I process outgoing payment with foreign currency for this invoice,
system always take M rate (or I use special document type to force the
system use BOT rate), but either these two results will make the
posting imbalance in Local currency, then make posting to exchange
gain/loss..
How can this problem solved? Any configuration control? Or what we only
can do is to input the LC amount during payment posting..
Please advice.
AngusPlease check table V_T7XSSPERSUBTYP, where in the subtypes for specific countries / cities need to be maintained for different infotypes. In this case check for IT0210.
If helps, pl do reward. -
Profit & Loss based on Exchange Rate
Dear All,
Please help me in one of my client's scenario as mentioned below:
1. I create an Invoice in USD (Foreign Currency). //Exchange Rate at the time of Invoice was .90
2. I purchase USD from AUD (Local Currency) by passing a journal Entry.
3. Now I make a outgoing Payment using this invoice in Step 1. //Exchange Rate at the time of Payment is .96
I would like to know the effective process to map into SAP B1.
Question A: My Client doesn't want to change the exchange rate at the time of outgoing payment. He wants that the exchange rate at the time of payment should be as it was while making the invoice.
Question B: He wants to calculate the profit & Loss of Exchange rate at the time of purchasing USD From AUD.
Please help me to map this process in SAP B1. Any kind of help would be appreciated.
Regards
Pankaj JhaHi Pankaj,
For mapping above Process in SAP B1, Please follow below steps.
1. Create one Ledger for Purchase Foreign Currency eg. Forex Purchase Ledger and make this Ledger as All Currency
2. When ever you want to Purchase Foreign Currency then Pass Journal Entry to this Clearing Ledger eg. Local Currency Ledger Credit
Forex Purchase Ledger Debit
Now after doing this Pass another Journal Entry
Forex Purchase Ledger Credit
Foreign Currency Ledger Debit
3. After following above Two Steps you can do Outgoing Payment for Foreign Purchase Invoice.
Answer A:- No, Exchange Rate will not be same as Invoice. Exchange Rate is based on Daily Basis. If any change in Exchange of Outgoing Payment Document Posting Date then System will automatically hit Exchange Rate Gain or Loss Account.
Answer B:- If i am not wrong then you can not see Profit and Loss based on Exchange Rate.For work around Check below on Profit and Loss Based on Exchange rate Purchase.
Please create one Project for Purchasing Foreign Currency and Select this Project every time when ever you are Purchasing Foreign Currency.Then you can see Profit and Loss by Project.
Hope this help
Regards::::
Atul Chakraborty -
GR/IR Exchange Rate Difference behavior
Dear guru,
I would like to know for the case of Invoice Receipt (IR) before goods receipt (GR) in different month with different exchange rate.
For example:
AUD is the local currency
PO# 1230000001, PO currency EUR, Material A, Unit Price 1EUR each, total quantity 100, without GST.
Invoice receipt (IR) @ 01-Dec-2008, with rate 1.95330 From EUR to AUD.
TCode MIRO
Dr GR/IR 100 EUR, 195.33 AUD
Cr Vendor 100 EUR, 195.33 AUD
Now, we do goods receipt (GR) @ 01-Jan-2009, with rate 2.02740 from EUR to AUD.
TCode MIGO
What should be the proper behavior?
I tried that myself in the system, and found 3 different behaviors.
Behavior A (Both Foreign Curr & Local Curr Amt is the same as IR amt, and a pair of Price Difference Posting)
Cr GR/IR 100 EUR, 195.33 AUD
Dr Inventory 100 EUR, 195.33 AUD
Dr Exchg Rate Diff 0 EUR, 7.41 AUD
Cr Material Variance 0 EUR, 7.41 AUD
Behavior B (Foreign Currency Amount is the same as IR amount)
Cr GR/IR 100 EUR, 202.74 AUD
Dr Inventory 100 EUR, 202.74 AUD
Behavior C (Local Currency Amount is the same as IR amount)
Cr GR/IR 96.35 EUR, 195.33 AUD
Dr Inventory 96.35 EUR, 195.33 AUD
I would like to know where in the system configuration or master setup control the above behavior?
Thanks in advance!
Best regards,
ChrisHi:
Please check account assignments in OBA1..KDF ,,See if GRIR clearing accounts have been maintained there or not. If not then they should be maintained there . Further double click after maintaining account there and there you will have to assign GL account for exchange rate gain and loss . Also check in OBYC the assignment of GRIR clearing account,
Regards -
Dear SAP experts,
my client is facing with one problem . one service PO is there in other than company code currency that is in (EURO), Tthy have posted service entry sheet on jan 12th 2010 that exchange rate is 1 euro = 35.5 QAR (Qatra real) and they are posting Invoice on to day exchange rate is 1 euro = 36.5 QAR (Qatra real) there is a difference of 1 qar . in matrieal case if stock is there the difference will go to stock account other wise it will it the exchange rate gain or loss account as per KDM in OBYC settings. my case is service there is no stock concept , so it should go to exchange rate gain or loss account . we have maintaind the account assignment in OBYC for the prticular service valuation class and valuation grouping code in chart of acount level . but still system is giving error massage maintain account KDM account assignment in chartof account level.
Can any one helpme to reslove the issueHi,
I dont remember the exact TCode, but there is an option to either charge RXD to some particular RXD Account, defined in KDM OR it will be charged to Expense Account, that was used in PO/FWO. Please check in SPRO->MM Settings. I'll try to post exact configuration within 24hrs.
BR -
GR / IR exchange rate difference hitting Asset account
There is exchange rate difference during GR and IR , While posting invoice this exchange rate difference getting posted to Asset , which should not happen , Should get posted to Exchange rate Gain /loss account
Please help me how to resolve this issue .Hi:
Please check account assignments in OBA1..KDF ,,See if GRIR clearing accounts have been maintained there or not. If not then they should be maintained there . Further double click after maintaining account there and there you will have to assign GL account for exchange rate gain and loss . Also check in OBYC the assignment of GRIR clearing account,
Regards -
Payment wizard - copy exchange rate from invoice
Dear Experts,
I'm facing a functional issue with the payment wizard.
my customer runs some (import) purchasing processes with fixed exchange rate from purchase order to outgoing payments.
As a result, he does not want to get any posting for exchange rate difference in the outgoing payments.
Generating the outgoing payment with the payment wizard, SBO uses the exchange rate of the day.
Is there a way to copy the exchange rate from the A/P invoice, or at least to change it somehow ?
the use of the outgoing payment transaction for manual payment enables to change the exchange rate.
But my customer needs to use the payment wizard in order to be able to generate the bank files.
Do you have any suggestion ?
waiting for your feedback
RegisHi Regis,
if you have agreed a price in the foreign currency your BP deals with, why not use this currency in the document flow? The amounts for your BP wwill remain the same throughout the transaction.
It doesn't really make sense not to capture exchange rate differences for your own books. If, for example you are using Euros & provided a very high value US Dollar quotation some months ago, the exhange rate difference between now & then would be significant. Therefore the automatic FX postings reflect the gain/loss your company makes according to market conditions.
All the best,
Kerstin -
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,
HemansuHi,
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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