FF67 and foreign currency

Hello,
in FF67 I enter the FC and the FC amount, but in the GL posting the FC amount is not taken as the document currency (for outgoing payments).
In the master data of the GL account i deflagged the check mark for 'Only balances in local currency'. So according to me that is not the reason.
Can anyone assist me?
Thank you in advance.
Leen

A related question:
We execute the payment run for an invoice in FC. This document is posted with the FC as the document currency. But as you said before the bank statement is only posted in LCY. So during posting of the batch we always need to intervene manually to indicate the line(s) of the payment run anf to post the FX differences. Is this a normal procedure?
Thank you.
Leen
Edited by: Leen Debrabanter on May 10, 2011 1:53 PM

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Nonleading ledgers and foreign currency valuation

HI all,
we are in ecc 6.0 and using new gl.
Do you need to carry our foreign currency valuation in no leading ledgers as well
if you have any .and this non leading ledger is used as there is a company code in foreign
country.???
any inputs are welcome please.
Thanks,
Sai.

What is the need for parallel ledger in the new GL concept?
There are up to 4currencies available within the Leading Ledger:
Transaction currency
Company code/local currency
Up to two parallel reporting currencies as assigned in FI
The strategy with regard to the technical mapping of parallel financial reporting (parallel ledgers in general ledger, account solution, company code solution) is that the your requirements determine whether parallel general ledgers or the account solution is more appropriate with only one leading general ledger. There could significant disadvantages caused by the high proportion of manual postings.

OSC and foreign currency / euro regulations

I have the following problem in OSC;
If transactions are in a currency, other than the internal functional currency, TRANSACTION_CURRENCY_CODE and EXCHANGE_RATE are required attributes in the COMM_LINES_API table. (11.0, 11i-versions)
I'm puzzled by the EXCHANGE_RATE.
It seems
a) technical superfluous; the exchange-rates are allready defined in the currency domain.
b) functional undesirable; how should an external transaction-source know what the functional currency (and thus the right exchange_rate) in OSC is at the moment that the transactions are going to be loaded?
c) in violation of the euro-regulations, though Oracle claims that applications are supporting all euro-requirements from release 11 and up.
Some of these rules are (don't blame me, I did not invent them):
 Conversion rates may be expressed only as one euro in terms of each national currency.
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 Monetary amounts to be converted from one national denomination into another shall first be converted to euros and then converted to the other currency.
The first two rules are violated when I load an euro-transaction in my dutch guilders database : I have to put an inverse exchange-rate on the interface.
The last rule is violated when I load a D-Mark transaction in my dutch guilders database; my exchange-rate on the interface is the direct conversion-rate between DM and NLG.
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Maybe I can make him or her the owner of this problem. . .
Regards,
Remmelt Veenstra
null

Exchange_rate is a value that we collect from AR or OM. This is the rate that we use to convert to the functional currency.
The exception is a MANUAL trx. In this case, we do the lookup to the GL API's using currency code to establish the appropriate daily rate.
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null

Report to retrieve balance sheet accounts in foreign and local currencies?

Hello,
I have question regarding the availability of a report in SAP. I am wondering if a report exists in SAP to retrieve the total outstanding balances on any given date for all the balance sheet accounts (including GRIR trade) in both functional and foreign currency.
I am currently using the FAGLL03 to do this but the problem is that this report is timing out when I select too many accounts.
Does anyone know if such a report exists in SAP (besides the FAGLL03 which takes too long to run)?
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Hi
A quick way is to run FAGLL03 in the background as a scheduled job.
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Automatic clearing for document posted via FBB1 with foreign currency

Hi SAP Gurus,
Can anyone help to explain on why does the document posted in FBB1 with document currency USD was auto cleared even without satisfying the rule in OB74. But when the document currency is SGD it can be automatically cleared.
Scenarion is as below
OB74 set up:
   Accty type: S
From acct: 12000
To account: 12000
Criterion 1: Business area
Criterion 2: Assignment
G/L account : 12000
Account currency : SGD
Post JV document via FBB1:
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     Cr 20000
     Document curreny : USD ; amount: 0
     Local currency: SGD ; amount: 200
     Assignment: Test A
     Business area: 'blank'
*When I run F.13 above document was cleared and the clearing doc contains below
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       Cr 12000
But when I post in FBB1 with same entries as above, only changing the document currency to SGD it will not be cleared via F.13.
Appreciate your explanation on why does above scenario happened.
Thank you in advance.

HI,
while posting the entry through FBB1 then system will not consider the exchange rates as per ob08 and etc.,
you can define the local and foreign currency values as per your wish while posting the FBB1.
I hope above will clear you issue. Thank you.
Reg
Madhu M

Testing conversion between reference and local currency...

Hi,
I am working on exchange rate configuration. If we define exchange Ref currency in the table for defining exchange rate type, SAP says that if we are using multiple currencies then we need not feed translation rates between each and every
currency but just between reference currency and foreign currencies.
I am using 3 foreign currencies (X1,X2,X3) and one local or reference (BMD) currency.
I have defined the translation rates between (X1 -> BMD, X2 -> BMD, X3 -> BMD). Now I want to test if translation between X1 and X2 takes place
correctly or not. How can I test this ? How can I prototype this in afunction module ?
Regards,
Rajesh.

Hi,
Use the FM:
<b>READ_EXCHANGE_RATE</b> Retrieve exchange rate on a particular date
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Reward if helpful.
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Sipra

Incoming Payments Bill of Exchange in Foreign Currency

Hi,
I am currently in SBO 2005 SP01 PL:39; and have tried pretty much many combinations of trying to pay a AR Invoice with a foreign BP and with a bill of exchange.
i would be grateful for anyone that could shed some light over this issue, as the error I get is:
Cannot pay with bill of exchange and foreign currency - the euro being the machines local currency and US dollars the foreign currency
Regards
Vivek
Edited by: Marc Riar on Jan 22, 2008 12:05 PM

Nagesh,
Thank you for your suggestion, but I have checked the multi-currency bit, and it isn't that.
The reason for this is that there has been made no way of working with foreign bill of exchange in the spanish localization for some legislation issue.
Thank you,
Vivek

Multiple currencies, Foreign currency valuation

Hi All,
How to configure multiple currencies and Foreign currency valuation.
I would appreciate if somebody briefs on this topic.
Thanks
Dev

Dev
See if this helps
http://help.sap.com/saphelp_erp2005/helpdata/en/7a/4c3d494a0111d1894c0000e829fbbd/frameset.htm
http://help.sap.com/saphelp_erp2005/helpdata/en/96/8b331243ce11d189ee0000e81ddfac/frameset.htm
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Sat

Regrouping , Foreign currency valuation

Hi All,
Can anyone explain the use of regrouping(F101) and foreign currency valuation (F.05) ?

Hi Manisha,
Please find below mentioned the functionality of the reports.
F.101-This report groups the receivables and payables according to a required
list, for example, the "EU Guideline No. 4", and carries out transfer
postings.
Additional adjustment postings are necessary in the following cases:
o   Customers with credit balances and vendors with debit balances
o   Changed reconciliation accounts or partner (affiliated company)
o   Display of investments
All accounts that are managed on an open item basis are taken into
account.
Sorting of items:The decision as to whether an account is sorted according to receivables or payables depends on the financial statement value of an account. This is the balance of the account per reconciliation account and remaining
life. If several accounts are connected by the same trading partner, the joint financial statement value of the account group created determines
the type of sorting. If the balance is positive, the account is sorted
according to receivables, if the balance is negative, the account is
sorted according to payables. You define the sort methods required in
Customizing.Alternatively, several accounts can be summarized in a group whose joint balance is used for sorting. The definition for the corporate group is
used as group definition for customers and vendors. For G/L accounts,
there is a separate field in the G/L account master record.
For credit memos with an invoice reference, the due dates are taken from
the invoice.Vendors with debit balances and customers with credit balances are
determined separately for each point in the sorted list, since only
items with virtually the same remaining life may be balanced with each
other.
The documents are totaled under the current reconciliation account of
the customer or vendor master record. If the reconciliation account is
changed, the amounts are transferred from the old reconciliation account to the new reconciliation account.
Investments: In some countries (for example, France), investments must be displayed separately. You use parameters to select this additional display. The
investments are then displayed as a total per reconciliation account and
transferred.
Postings
For every transfer posting created, a reverse posting is also entered in
the session. For reconciliation accounts in the customer or vendor area,
postings are also made to an adjustment account.
If you use a target company code, all items are summarized under the
target company code and then processed. The company codes selected must
be managed in the same currency however (for example, local currency,
group currency).
If you use an alternative valuation area, account determination for the
transfer posting is carried out from the valuation area selected.
==========================================================
F.05- This program carries out the foreign currency valuation.
The following items/accounts are valuated:
o   Open items
o   Foreign currency balance sheet accounts. This means G/L accounts
    that are managed in a foreign currency.
You have the following options for the foreign currency valuation:
o   You can carry out the valuation in local currency or a parallel   local currency (for example, group currency).
You can use different valuation methods (for example, HGB or US
GAAP).
e result of the valuations can be stored per valuated document and
sted to adjustment accounts and P&L accounts.
ation process
lection
Open items:
The customer, vendor, and G/L account open items on the key date a
read and balanced by account or group and currency.
G/L account balances:
Reconciliation accounts and accounts managed on an open item basis
are not valuated. P&L accounts are only valuated as required: See
also: "FASB 52 Translation".
Grouping
The documents or balances are balanced by currency and account (or
group/valuation group). The exchange rate type for the valuation is
determined from this balance.
Valuation
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    invoice reference or account/group.
    If the result does not correspond to the method selected, for
    example, if a profit arises using the lowest value principle, no
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o   G/L account balances:
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    date. The valuation difference determined is compared with the
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Hope this helps. please assign points.
Rgds
Manish

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 report

hi friends
our client is indian . have more than 20 compnay codes under one client each company code maintain the inr .he want foreign currency reports . how to conver form inr to foreign currency reports(usd,euro)
pls explain with settings very urgent
regards
shiva

Hello
When you post a document in foreign currency, the system stores the amount in both local currency and foreign currency in each line item. The system checks whether the currency key has been defined and is therefore permitted.
Foreign currencies are needed, for example,
To post and save receivables and payables in foreign currency
For handling payment transactions in foreign currency
Managing accounts in foreign currency (foreign currency balance sheet accounts)
Carrying out the consolidation and reporting for groups.
In the line items, all amounts are saved in both currencies. These include the posting amount, tax amount, and cash discount amount.
Prerequisites
You have made the following specifications in the Implementation Guide under Global Settings:
Currency key for each currency
Number of decimal places (if you do not require the usual two decimal places)
Local currency per company code
Exchange rate between local and foreign currency
In the master records for the G/L accounts, you have to define the currencies you can use to post to that account.
If exchange rate differences arise during clearing or valuating of items or accounts in foreign currency, the system generates postings. To enable the system to do this, you must have defined G/L accounts and posting keys.
Activities
To specify the foreign currency for your document, enter the appropriate currency key in the Currency field in the document header. There are several ways to enter an exchange rate:
· Enter a posting date and the currency key in the document header. The system automatically transfers the exchange rate valid on the posting date. Exchange rates are defined in the system.
· You can also enter the exchange rate directly in the document header via the currency key and exchange rate fields.
· Enter a translation date in the document header. The system then automatically takes the exchange rate valid on this translation date.
The valid exchange rate is the one entered on the posting date or on the translation date, or the rate entered at an earlier time. For example, if you post a document on August 25, but the last exchange rate in the system setting is from August 22, the system uses the exchange rate from the entry on August 22.
You can enter the amount in each line item in both local and foreign currency.
You can enter documents in any foreign currency for which a currency key is defined in the system. If you manage a G/L account, for example a bank account, in a foreign currency, you can only post documents to this G/L account in the account currency, that is, the foreign currency.

Foreign Currency Valuation Config

< MODERATOR: message locked. if you have a specific problem, please ask. but if you want someone to provide an entire book worth of knowledge, and do your job for you, go somewhere else.>
Hi All
I need to know all the config steps required for FCV even which GLs are required ? Is is foreign currency Loss a/c and foreign currency gain a/c or separate for realised gain/loss and unrealised gain/loss ?
I am confused between these GLs and their use . Please guide ASAP
Thanks

Hi
In GL FCV u can use Exchange Gain a/c and loss a/cs
this is used for like secured l;oans.u can assign these accounts in t code OBA1.
And relised gain and relised loss accounts are used for vendor and customer FCV.
Prasad.

How to create Sales order and Invoice in Foreign Currency

Dear All,
What are the procedures I have to do to create the sale order and Invoice in Foreign currency.
Is it enough if I maintain the currency in the Customer Master and Excahge rate OBBS.
or
We have to do someting in the Sales order (Change the currency document header level)?
Kindly explain.
Regards,
Mullairaja

Dear Mullairaja
Under customer master you can maintain currency eg. usd, eur etc. that will do.. (hope you have maintain diift. Dist. Channel for Export sales and maintain Recon A/c for export revenue.) This will copy to Sales order.
Under t.code OB08 we maintain the Currency Exchange Rates which will help for copying control.
Under Displaying Billing document - Accounting - you can click on Display Currency Tab, here you will understand the rate conversion i.e from USD to INR.
Thanks & Regards
Hrishikesh K

Any SAP report to capture Foreign currency Inflow and outflow

Hi Guru
Any report available which can provide Inflow and Outflow amount in a Company code in Foreign currency.
Account recievable report+ Account Payable report
I was thinking of using BSIK/BSAK and BSAD/BSID tables for this.
Report shud have these columns
For Each Vendor and Customer >>>>>>
Opening Balance This month Debit This month credit
it is to get closing balance..
please advise.........if no standard report than any logic will also be welcomed.
Edited by:
Edited by: AJeet N on Sep 14, 2010 1:27 PM

You can also try out the report HINUACRP.
Regards,
Santosh.

Z5A German Foreign Trade Report and company currency not Euro

We recently create a German company with USD as local currency and group currency, Euro being only the third currency.
There is an issue with the German foreign trade regulation reports (Z5E - RFAWVZ5A) that is a legal report for the authorities and that normally distinguishes postings made in Euro from those done in another currencies.
As the local currency of the company is the US dollar, all the postings whatever the currency of the posting is are in the samee column 888, there is nothing in the column 899.
Do you know how it would be possible to get the right result, postings in Euro in the column 888 and other postings in column 899 even if the company currency is not the Euro??
thanks in advance
Frédérique

Hi,
You have the answer in the following forum thread:
Re: Changing Currency of one Company
The best way is in fact to create a new entity and then operate all steps mentioned in this thread.
Not very complicated, but you should test that on your test environment first, or at least backup all your records, in order to safe-guard the process.
Hope this will help.
Kind Regards,
Patrick

FF67 and foreign currency

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