Exchange rate on Incoming Payment

Dear Experts,
Can anyone assist with this issue?
I have created an invoice in a foreign currency (USD) with a rate of 1.485.
At the time of creating the incoming payment, the system rate had changed to 1.48. I therefore decided to change it to 1.485 after selecting the invoice to be paid so as to avoid exchange gain or loss on receipt of this transaction. This however resuledt in an error - 'No GL Account found'
Please help!
Regards
John

Hi,
Have you check what is the decimal settings for the rates under the Adminstration > System Initialization > General Setting > Display tab ?
Also, please check whether the Rounding account is defined in the G\L Determination window.
Kind Regards,
Jitin
SAP Business One Forum Team

Similar Messages

  • Different LC amount for same exchange rate at Incoming & Outgoing payment

    Hi
    I have created an incoming and outgoing payment separately. One of the amount is the same between Incoming and Outgoing payment with same currency and same exchange rate, but system generated LC amount with a rounding difference of SGD 0.01. Example, in incoming payment, the double entry is:
    Dr AP/AR Contra account   USD $ 294,318.00     __*SGD $ 442,065.64*__
    Cr Customer          USD $ 294,318.00          SGD $ 440,289.64
    Cr Exchange Gain/Loss                    SGD $     1,776.00
    For outgoing payment, if the exchange is the same as 1.512, the system generated double entry below:
    Dr  Supplier              USD $ 864,624.53    SGD $ 1,271,084.52
    Dr Exchange Gain/Loss                             SGD $      27,581.52
    Cr Cash At Bank          USD $ 570,306.53     SGD $ 856,600.41
    Cr AR/AP Contra A/C          USD $ 294,318.00     __*SGD $ 442,065.63*__
    As you can see from the sample above, AP/AR Contra account is generated as 442,065.64 in Incoming payment whereas for the same rate and same posting date, the system generated different LC amount in Outgoing payment to 442,065.63, there is a 0.01 difference.
    Why is that so? Why same exchange rate and FC amount will resulted in different SGD amount? Anybody know whether there is any workaround to solve this problem? Thanks.
    Regards,
    MH

    Hi Gordon,
    I don't really get what you mean. I have tried on my own database and it doesn't happen even though patch level, decimal places and document settings are the same. But it just happen on customer database with exactly the same transactions. So not sure how SAP calculate the amount. Thanks.
    Regards,
    MH

  • Document Split for Currency Exchange while posting Incoming payment

    Hi Experts,
    Scenario:
    > Post incoming Customer payments using F-28
    > posting entered today (14 Jan 2009), but posting date is 30 Dec 2008)
    > Tested in Clients 001 and 005 (same setup in terms of GLs, Customers, Vendors, etc)
    I was able to post the incoming payment in Client 005.  However, in Client 001, I got error message:
    *Ex.rate diff.accts are incomplete for account 0000140000 (Trade Debtors/Customers) currency SGD
    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.
    Proceed*
    When I clicked Proceed, the system took me to OBA1, with "Document Split for Currency Exchange" option highlighted in blue.
    Does this mean that I need to create a new GL account to post Document Split for Currency Exchange?
    Note: Setup for OBA1 both 001 and 005 are the same. But I only encountered the error in 001.
    Hope someone can help me.
    Thanks...

    problem solved: add relevant Open Item GLs in OBA1 (Account Determination for OI Exchange Rate Differences)

  • Invoice Payment Using Current Day's Exchange Rate

    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.
    On the day of payment, they would like to change the payment currency of the invoice to peso, and would like the payment program to pick up the exchange rate applicable on the payment date, and post differences accordingly. We cannot get SAP to do this.
    Once the payment currency is changed to peso, the payment program simply pays the peso amount in the invoice; it doesn't consider the exchange rate of the payment date.
    Does anyone know a way to get the payment program to use the current day's exchange rate, even if the payment is in the local currency of the company code?
    I appreciate any assistance. Even if you think this scenario is not possible, that would be valuable information.
    Kind regards,
    James

    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.
    If I change the currency to the Local Currency in the Payment Means, the amount of the Local Currency changes according to the rate defined.
    Please check if this is what is happening in your system.
    Regards,
    Jitin
    SAP Business One Forum Team

  • Requirement: Exchange rate in Payment program same as in the Invoice docume

    Hello Gurus,
    Is there a way to set the exchange rate set by payment program same as in the invoice, i.e. Exchange rate(Payment document posted by Payment program) = Exchange rate of the Invoice document?
    *Considering Payment programs is paying off many different invoices all with different exchange rate but their respective clearing payment document number should contain same exchange rate

    In my case, my user want to update a different exchange rate in every invoice and not have a rate from any table. So basically, we cannot use this option. I want that the payment document posted by Payment program picks up the same exchange rate as found in the invoice.

  • F110 Only Vendor's position takes the exchange rate from bill

    Good Morning, I have a problem, when I create a pay with F110, in the payment document only Vendor's position takes the exchange rate from bill, others positions take the exchange rate from de payment doc. I want all positions take the same exchange rate (Payment Doc).  I don't know how fix this.
    Example:
    Payment Doc.
                                                  Amount      /   Exc. Rate  /       Amount LC
    Vendor's Position            /       293.97     /     2.812       /       826.64
    Withholding                    /      -17.64     /     2.768       /              -48.83
    Payment                           /       -276.33     /     2.768           /        -764.88
    Exchange rate difference /           0     /                     /              -12.94
    I hope someone can help me. Thanks.
    Regards
    Fernando

    Hi,
    it is the sap std behaviour while creating the PO, picking of the exchange rate from the specified tables and from specified type.Seems you can not change.
    Regards,

  • 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 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 "
    -> Click on 'More' & be redirected to the reconciliation landing page.
    All the best,
    Kerstin

  • How to pay USD invoice with SGD in Incoming Payment with a diff FX Rate?

    Dear Experts,
    My system configuration is:
    LC: SGD
    SC: USD
    I have a USD invoice that I will like to pay off with an incoming payment, But i will like to pay it off with SGD.
    The date is 1/1/2010 and the USD exchange rate is 1.5 for this day. However I will like to key this payment with a USD exchange rate of 1.3.
    How can I key this incoming payment in SAP? *In my JE posted for the RC, I will also like the SC amount (in USD) to use the exchange rate 1.3 as well.
    Please help advice urgently! Much Thanks!!
    Warmest Regards,
    Chinho

    Dear Experts,
    Please help advice!!
    Much thanks in advance.
    Warmest Regards,
    Chinho

  • Incoming payment VAT for exchange difference

    I need to post the Incoming Payment (F-28 or F-36), with VAT tax about the exchange difference.
    When simulate the post, appears the automatic position with the exchange difference but do not appears the VAT for this difference. Anybody know where customizing?

    Please check this link
    Exchange Rate configuration
    thanks
    SKKS

  • 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.
    invoice on 9/11 for 4267.50AUD the rate 1.2154 =3511.19usd run the payment program on 9/17 the rate is 1.18840. it pays out 3511.9 instead of 3590.96usd. The difference between the 3511.19 and 3590.96 would be the exchange loss or gain.
    What is missing, or how should the system do it.
    Then when the bank pays the order at the bank rate, the rate in the books and the bank rate are different, therefore different payment amounts, how do you set up the system to reconcile the two and generate another exchange rate.
    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.
    Thank you

  • 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 
    01.05.2011   1USD = 50 INR
    31.05.2011 1USD = 55 INR
    Invoice Date = 01.04.2011 (1USD = 40 INR)
    Purchase Ac Dr  100 USD
       To Vendor               100 USD
    Partial Payment on 10.04.2011 of 20 USD
    (10.04.2011   1USD = 45 INR  )
    Vendor Ac Dr  20 USD
        To Bank  Cr 20  USD
    Partial Payment on 01.05.2011 of 60 USD
    (10.04.2011   1USD = 50 INR  )
    Vendor Ac Dr  60 USD
        To Bank  Cr 60  USD
    On 31.05.2011 (Month end Revaluation FAGL_FG_VAL)
    (31.05.2011   1USD = 55 INR  )
    If we do the valuation you will find that system create Fluctuation on the basis of Rate maintain on 31.05.2011 .i.e 1 USD = 55 INR.
    Ideally system should generate fluctuation at the time of partial payment only so in that case fluctuation will be less. And this is as per accounting standard also.
    ( I know partial payment  is open item and system will not calculate exchange fluctuation in that case. But then this will be wrong practice.)
    (If I go for residual payment in that case system will clear full invoice amount then and there and create exchange rate fluctuation of full amount which is also wrong).
    Kindly Suggest
    Bittu

    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

  • Automatic Payment prog for Incoming payment by bills of exchange

    Hi,
    I would like to know, weather we can use the transaction F110 for incoming payments from customers by bills of exchange, if yes, what are the necessary configurations for the same.
    thanks
    Vikash

    Hi,
    Good afternoon and greetings,
    Please go through the following SAP OSS Notes
    Note 444521 - F110: Expiring currencies and bill of exchange payable
    Note 360145 - Expiring currencies: Bills of exchange
    Please reward points if found useful
    Thanking you
    With kindest regards
    Ramesh Padmanabhan

  • F-53  payment clearance Exchange Rate Difference

    HI
    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/$= 86 which is ok at vendor invoice level .
    Problem area is F-53 when we clear payment system pick old rate which is Rs/$ =61.0299.
    it giving problem for only one vendor.
    thanks
    thomas

    Hi,
    Check in po header whter exch rate fixed tick box is ticked.
    Regards

  • Reissue payment - with different exchange rate

    hi,
    Is it possible to reissue the payment,with the different exchange rate?? the reissue list box is disabled in payments screen?
    pls help me...
    thanks a lot n advance...

    any suggestion???!!! it is wire transfer...but the transfer had not completed..at this stage if end user needs to reissue payment with new exchange rate????
    Edited by: prety on Aug 28, 2010 9:57 AM

  • 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. 
    My question is this:  We have a few separate companies that would use this feature with the possibility of receiving different rates from their respective banks.  How would this work if 2 companies had 2 separate exchange rates for the same conversion on the same day?  I found that once you enter in an exchange rate for a conversion, you are stuck with that rate for that particular day, so the amount can not be over written with another rate to be used by the second company code.  Is there a way around this or is there a different way to accomplish the converting of currencies at the payment program?
    Thanks.
    Pete
    Edited by: Peter Zaborowski on Sep 26, 2008 2:35 PM

    Hi Peter
    Use two different exchange rate type for bank1 and bank1. Upload the exchange rate into the system. Select house bank and specified rate type during the payment run.
    Regards
    Srinivas

Maybe you are looking for