Exchange Rate posting to P&L vs B/S during netting, invoice payment and app
Our Netherland company has local currency EUR and group currency USD. We also have a US company where local and group are USD. We consolidate and report in group currency USD.
In NL company, we would like all exchange differences to go to f/x P&L account (both group and local) when the transaction currency is in anything but EUR. However, when the transaction currency is in EUR, we would like the difference in group currency to go to CTA account. How can we acheive that since there is only 1 account that we can use for a group currency?
Thanks
Hi,
Then you need to change the exchange rate based on your LIV posting date.
Check in OB08 with exchange rate type "M" , as when ever the difference in PO and Invoice you need to ask the finance team to change exchange rate as per date on which you receive the Invoice so the posting is done as per the vendor invoice exchange rate.
Do refer the below KBA which explains you in detail how the exchange rate works during MIRO.
KBA: 1700942 - Exchange rate cannot be changed as changing the posting date during logistics invoice verification
Similar Messages
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Hi Friends,
Just a quick one,I am trying to post a journal entry with a fixed exchange rate that is different from the system exchange rate, when I type in the amount, the system still uses the system exchage rate to calculate the value despite the fact that I checked the exchange rate box and filled in different rate.
Is there something I have to set-up before I can achieve this posting with fixed exchange rate?
I will really appreciate your usual help.
Regardshi,
Exchange Rate
If you created a journal entry with an exchange rate different than the one defined in the Exchange Rate and Indexes table, select this checkbox and type the exchange rate used for that specific journal entry.
This information is essential when revaluating reports. When setting the parameters for revaluation, and choosing the option to refer to the rates defined in journal entries, SAP Business One performs the revaluation according to the exchange rate you type in this field.
If you do not select this option, the revaluation results might be inaccurate, since SAP Business One will consider the exchange rate defined in the Exchange Rate and Indexes table, and not the actual rate used in the journal entry.
Jeyakanthan -
Changing Exchange Rate Posting in General Settings
Hi, Plesae I need your help concerning the exchange rate. i'm using SAP Business One 8.8 PL 15. In the display tab in Administration -> System Initialization -> General Settings, I chose "Indirect". However, many transactions (invoices) were done.
I want to change the Exchnage Rate Posting to "Direct". I know that I cannot change this setting after the first posting is made.
But, is there a way to solve this problem. I 'm in a big trouble. Please any suggestions?
Thank you.Hi Nadia,
unfortunately you are looking at the creation of a new database. This is one of the fundamental settings of the application & affects all postings. Therefore it is not possible to change this setting after postings were made.
You can check the DTW templates for the transactions you already have & extract the required data using queries. Convert the query output into DTW files & then use these templates then to populate the empty back up of your customised database.
All the best,
Kerstin -
Exchange rate posting method - Incorrect !
Dear all,
One of our installations was setup with an incorrect exchg rate posting method. It should have been set as direct, but is set as indirect instead.
However, over the past three month, no transactions have been posted in the system using any foreign currency.
Having said so, there are still volume transactions since the past three months mainly involving AR, AP, Payments and JE's.
AR / AP with FX will start soon, and we want this posting method to be fixed. I am aware that since the transactions have been posted, this setting cannot be reversed.
I would like all of you out there to share your thoughts with me, as to how we can tackle this problem. The only two solutions, that come to my mind are -
1. Use the backup of initial settings and import all transactions using DTW (lest importing does not have any impact)
2. Changing the DirectRate field in the OADM table from N to Y. Again, I am not sure, what would be the impact of this.
Looking forward to hearing from you all,
Cheers.Hi Somchitra,
The 1st option is right for you. It is indeed lots of output and DTW to do but it is necessary.
The 2nd way is direct update B1 database. That is very risky thing to do. You should never try to update through SQL command. You may loose support from SAP.
Thanks,
Gordon -
Hi,
I have done first Invoice Receipt (MIRO) 173700EUR @ 4.2139 = 731954.43
Subsequently we are doing Goods receipt (MIGO) 173700EUR @ 6.25 = 1085625.00 the difference is not shown even though the header we can see the rate 6.25
can you guys sugguest me any config mistake we are doing or it is only a knowledge GAP.
if you guys provide me any documentation on the same.
Regards,
PRakashHi,
If you are in EHP 4, you may check the note: 1278540 - Exchange rate diff.calculated incorrectly for delivery costs
Revert back if you are in different release.
Regards,
AKPT -
Changing Exchange Rate Posting definishion
I created a new DB. I imported GL accounts and BP accounts. The system does not permit me to change the Posting definishion from direct to Indirect(grey). How can I change this property ?
Hello Sara,
You should set this flag before you load anything into the system....
(if you made bakcup, you can rollback the state before you have imported the G/L accounts).
Regards,
J. -
Exchange rate difference amount need to be posted to venmdor
Hi
We have created import PO with exchange rate 76.35 then we have did MIRO with exchange rate 78
Liability created was with 78 value while making the payment with f-53 we are getting the value which is created with 76.35.
While making the payment client want make the payment based on exchange rate 78 based on the liability created not based on the PO created.
The difference amount is going to exchange rate fluctuation account.
Please can any body tell me how to post this difference amount also paying to the vendor with f-53.
Thanks in advance
kareemThanks for your advice Mr. Atif,
My client needs to be changed ER in MIRO level also, same value needs to be paid to vendor. When ever will go to f-53, if will process the open item, it is not matching to actually liability created values.
In this case how to proceed further.
Thanks and Regards -
Exchange rate diff amount posted to AUC asset
Hello All,
I am stuck with one issue and looking for some help
We are creating purchase order with account assignment as projects and then doing MIGO & MIRO and then settling through CJ88 to AUC asset.
The issue is related to exchange rate difference amount posted to AUC asset.
MIGO and MIRO are done on different dates and the difference amount in exchange rate posted to GL account maintained in KDM.
Now, when i settle the WBS element through CJ88 the AUC asset is posted with amount including the exchange rate difference amount.
Business do not want the exchange rate amount added to the AUC asset.
please confirm is this the system standard behavior .
Your inputs appreciated.
Thanks
ShashiHi Shashi,
As per Accounting Standards, the asset must be valued on the exchange rate on the date which risk and reward is transferred from seller to buyer.
For example If the vendor despatch the assets on 01.03.2014 at his place and contract is Exworks then the asset must be valued on exchange rate on 01.03.2014. Lets assume exchange rate on that day is 1USD=60INR. The price is 100 USD. You receive the assets on 10.03.2014 and exchage rate on that day is 55 INR. Now if you make GR on 10.03.2014 Asset value will be 5500 INR whereas as per AS it should be 6000 INR. That is why when you do MIRO the differnce between 6000 and 5500 is posted to asset.
When you do MIRO you must enter currency(USD) in Basic data tab and exchange rate 60 in details tab.
What happens in your system is standard behavior of SAP as well as correct process as per Accounting Standards.
Hope it is clear.
Regards,
G.Sethuraman -
Exchange rate type for posting to Controlling
Hi
We are using Currency type as 20 in Controlling Area. We have several Company Codes and each have different currency.
While posting entry from FI to CO , the system always take exchange rate type as M.
Please let me know whether we can assign some other exchange rate type for actual transactions.
Thanks
Gaurav JainHi
Goto TCode OBA7 and select your document type (usually SA ) and enter in Field "Ex.rate type for forgn crncy docs" your required exchange type.
Cheers
Srinivas -
Outgoing payment post different LC amount for same exchange rate as AP INV
Hi All,
I have this entry in my out going payments linked to a AP down payment that I cannot explain. This is a foreign currency transaction
1. AP down payment
FC
USD 381,000 @ document exchange rate of .931277
LC
AUD 409115.66
2. outgoing payment
FC
USD 381,000 @ document exchange rate of .931277
LC
AUD 448,235.29
Although the outgoing payment document exchange rate is same as AP down payment , SAP has applied rate from exchange rate table (@.85)
as a result LC amount is different and its created an exchange gain/loss entry. Any idea why this happen?
Other info
on payment means screen all transactions in USD and payment is NOT on account.
ThanksHi Smith
Check the below link it may useful to you
http://help.sap.com/saphelp_sbo900/helpdata/en/45/1149f129fc4805e10000000a1553f6/content.htm
With Regards
Balaji Sampath -
Message no. SG028 Ambiguous... exchange rate relation
Hi Friends,
I have a free of charge order. While doing the Post Goods Issue step, I am getting the following error message
Ambiguous EUR/USD exchange rate relations
Message no. SG028
I have searched in the forum and made sure that in transaction OB08 Exchange Rate EUR/US and USD/EUR (Exchange Rate Type M) has maintained properly in the system.
I have also made sure that the entries are properly maintained in SPRO - General Settings - Currencies - Define Translation Ratios for Currency Translation.
But still the error is coming, I saw in one thread, some one has reported the same problem even after maintaining the exchange rates in OB08, but no solution was suggested as far as I check. could anyone please give some inputs why the same error coming even though the exchange rates are maintained and how to fix this issue as I stuck in Post Goods Issue step
Thank youHi Christian,
Thanks for your time.
I've found the below entries in OBBS
M USD EUR 01.01.1900 100 : 1
M EUR USD 01.01.1900 1 : 100
Alternative currency is blank in both entries
In OB07 for exchange rate Type M all the fields (Ref. currency, Buy and Sell rate) and the check boxes are blank. it is still unclear for me being a logistics guy
While doing Post Goods Issue in other scenario I didnt have any error where currency GBP EUR invovled. In this case the OBBS entries EUR/GBP as below
M GBP EUR 01.01.2000 1 : 1
M EUR GBP 01.01.2000 1 : 1
Alaternative currency is blank in this case as well.
Does the valid from date or the ratio make any difference?
I could not clarify with my FI consultant as he is on vacation. Could you please let me know how to fix it.
Thank you -
Budget can not be made zero in CO area currency due to diff exchange rate
Hi All,
There was a supplement on a wbs of 50000 DKK (transaction curr) and corresponding amount is 61400 sek in CO curr.
After 1 yr , theere was a supplement of -50000 DKK and corresponding amount in CO area curr is -71000 sek becoz the exchange rate was diff for this period.
Now the net value at transaction area currency is zero for the wbs, but at co area currency the net is not zero.
How to make the budget amount to zero at controlling area
thanx in adv.
//ashisHi
If it is one time transaction and you want to net off the values then take help of FI consultant. Maintain the currency exchange rates between the two currencies exactly same as earlier value (when earlier supplements were posted). Then remove the budget so that system will consider the exchange rate and will net off the value.
Note that maintainance of currency exchange rate can be possible for 1 day even and immediately you can change the rate as per existing rate. -
Exchange rate diff. accts are not defined for account 16145110currency INR
Dear SAP Gurrus,
I am facing a problem while making payment against invoice, receiving payment against invoice, clearing advance payment and advance receipts through T-code F-53, F-28, F-44 and F-32. System is allowing me to select the invoices against which I want to do the clearing but when I go for simulation I am getting the following error -
' Exchange rate diff. accts are not defined for account 16145110currency INR'.
When I click on the error message the performance assistant gives methe following details:
Exchange rate diff.accts are not defined for account 16145110 currency INR
Message no. F5062
Diagnosis
The accounts for posting the exchange rate differences could not be determined. For the specified G/L account and the specified currency key, no corresponding exchange rate difference accounts were determined.
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 the default settings for exchange rate differences and post the document afterwards.
Proceed
My client is local. Even the local currency is set to 'INR'. There is no foreign currency involced while making invoices, payment and receitps. Eventhough the system is giving me error. As a result I am not able to clear open items. Please give me some feasible solution so that I can clear the open items.
Thanks in advance
Regards
Shreyas Wanihi,
As you said, you are not maintaining any Exchange rate differences, It may not be required a Exch rate Diffrences account.
Please check whether you have created any Group / Parrallel curencies etc in co.code level.
Please go through the notes 209580 / 89531, hope it helps you.
Regards
Kanna -
Exchange rate diff at the time of GR
Hi All,
l have an issue which is, when l fix the exchange rate in my PO, at the point of goods receipt, differences are generated. that is,
at date 01.02.09, exchange rate on PO is fixed.
at date 11.02.09, goods receipt is done and when the accounting document is checked
it post a difference between the fixed PO rate and what's maintained on the exchange rate table
to the forex account. So l get this:
Dr Stock account
Dr Price diff account
Cr GI/IR account
Cr Forex account
Note: that IV is not yet carried out here at all. Price control is moving average.
My understanding is that differences arise between the time of GR and IV, if PO is not fixed.
RegardsHi
If you fix the exchange rate indicator in purchase order, and doing GR (different exchange rate has been maintianed in OB08), then you inventory will be valuated at PO exchange rate. Difference will go to gain/loss on exchange rate (foreign currency exchange rate account). Same will be negated by price difference account.
You have one more setting for IV exchange rate in MM - LIV - incoming invoice - how exchange rate difference are treated. Here you maintain the settings for GR and IR exchange rate differences.
Checking the exchange rate fix in PO has nothing to do with GR and IR rate differences as through out the process the rate is constant.
Thanks -
Exchange rate fluctuatuion amount is not generated in F-28
Hi Gurus,
when making partial payment from foreign customer in F-28, the Exchange rate fluctuation amount is not generated. But when making full payment from the foreign customer, exchange rate Fluctuation amount is generated.
For eg: At the time of billing the document, the amount is 1050 USD @ 46.4500
Now there are paying a partial amount of 1000 USD @ 46.3000
Now the difference amount between 46.45 & 46.30 has to generated at time of payment.
But its not happening.
Can anyone help me to find a solution.Hi Satish,
While making Partial Payments also you can post forex gain/Loss but for that a little configuration is required. The IMG path is :-
Financial Accounting Global Settings (New)>Global parameters for Company code>Currencies>Indicate Currency Differences for partial payments.
Here against the document type, which you are using for making partial payments you have to tick that doc type and then the Forex gain/Loss gets posted even on partial payments.
Regards,
SAPFICO
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