FB60 entry in foreign currency

Hi All,
I want to post FB60 (vendor invoice) in foreign currency. The foreign exchange rate needs to be given manually. It is because transaction is carried out at the rate which is different from the rate mentioned in OB08 table.
I have filled the amount in local currency manually in local currency tab.
But i gave me following error:
"Balance in local currency INR is too large for automatic adjustment"
In OB08, foreign exchange rate mentioned is Rs.50 & Manually i want to put rate as Rs.50.5. So its 1% difference. Let me know how to resovle this error.

Please check the value that you have maintained in the following path in SPRO:
Fin Acct (NEW) - Fin Acct Glb Stgs - Glb parameters for CC - Currencies - Max Exch Rate Diff - Define Maximum Exchange Rate Difference per Company Code
In this activity, you define, per company code, a maximum difference between exchange rates for postings in foreign currency. To do this, you specify how much the exchange rate entered manually in the document header may differ in terms of percent from the one stored in the system.
If an exchange rate or the local and the foreign currency amount were entered manually during document entry, then a comparison is made with the exchange rates stored in the system. If a deviation does occur and it exceeds the percentage rate specified here, then a warning appears.
Hope this helps you.
Regards,
Prasad

Similar Messages

Accounting entries for Foreign currency revaluation..Accounting entries

Dear All,
Can any one tell me the Accounting entries for posting foreign currency and foreign currency revaluation..
Regards,
Suresh Patipati.
Edited by: suresh patipati on Feb 17, 2009 7:45 AM

Hi,
I will mention entries from Vendor point of view on that basis you can get the idea.
1. If there is a Unrealised loss.
Unrealised loss A/c...............Dr.
To Balance Sheet Readjustment A/c......Cr.
2. If there is a Unrealised Gain.
Balance Sheet Readjustment A/c......Dr.
To Unrealised Gain A/c.....................Cr.
3. If there is a Realised Loss.
Realised Loss A/c......Dr.
Vendor A/c.................Dr.
To Bank A/c.......................Cr.
4.If there is a Realised Gain.
Vendor A/c..........Dr.
To Bank A/c....................Cr.
To Realised Gain A/c.......Cr.
Best Regards,
Shridhar

Foreign currency revaluation entries...

Dear All,
Can anyone tell me the Accounting entries in foreign currency revaluation...
Regards,
Suresh Patipati.

Hi,
I will mention entries from Vendor point of view on that basis you can get the idea.
1. If there is a Unrealised loss.
Unrealised loss A/c...............Dr.
To Balance Sheet Readjustment A/c......Cr.
2. If there is a Unrealised Gain.
Balance Sheet Readjustment A/c......Dr.
To Unrealised Gain A/c.....................Cr.
3. If there is a Realised Loss.
Realised Loss A/c......Dr.
Vendor A/c.................Dr.
To Bank A/c.......................Cr.
4.If there is a Realised Gain.
Vendor A/c..........Dr.
To Bank A/c....................Cr.
To Realised Gain A/c.......Cr.
Best Regards,
Shridhar

Foreign Currency Settings

hi,
Can anyone send me important configuration required for maintaining foreign currencies at Flat rate.
we always make forward contracts for exports with bank therfore our exchange rate is gets fix for a particular period.

Dear Sayujya,
http://help.sap.com/saphelp_erp2005/helpdata/en/96/8b331243ce11d189ee0000e81ddfac/frameset.htm
Foreign Currency Valuation
In order to create your financial statements, you have to carry out a foreign currency valuation. This valuation covers the following accounts and items:
Foreign currency balance sheet accounts, that is, the G/L accounts that you run in foreign currency.
The balances of the G/L accounts in foreign currency are valuated.
Open items posted in foreign currency.
The line items in foreign currency are valuated.
You have the following options for the foreign currency valuation:
You can carry out the valuation in local currency, (company code currency), or a parallel currency (for example, group currency).
You can also use different valuation methods (for example, lowest value principle).
In addition to the foreign currency valuation, you can also carry out a currency translation in accordance with FASB 52 (US GAAP). You can thereby translate your account balances from local currency into group currency, for example.
Prerequisites
To carry out a foreign currency valuation, you must first make certain settings in Customizing. You make the settings in Customizing under Financial Accounting -> General Ledger Accounting/Accounts Receivable and Accounts Payable -> Business Transactions -> Closing -> Valuating -> Foreign Currency Valuation.
You must define the exchange rates. See Exchange Rates
You must also define a valuation method. Choose Define valuation methods.
You must also define the expense and revenue accounts for exchange rate differences from valuations. For payables and receivables accounts you must also define the financial statements adjustment accounts. To do this, choose Automatic postings for foreign currency valuations.
If you want to carry out a parallel valuation, you must also have defined a valuation area. Choose Define valuation areas.
The exchange rate differences from the parallel valuation are posted in this valuation area. If you carry out a parallel valuation with a different valuation method to the first valuation, you do not have to reverse the postings from the first valuation. This information is then available for subsequent closing operations, for example, Transferring and Sorting Receivables and Payables
Features
You can use report SAPF100 for the foreign currency valuation. This report carries out the following functions:
Valuation of foreign currency balance sheet accounts
Valuation of open items in foreign currencies
Saving the exchange rate differences determined from the valuation per document
Carrying out the adjustment postings required
The following topics describe how to carry out foreign currency valuation using the reports, and how to post valuation differences. You can also make this posting manually. From the SAP Easy Access screen, choose Accounting -> Financial accounting -> General ledger -> Document entry -> Valuate foreign currency.
Activities
To carry out a foreign currency valuation, from the SAP Easy Access screen, choose Accounting -> Financial accounting -> General ledger/Accounts receivable/Accounts payable -> Periodic processing -> Closing -> Valuate -> Foreign currency valuation.
Hope this will help.
Regards,
Naveen.

Foreign Currency valuation accounting entries

Dear friends
At the time of revaluating foreign currency at period end, an accounting entry gets generated, which is reversed on 1st day of the next period. As per my understanding, the entry is as below -
Forex Loss Dr
Vendor Adjustment A/c
My question is whether the Vendor adjustment G/L is a Recon a/c? Also, in what transaction code, this customization is done?
Thanks in advance
Amit

Hi,
Please check all your settings correct or not?
Step1: Forex Rates should be maintained OB08
Step2: Define Valuation Methods
Step3: Define Valuation Areas
Step4: GL Account Creation for Forext Loss and Gains,
Step5: Assign GL Acconts
Step6: Foreign Currency Valuation T Code: FAGL_FC_VAL
Thanks
Chandra

Foreign Currency Revaluation Configuration

Dear Expert,
How to configure OBA1 Foreign currency revaluation. please expline KDB and KDF,
Which GLs will assign in Exch. Rate Diff. using Exch. Rate Key (KDB) and Exchange Rate Dif.: Open Items/GL Acct KDF. please explain .
Regards
Jhaanu

Dear Jhaanu,
Please fallow below Details and see step by step. it should help full for you..
Purpose
This wiki provides a demonstration of valuation of Open Items In Foreign Currencies
Overview
From the help.sap.com documentation the following is stated
Valuation of Open Items in Foreign Currencies.
Use
All open items in foreign currency are valuated as part of the foreign currency valuation:
The individual open items of an account in foreign currency form the basis of the valuation, that is, every open item of an account in foreign currency is valuated individually.
Example of open items are customers, Vendors, or GL accounts managed on open item basis (SKB1-XOPVW = X)
The total difference from all the open items in an account is posted to a financial statement adjustment account. The account therefore retains its original balance.
The exchange rate profit or loss from the valuation is posted to a separate expense or revenue account for exchange rate differences as an offsetting posting.
A valuation cannot be made by posting to the payables/receivalbes account, since reconcilation accounts cannot be directly posted to.
For this reason the amount is posted to an adjustment account, which appears in the same line of the balance sheet as the reconcilation account
Step 1 - General customizing
Local currency of company EUR -
Implementation Guide: Financial accounting (New) -> Financial accounting global settings (New) -> global Parameters for company code - Transaction code OBY6
Exchange rate 1 USD = 1,7 EUR
Implementation Guide: SAP NetWeaver -> General settings -> Currencies (check all settings) -> Enter Exchange rates (Transaction code OB08)
Step 2 - Create Invoice
SAP Easy Access -> Accounting -> Financial accounting -> Accounts payable -> Document entry -> FB60 Invoice
Post document
Display document posted via FB03
Change in exchange rate occurs 1 USD now equals 1,63 EUR
SAP Easy Access Screen choose -> Accounting -> Financial Accounting -> Accounts Payable -> Accounting -> FBL1N -Display/Change Line items
Step 3 - Review of Foreign Currency Valuation customizing
Prior to performing a foreign currency valuation review of customizing:
Implementation Guide:Finanical Accounting (New) -> General Ledger Accounting (New) -> Periodic Processing -> Valuate
Define Valuation Methods
Define valuation Areas
Define Accounting Principles
Check Assignment of Accounting princples to ledger Group
*required if you have more than one ledger
Perpare Automatic Postings for Foreign Currency Valuation
Select Transaction KDF, enter Chart of Accounts
The Target Accounts for KDB/KDF can also be defined per valuation area
Account Determination per Valuation Area
Step 4 - Perform Foreign Currency Valuation
To perform a foreign currency valuation, from the SAP Easy Access Screen, choose Accounting -> Financial Accounting ->
General ledger/Accounts Receivable/Accounts Payalbe -> Periodic processing -> Closing -> Valuate -> Foreign Currency Valuation (New)
Transaction FAGL_FC_VAL (Program FAGL_FC_VALUATION)
Execute
Click on Postings button
To create valuation documents create postings must be ticked on, if you execute without create postings ticked, this means that program is run in test mode.
If there are errors when posting, a batch input session is created (transaction SM35)
Update run is saved in table FAGL_BSBW_HISTRY
Best Regards,
Krish.

Foreign currency invoice Through APP Run Payment

Hi SAP Guru's,
My company code currency is "SEK" , and i am posting in FB60 currency is USD then i was Run app It is Showing like this Error
Job started
Step 001 started (program SAPF110S, variant &0000000021747, user ID BREDDY)
Log for proposal run for payment on 02/09/2012, identification B1
Information re. vendor 65670 / customer / paying company code 3130 ...
Payment with currency USD, payment method : No valid payment procedure
Information re. vendor 65670 / paying company code 3130 ...
... payment not possible because of reported error
End of log
Step 002 started (program SAPFPAYM_SCHEDULE, variant &0000000008301, user ID BREDDY)
Step 003 started (program RFFOEDI1, variant &0000000000283, user ID BREDDY)
Program RFFOEDI1: No records selected
can any one suggest me if any configuration is needed and how to run "Foreign currency invoice Through APP Run Payment"
Thanks in Advance,
Bhaskar Reddy.S

Hi Vishnu,
Thanks for your quick replay,it is also very useful answer to me. and i got the solution finally.
Setps:-
1) FS00 Under Control Data Tab I Remove the only Balance in Local Currency Check box
2)FBZP >BANK DETERMINATION> RANKING ORDER (Select ur company code), We need to maintain The which currency you want to like you have payment method "C" You should maintain
Payment Method       Currency     Ranking.Order          House Bank
C                                SEK                 1                            1000
C                                USD                 2                            1000
C                                  GBP                3                             1000
Under Bank Accounts Folder
House Bank           Payment Method         Currency      Account ID     Bank Sub account
1000                             I                               SEK             SEK1               200101
1000                             I                               USD             SEK1               200101
1000                             I                               GBP             SEK1               200101
Under Available Amounts Folder
House Bank          Account ID      Days    Currency    Available for outgoing Payment
1000                       SEK1                0           SEK           9,999,999,999,99
1000                       SEK1                0           USD           9,999,999,999,99
1000                       SEK1                0           GBP           9,999,999,999,99
Thanks,
Bhaskar Reddy.S

Problem in F.05 in foreign currency valuation

Hi all
we are facing some problem in the F.05..that is we are getting some amount difference in one company code 6000
but we do not have any issues with the forex revaluation. We are following the same process for both the company codes i. e 4000 and 6000 for forex revaluation ( T Code: F.05).
In both the postings Balance sheet preparation valuation was selected. Only when we are knocking off the customer open line item against the payment, Forex revaluation entry is not reversed incase of company Code:6000. For company code:4000 documents are properly posted.
Our question is why is the system is not reversing forex revaluation documents for company codes:6000?
Can any body please help me out for this issue and let me know if you want more explian
Thanks in advance
Regards
vamsi

Hi Vamsi,
Just check whether in Company Code 6000 you have activated Delta Logic. If it is activated, then whether for the Company Code 6000, you have posted the document as Year end Closing Valuation. If it is year end valuation, then the System will not reverse the Foreign Currency Revaluation documents.
Regards,
Amit

Report for foreign currency revaluation - FAGL_FC_VAL

Hello Experts,
I have executed FAL_FC_VAL - Foreign Currency Revaluation Program. System posted some accounting entry for the same. However, I want to know how system calculated and for which invoices it calculated.
For this I want a report from SAP, for foreign currency revaluation. Please let me know the TCode for the report.
I can see some output on screen, showing calculation, during test run. But it does not get saved anywhere.
Please help

Hello Ms Meena,
You can achieve to have this if you are in ECC 6.0 by activating the Logs to be stored.
This can be done via FAGL_FC_VAL & go to the last tab as below.
Precondition : Make sure before user run the revaluation they click on both tick mark.
Click on Logs
give the date when they it is run & execute
Select the log
Here you can select your fields like vendor name/customer name/GL account Name.
I would strongly suggest to create a variant by yourself & save & then ask the user to change the date to revaluation everymonth.
Many thanks
PB

GR/IR difference with foreign currency - WBS element

I am working in the MM area and hadling Service entry sheets, GR and Invoice, Finance is complaining and having problem at project(WBS Element) closing time. we are using Project system to control budget. Now finance is not able to close budget code because they are having commitment and giving error. the situation is like below: There is a difference of .01 AED in the Foreign currency amount, finance also claim that system was behaving OK with 4.6C, Now after upgrade to ECC5(4.7) it has started this problem
Goods Receipt:
3,702.73     USD          13,600.00     AED
Invoice Receipt:
3,702.73     USD          13,600.00     AED
Service Entry Sheet:
3,702.73     USD          13,600.01     AED
Please help me to sort out this problem
Mazhar
Message was edited by:
        Mazhar Hussain

Hi
Header exchange rate picked up at time of PO creation with reference to document date in header.
If you fix exchange rate then it will be same for all items in purchase order.
In your case if exchange rate is different then check whether you have done goods receipt in two lots (say 8 items first and then 2 items) with different posting dates. Check accounting documents generated and in that document check translation dates for checking exchange rate in OB08 transaction.
And in invoice what is the currency you are using - if you do not use any special currency (foreign) then PO currency will be picked up. If exchange rate fixed indicator is not there in PO - depending upon system baseline date (posting date) exchange rate will be coming.
Thanks

Error when using automatic clearing (F.13)with foreign currency valuation.

Hello all
below is our problem, please suggest us a solution
We are experiencing a problem when running the automatic clearing in SAP. Somehow, the system seems to clear (with no reason) open items created with the revaluation of foreign currency.
Let's say that we run the valuation of open items in foreign currency for December 31, and we run the program to post the reverse entry as of January 1 of the next year. As a result of this valuation, the system calculates a loss of 10 euros. Therefore, it posts a document with a debit entry of 10 into the Loss account, and a credit of 10 in to account where the valuation was carried out. This document has a posting date of December 31. The batch program also creates the reversing entry, this time a credit entry into the Loss account, and a debit into the original account.
If now, we try to run the automatic clearing (F,13) on December 31 for those accounts, the system will create (automatically) a document on December 31, similar to the reversing entry that the valuation created, clearing at the same time, the first document that the valuation originally created.
The final result then is that the valuation makes a posting, and we end up having two reversing entries. Does it make sense?
In our scenario in the system P70, for MX10, we have a foreign currency valuation run on December 31st, which posted the document numbers:
1) 5100004579/2008, for a total of 0 euros, and 240,483.17 MXN. Credit to account 11081108 Finavigate cash receipt bank collect.CMG MXN.Debit to account 18601000 Losses f.foreign curr.valuation on financial trans
2) In the same batch, the system also books a reversing entry (doc 5100000042/2009) with posting date 01.01.2009 with exactly the same opposite entries as in the previous document.
3) After this, we run the automatic clearing with posting date 31.12.2008, and now, the system creates automatically the document 5000003236/2008, which clear the original document, 5100004579.
The final result, as you can see, it's out of balance, there is an additional document that we need to reverse.
Thanks in advance
sujatha

To my knowledge you get do two things:
1. In F.13 transaction don't include both the GL accounts where the Dr. and Cr. posting from the valuation run have taken place. With this the system won't find the matching entry.
2. If you want to use all the GL accounts in F.13, then check the clearing procedure configuration and make suitable changes.
With the info provided, this is the only thing I can suggest.
Regards,
~Vishal.

Foreign Currency Valuation - GL at the time of clearing of open items

Hi experts,
We valuate the open items (Balance sheet items) in Company Code Currency without checking the reversal option.
At the time of clearing of these open items, the GL used for reversal of the valuation difference is been different.
GL mapped in OBA1:
Exch.rate diff realized
Loss/Gain: 716000
Valuation: Loss/Gain - 716001
Bal.Adj 1: 101699
Translation:
Loss/Gain: 716000
Bal.sheet adj -Loss/Gain: 716001
At the time of clearing of open items:
The entry which is getting passed for the reversal of the valuation difference is some time posted to GL: 101699 and sometime to GL 716000. The off-setting GL been Clearing GL(which is been valuated).
Could someone kindly through some light as to why the system behaving in such a way. We expect the GL at the time of reversal to be 101699.
Thanks in advance.

Hi Pradeep,
The principle of foreign currency revaluation works as follows for the open items like AR, AP and Bank Balances:
At the period end the system revaluates the open items (or balances, as the case may be) with the period end exchange rate and thus posts the difference between the original exchange rate (at the time the open item was created) and the period end rate. This could be loss or gain due to revaluation. One side of the entry is P&L (7...account) and the other side is the balance sheet (the balance sheet account typically comes from AR, AP or Bank/Cash range).
This loss or gain is not realized since at the period end the open item is still out there. When you clear the open item, the loss or gain due to the latest exchange rate is realized immediately and is posted to realized loss or gain, with an offset to the original balance sheet account.
I hope the above helps.
Sharabh

Foreign Currency Revaluation

Dear Consultants,
We have maintain the Exchange rate in C and V for the customer and Vendor
respectively.
In fact we had maintained the Exchange rate perfectly for both C and
V in the system.
Some documents are posted with currency type"EUR".
We are in the process of passing Foreign Currency revaluation Entries
for the Open Vendor Items and Open Customer Items for the fiscal year
2006-2007.
Sytem is taking the latest rate maintained in T.code:OB08 for exchange rate type of "EURX"
Any reasons.Please provide solution as early as possible.
Regards,
Kalpana

Dear Kalpana,
When you are doing Foreigh Currency Valuation, System will take the Currency rate which is valid on key date ( the date you enter while running f.05).
If require, let us know.
Regards,
Venkat

Foreign Currency valuation reverse

Hi All,
Foreign currency revaluation we do every month end to reverse posting of all open items i.e vendor, customer and G/L accounts and Reversal is usually done for the next day which falls into next posting period. when do this steps I made a mistake, T-code FAGL_FC_VAL
under Posting Tab
the document date and posting date is 31.10 and by mistaken Reversal posting date I given 01.08 (instead 01.11), the batch was created and entries were posted. So please help me how can I reverse this posted entries? once reversed then, I can do the Revaluation again with proper date.

Hi,
I tested same Scenario in our test client to reset. The system reset all documents but when I try to post again in FAGL_FC_VAL with correct reversal posting date, after execute the system says List contains no data. Then I checked in messages, those document already valuated with valuation are 01 on 31.10.2011.
How can I reverse on the proposed reversal posting date? Please suggest.

Payments in foreign currency

hi
when payments made for foreign currency transactions, what postings are made to balnce sheet adjustment account for foreign vendor? how is this account adjusted after payment is made so that true reflection of vendors can be reported.
tx

Hi,
When the revaluation program is run (normally during month end), the foreign currency transactions will get revaluated and the loss/gain gets posted to the B/S adjustment account.
If the program, in the above step, was run with the "Reverse posting" indicator marked, the documents created in the above step would be reversed automatically on the 1st day of the next month. Thus the adjustment account gets set off.
If the "Reverse posting" indicator was NOT set, then during the invoice payment, the adjustment entry (from the first step) gets reversed. In the payment document you can find an additional entry that sets off the B/S adjustment account.
Hope this helps.
Regards,
Mike

FB60 entry in foreign currency

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