Exchange Rate Issue ( Ditect & Indirect Quotation )

Dear,
Alll Experts.
I am stuck up at one level , that is Exchange Rate issue.
User is creating shopping cart in SRM, Local Currency is USD and the goods is ordering from Canada ( CAD ).
While doing this amount is getting calculated   in - ( Negative ), And it is going to wrong approval for shopping cart approval.
When I see the TCURR table I am seeing there as negative sign in exchange rate because it is maintained in Indirect Quotation.
I want to calculate the same amount in postive figure.
How this can be achieve? If I maintain the same in direct quotation it will calculate positive but final amount will be bigger which is not proper one.
Experts guidance will be helpful.
Regards,
Sharvari Joshi.

Hi,
I gave the OB08 entries, not sure if you wanted me to explain the logic. Here it is..
Maintain 'Indirect quotation' from Local currency(USD) to Transaction currency(CAD) and 'Direct quotation' from Transaction currency(CAD) to Local currency(USD).
Direct quotation is where the cost of one unit of foreign currency is given in units of local currency, whereas indirect quotation is where the cost of one unit of local currency is given in units of foreign currency.
Your local currency is USD:
- Direct exchange rate: 1CAD = 0.92819 USD
- Indirect exchange rate: 1USD = 1.08238 CAD
The following settings have been made in the standard system:
  - Direct quotation: ' '
-   Indirect quotation: ' / '
Direct exchange rates do not have a prefix.
Your local currency is USD. You enter a business transaction in the transaction currency CAD. Until now, you had to use direct quotation to enter the exchange rate (1CAD =0.92819 USD). If you have defined '/' as the prefix for indirect quotation, you can also enter the exchange rate with indirect quotation (1 USD = 1.08238 CAD) by entering '/1.08238' in the exchange rate field.
Direct or indirect quotation can be maintained as the standard form of quotation for a certain currency pair. You use:
         - '1' for direct quotation
         - '2' for indirect quotation
If a standard form of quotation has not been specified for a currency pair, the system automatically uses direct quotation.
You make the settings in the IMG: General Settings -- Currencies -- Set Standard for Direct/Indirect Quotation per Currency Pair.
Thanks
Ganesh

Similar Messages

  • Issue with indirect Quotation Exchange rates...

    Hi All,
    I am using FM 'POSTING_INTERFACE_CLEARING'  to clear the customer open items.
    While  posting with indirect quotation exchange rates i.e BKPF-KURSF is in negative.It is throwing below error
    "The Exchange rate may not be transferred if negative".
    When i check it in BKPF table the value is saved like exp: '/1.9010'.  for select query it is picking like '1.9010-'
    How to resolve this issue.? it is very urgent.
    Thanks in Adv.
    Regards,
    Raj.

    Hi,
    I gave the OB08 entries, not sure if you wanted me to explain the logic. Here it is..
    Maintain 'Indirect quotation' from Local currency(USD) to Transaction currency(CAD) and 'Direct quotation' from Transaction currency(CAD) to Local currency(USD).
    Direct quotation is where the cost of one unit of foreign currency is given in units of local currency, whereas indirect quotation is where the cost of one unit of local currency is given in units of foreign currency.
    Your local currency is USD:
    - Direct exchange rate: 1CAD = 0.92819 USD
    - Indirect exchange rate: 1USD = 1.08238 CAD
    The following settings have been made in the standard system:
      - Direct quotation: ' '
    -   Indirect quotation: ' / '
    Direct exchange rates do not have a prefix.
    Your local currency is USD. You enter a business transaction in the transaction currency CAD. Until now, you had to use direct quotation to enter the exchange rate (1CAD =0.92819 USD). If you have defined '/' as the prefix for indirect quotation, you can also enter the exchange rate with indirect quotation (1 USD = 1.08238 CAD) by entering '/1.08238' in the exchange rate field.
    Direct or indirect quotation can be maintained as the standard form of quotation for a certain currency pair. You use:
             - '1' for direct quotation
             - '2' for indirect quotation
    If a standard form of quotation has not been specified for a currency pair, the system automatically uses direct quotation.
    You make the settings in the IMG: General Settings -- Currencies -- Set Standard for Direct/Indirect Quotation per Currency Pair.
    Thanks
    Ganesh

  • Customer exchange rate issue

    Hello to everyone,
    we are facing an issue with customer exchange rate.
    We have a customer belong to a company which pay in EUR while this customer has USD as currency in MASTER DATA.
    in the quotation (tcode VA23) the price is not picked correctly and it seems the system does a convertion from USD to EUR.
    Since the billing is in USD and the invoices are in USD the system shouldn't do this convertion.
    Do you know how we can fix this issue?
    Thank You

    Why you want a alternative way ?
    Your company code currency is EUR and you are paying to the customer in USD. So system will calculate the amount with exchange rate.
    System will always calculate the amount as per company code currency. So system is taking the exchange rate calculation.
    It is the standard logic, how can system less / add the amount which bill or invoice has the different currency.
    If you do not want to do any calculation from exchange rate, then your all currencies has to be same.
    Anywhere if system will find a different currency, then system will always calculate the amount as per company code currency via exchange rate calculation.

  • Sales Order Created with reference to Contract - Exchange rate Issue

    When Sales Order created with reference to contract VBKD fields KURSK and KURSK_DAT gets copied from contract and not redetrmined based on pricing date and Exchange rate type. I expected it to be determined based on pricing date is standard. What I am missing, should it be controlled by data transfers
    If Document currency and condition currency are different it cause problems with incorrect condition values are calculated, as KOMP-KURSK are copied from VBKD-KURSK
    Any help or directions would be greatly appreciated . We are on 4.7 ISOIL
    Sincerely Julietta

    Well,
    and if we have the same issue, but we don't have OIL Version, but simple 4.6C, which solution has to be applied then?
    Thank you
    Standa

  • Transfer of Freight Conditions to Billing Document - exchange rate issue

    I am having an issue with my freight costs copy to customer billing document and the exchange
    rate causing the values to change. 
    Example - SCD freight = 400 USD, but vendor is being invoiced in BRL (807.44). 
    The freight is passed to customer billing document, which happens to have local document currency of
    EUR, but customer being invoiced in USD.  However the freight is going thru some kind of exchange rate conversion, causing my original 400 USD freight
    to show as 414.44 USD on the customer invoice.
    I am looking for way to keep the freight from changing between SCD + Customer Billing document.
    Regards
    Rita

    Can you share your screens from F-60 involving EUR to USD conversion?
    Also, try using transaction EWCT to test conversions between currencies,
    you can choose your two currencies that give you the issue, and test by
    entering the initial value, seeing the converted value.

  • Exchange rate issue during PO creation

    Dear Friends
    I am getting the below error whenever I am trying to create an Import PO
    Enter rate USD / INR rate type  for 28.10.2010 in the system settings
    Message no. SG105
    I have entered the rates in OB08 table-  for direct & Indiret exchange rates for M
    I also have cheched the OBBS and made entries for the date 28.10.2010
    But still I am getting the error
    How do I proceed
    Samuel
    Edited by: samuel mendis on Oct 28, 2010 1:07 PM

    Guys
    We have solved this issue. Even though we were getting the SG105 error, the real problem was some where else. 
    We have never used CIN in our our organisation as it is not applicable. The problem we did is to use the Import pricing procedure for our use which was copied from IN: Purchasing for Imported materials.
    Whenever we tried to create a Import PO it was validating the CVD entries which we make in the company code settings for Tax on Goods Movements. Once I maintained a dummy G/L account the error was gone.
    The problem is why it validated CVD during PO creation we never understood. Since in my opinion CVD capturing is done during Invoicing verification stage and not during PO stage. Either way we have already updated these details to the SAP Support bench.
    Thanks
    Samuel

  • Exchange rate issue at PO & Invoice area

    Hi Gurus,
    I have a scenario, Creation of PO time i'm getting EUR conversion rate 1.345 to an USD rather than to get 1.502. Prior to this i have checked the OB08 there my rate shows 1.502 for the particular period but by default it's pulling the conversion rate as 1.345 which wrong right now, if the user not know abt this conversion rate then it become an issue.
    How to restrict and get it correct rate, what could be the reason plz.
    Could any body through some light on this issue plz.
    Points are avail, thanks in advance.
    Rgds,
    Vyas

    Hi All,
    This was happend bcoz of alternative Ex. rate existing for "M" Ex. rate as "EURX".
    At Ex. rate table maintenance, I take out the 'EURX'  rate for 'M' than the problem was solved.. it's picking the 'M' Ex. rate promptly..
    You can see at query: M exchange rate is over riding by Eurx... in sdn.sap.com, it gives more understanding.
    Thanks for your valuable inputs..
    Vyas

  • Import Goods Reciept(MIGO) - Exchange rate issue

    Dear all,
    In import procurement cycle,we are creating purchase order(backdated) on goods receipt,
    maintained exchange rate(Currency EUR) based on exchange rate given by customs vendor in working sheet,
    capturing custom duties in required condition types in purchase order,Doing Customs MIRO based on Purchase order in
    currency INR,because duty is paid to customs through customs vendor in local currency,
    maintained exchange rate for EUR Currency in OB08 for current date with exchange rate type 'M',
    referring commercial invoice no.
    in migo,entering all other details quantity,batch,date of manufacturing,delivery note no,bill of lading no.,excise invoice no,
    excise date, excise duties were flowing fine except material base value which is calculated on 1 EUR = 44.17 INR,
    But actual exchange rate maintained on purchase order & as well as in OB08 is 1 EUR = 63.75 INR ,
    Material base value should be calculated for exchange rate 63.75 INR but it is calculating for 1 EUR = 44.17 INR,
    Due to this accounting document get posted taking wrong exchange rate(44.17 INR)
    Is there any configuration for exchange rate is missing ?
    How to solve the above issue ???

    Hi Jeyakanthan,
    Normally in SAP Standard settings for exchange rate type 'M' for 'EUR' currency transactions will have alternative exchange rate type as 'EURX' please check the rate might be taking from EURX.
    Kind Regards,
    Kiran Yelamarthy

  • Currency Coversion and Exchange Rate Issue

    Hi,
    I have a scenario in query which is related to currency conversion and exchange rates.
    Company Code     Matter Code      Invoice          Invoice date     Amount     
                        Number          (DD/MM/YYYY)
    1001          1111          INV101          01/01/2011     $100
    1001          2222          INV202          05/01/2011     $150     
    1001          3333          INV303          10/01/2011     $200     
    1001          4444          INV404          15/01/2011     $250
    Here , Amount field is in GBP currency by default.
    User gives choice as USD on selection screen and the amount field is converted to USD in output.
    Now, I wonder which day's exchange rate is applied for same ??
    And what steps should I do if I want to apply a particular day's exchange rate ??
    i.e.
    Consider that there are different exchange rates maintained on daily basis.
    For each invoice number (INV101 , INV202.....) There is an invoice date (01/01/2011, 05/01/2011...).
    The corasponding output amount should take that particular date's exchange rate for conversion of currency.
    How to achive same ??
    I have gone through t-code RSCUR for same. Nothing helpful found.
    I have even gone through some documents for currency conversion., but unable to find out such scenario.
    Please help me for same.
    Edited by: Sachdev_Nirav on Aug 5, 2011 11:53 AM

    Sachdev-
    Currency translations are a very complex issue for BW developers. What you need to do is manage a currency translation that is based on the exact 0CALDAY of the transaction. Here are some helpful hints
    http://www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/dc43c445-0d01-0010-23a1-ca348ff5f975?quicklink=index&overridelayout=true
    The standard SAP business content includes some standard translations as shown in the article, like these:
    0MEANTODAY Average rate using actual date (0SY-DATUM)
    u2022 0MEANDAILY Average rate using 0CALDAY of the data record
    u2022 0TRA_DATE Average rate using 0TRANS_DATE of the data record
    u2022 0PSTNG_DAT Average rate using 0PSTNG_DATE of the data record
    u2022 0DOC_DATE Average rate using 0DOC_DATE of the data record
    However, you MUST have a translation available in the main SAP Currency translation table (Transaction oB08 ) for the period in question, and you MUST report in the appropriate date. If, for example, you wish to report in an aggregate by 0CALMONTH, for example, the currency translation will need to be associated with 0CALMONTH, and the exchange rate will not calculate on a day by day basis, but on the standard that you set for the month. So, to your users, the data will be 'wrong'.
    A more robust method involves adding a value field to your data soiurce that uses the currency exchange rate in effect as of the day of the transaction. We do this in our data models, to with:
    Mexico Data source:
    Each value field will be available in the document currency(whatever), the company code currency(MXP), and in the corporate currency (USD).
    Good luck ! Most users don't understand the whole issue, and we spend a bit of time explaining it to them.

  • Foreign exchange rate issue

    Hi all
    Has anyone come across this issue before? If so, any guidance on how you resolved this would be much appreciated.
    I have Plants Abroad active and I have a company code in France with a local currency as EUR but a foreign plant in the UK with a country currency of GBP. 
    France uses a Central bank rate but the UK allows for a market rate to be used.  In the UK you can also produce invoices in a currency other then GBP as long as you show the exchange rate used and amount in GBP.
    When you receive a USD invoice you are required to match the exchange rate used by the Vendor in order for your country currency tax amount to equal the amount in GBP on the invoice (i.e. you reclaim what the vendor has charged). However, when entering the incoming invoice under your UK VAT registration there is no field to enter the exchange rate used by the Vendor on the invoice as the only manual exchange rate field available is used for transaction currency (USD) to company code currency (EUR). Therefore your country currency tax amount will differ to the Vendor and this is incorrect.
    Thanks

    Hi Aldo
    Thanks for your reply.
    I'm using FB60, Post Vendor invoices.
    The problem is SAP will only convert the doc currency USD to local currency EUR. However, I need to capture the exchange rate used by the supplier (specified ont he invoice) to mirror the VAT amount on the invoice, which is in GBP.
    Legally, the VAT amount must be shown in GBP, but the doc currency can be in any currency, e.g. USD.
    I hope this clarifies the issue.
    Thanks
    John

  • Exchange rate issue while doing incomin  invoice

    Hello All,
            The user has posted PO with frame work order for that while doiing Incomin invoice he is getting the following error. Pls anyone help me regarding this issue.
      Error:
    EXCHANGE  RATE OF CHF FIXED FOR TRANSLATION FROM CHF TO 1.0000
    DIAGNOSIS
    An exchange rate type is used for exchange rate CHF/CHF which is defined as a fixed exchange rate . However the exchange rate with which the system should continue to calculate is different from this fixed exchange rate.
    In OB22 exchange rate type is specified M
    In dev environment fixed  check box has not selected for exchange rate type M.Company code currency is CHF.
    In invoice under DETAILS  tab in currency field - CHF is there and  in exchange rate field - 1.00000 is there.
    Why this error is coming am not understanding pls anyone can provide me solution .
    thanks in advance
    regds
    ramachandra

    Hello
    For this error i am giving more details. company code currency is CHF frame work order has posted in CHF. In PO exchange rate it has picked up /1.0000 and fixed exchange rate check box has not selected. While doing MIRO the system has picked after entering PO number curreny CHF and exchange rate /1.00000. i think this is correct.
                 In OB22 first local currency is CHF ,translation taking transaction currency as basis and Group currency is USD , translation taking first local currency as basis, and index based currency is CHF. , translation taking as transaction currency as basis . for all we are using exchange rate type M . i  am getting the error msg type F5 and message number 768.Doc type it is taking KB. for doc type KB no exchange rate type has assigned.
    Edited by: ramachandra rama on Nov 3, 2008 1:35 PM

  • Exchange Rate Issue-Sales order-Accounting Doc

    Dear Gurus,
    There is a issue with currency rate.
    For example;  I create customer order and invoice with using exchange rate :"B"
    But company code is assigned to Currency rate : "M".
    And,    SAP converst amount my local currenct by using "M".
    It must be "B".
    How can I fix this error?
    King Regards,
    Edited by: Fsmehmet on Jun 7, 2011 11:39 AM

    Hi,
    System will convert your currency in the sales documents to the currency maintained in the Company code and sales organization statistics currency.
    To maintain/continue with the currency in your sales order get in touch with a finance person who would be able to help you with the same.
    Regards,
    Amit

  • KEFC currency exchange rate issue - using end of period exchange rate

    Hello,
    We are experiencing currency deviations for manual upload file because  exchange rate type M is using exchange rate at the beginning of the period.
    We would like to use the exchange rates at the end of the period instead beginning of the period.
    Does anyone know where I can find the program that KEFC uses for exchange rates during upload and how I can modify it so that it uses end of the period exchange rates.
    Thanks,
    Bhat

    Hello Bhat,
    In case actual data (plikz = 0) is updated in COPA line items. these
    data will be updated in all currencies which are set in Customizing for
    operating concern (tcode KEA0).
    for example:  operating concern ccy = USD and company code ccy = NZD
    Now foreign ccy can be any ccy other than Operating concern currency
    and company code currency.
    Suppose you choose foreign currency = EUR and give your own KURSF
    System has to convert EUR into USD as well as into NZD.
    So it cannot use the same exchange rate (KURSF) for both conversions
    Hence for actual data upload the system always takes the 'M' rate for
    conversion.
    please also  refer to note 618114 for the issue.
    Best regards,
    Ronghua Fan

  • Exchange rate issue for import po

    Dear friends,
    my client book a po in usd for the main party but the custom duty condation we are mataining in inr for a different ....now we have paid advance against the bill now the bill has come we need to clear the COMMISSIONER OF CUSTOMS account but the account showing exchange rate difference
    Ex.rate diff.accts are incomplete for account 0010700305 currency INR
    Message no. F5063
    Diagnosis
    The accounts for posting exchange rate differences could not be determined. For the specified G/L account and the specified currency key, the accounts are only specified incompletely. Either the accounts for the implemented exchange rate difference, the accounts for the valuation differences or the balance sheet adjustment account are missing.
    System Response
    The system cannot generate the exchange rate difference posting.
    Procedure
    By pressing ENTER, you achieve that the document is reset to a status without automatic posting. In another window, you can complete default settings for exchange rate differences and post the document afterwards.
    but we have already clear the same fo different IMPORT PO
    Any solutation can be appriciated

    Yes i know the system is also sugesst to assign the forex gain/loss through FBKP-(KDF) but my client not making import for the first time we have made several po and matain the same condition for the same vendor(COMMISSIONER OF CUSTOMS)
    it havnt ask any account assignment ...till date but sundlly why it asking ?.....is there any patch file required for it?

  • Exchange rate issue

    Hi
    I recently transferred a new exchange rate to BW and a created conversion type.
    In exchange rate table in BW test system, I see an entry for yen.
    When I run a report, I am able to do currency translation from dollar to yen using the new conversion type.
    I then transferred the exchange rates to Production and transported the conversion type. Again, in exchange rate table, I see an entry for yen. Everything looks the same as in the test system. But when I run a report, I get the message "No exchange rate from Dollar to yen". Is there any other table I need to look at?
    Thanks
    Aline.

    Hi Aline......
    Generally Exchange rates are maintained in r/3 and transfer to bw............rsa1->source system->r/3 source system->right click transfer exchange rate.............U need to schedule this update regularly (daily)...............to do this............Go to menu Program >>Execute in background....................there specify the start time and period values...........Exchange rate table is TCURR................
    In R/3.......u can check you exchange rate in the SPRO >> General Settings >> Currencies >> Enter Exchange Rate ........all these information will also available in TCURV table
    U can also maintain the exchange rate type in the BW system without getting it from the R/3......I think u r extracting from R/3........
    Regards,
    Debjani......

Maybe you are looking for