Foregin Currency
When I create a PO while using EUR as currency, I get message
Pricing/euro: Attention: Euro Customizing not maintained
Diagnosis
The EURO currency table (EWUCURRS) could not be set up.
Procedure
Check EURO Customizing (see OSS note 91481 and 135661).
I went through the notes but could not really understand what's exactly required to be done.As it mentions several notes in one note.Also these notes talks about older versions.
I am using ECC 6.0
I am getting this error only sometimes.May be when am not using European currencies.
What is this message basically and what needs to be done exactly.
Note talks about many things in one thing like maintaining EURO/EURX so on and so forth.
According to me the note confuses a lot than helping.
Can anyone suggest what is to be done and what is the severity of this message ?
Thanks in advence
regards,
Hi,
Go to OBBS and maintaion the ratio between two currency and save it.
In T.Code:OB08 maintaion the Conversion factor for both the currency and save it.
Example: 1EUR=75INR,(From EUR to INR)
and 0.013EUR= 1INR, (From INR to EUR)
Did u tried? what is the result?
If helpful then reward and close it.
Regards,
Biju K
Message was edited by:
Bijay Kumar Barik
Similar Messages
-
Hi guys,
what is foreign currency revaluation?
what tcode do we use for it..
what is the use..
thanks
sri..Hi,
Foreign currency is the currency other than company code currency.
To carry out foreign currency valuations in accounts managed on an open item basis, you define account entries for valuated exchange rate gains and losses for each reconciliation account in subledger accounts.
The tcode is f.05.
Thanks
Kalyan -
Hi,
Can any of you let me know what is the difference between the following two transactions?
F.05 and FBB1.
Thanks,Hi,
In our place also we have not implemented New gl,When i try to open this tcodeF.05 it is showing NEW GL should be implemented.
When new gl is implemented then this way it works
Basically the purpose of the technical transaction code FBB1/F-05 is the posting of "adjustment" documents in specific (local) currency types within the processing of the period closing programs. This means that the transaction code should not be used for 'usual' postings manually/online. In context of the valuation processing it is required to create valuation postings referring to the transaction currency from the selected original foreign currency open items and balances. Accordingly transaction FBB1 is able to create documents also with an expiring currency key if necessary because the transaction currency of the valuation postings is referring to the transaction key of the valuated item or balance.
Addition, the functionality of the expiring currency is designed to help the users to avoid wrong postings in their normal business. This includes the normal posting transactions. FBB1/F-05 are not normal posting transactions.
regadrs,
Santosh kumar
Edited by: santosh kumar on Dec 17, 2009 3:44 PM -
Foreign Currency Difference is not getting posted.
Co. Code Currency is EURO, but the document is posted in USD and when the payement is made thru F-53 in EURO, the system shows that difference is too large to post.
Invoice in USD 1629
payment made in Euros 1225
Generally the tolerance the limit is set for 1% or max 5%, but since in this case the difference is much large......... is changing the tolerance setting for vendors and customers at Co Code level is the only way to solve this issue??Hi,
I am not getting whther you defined all the currencies and exchange rates in table TCURR,did u checked and if its correct then u have the alternative is foregin currency valuation.let me know
REgards,
SAtya -
Foreign currency valuation process.
Hi Gurus,
I need some help on foreign currency valuation. Can any one explain the in detail the process of month end open item valuation. I need to valuate an open item account which is in JPY and the company code currency is HKD and group currency is USD. I have to perform both remeasurement(transaction currency to functional) and translation( functional to Group). I need step by step guidance.
Thanks in advance,
Prashanth.hi,
for valuating foregin currency valuaqtion, you need to prepare
1. automatic postings for foregin currecny valauation(FCV) by to code. oba1- double click on exchange rate key and assign the relevant chart of accounts and G/L accounts.
2. after that you have to create valuation methods in OB59
assume you have posted invoices with foregin currency,
enter the present currency rates in exchange rates, then run the FCV in f.05, after executing select the posting button, it will process the posting.
thing is you should decide whether it is year end or monthend.
let me know further clarifications,
regards, -
Hi,
foreign currency rounding.
if i make advance payment to vendor 100000 GBP(69), after i booked invoice 150000 GBP(72) then i clear the advance payment 100000 GBP to invoice amount. now i am making final payment to vendor. at the time of 50000 GBP (74) payment to vendor. in bank charges in local currency i put the charges 10000. service tax at the rate of 10.3%. whenever i am simulating the netry system gives the foreign currency fluctuation in to fractions. like below how to roundoff the gain or loss.
entry is
3000001 ESAB UK LTD 10,800,000.00
3000001 ESAB UK LTD 7,000,000.00-
4021980 Bank Charges 10,000.00
4021360 Foreign Exchange Flu 449,999.16
2083500 Service Tax Receiva 999.78
2083510 Edu Cess On Service 20.25
2083520 SHES On Service Tax 9.75
2071002 AXIS bank HO Outgoin 3,761,029.50-
3020120 Foreign Exchange Gai 499,999.44-
please advice mein normal business scenario we may have some transctions which involves foreign currecy, like L/C, B/E, as you are aware currencies are always flactuate with other currencies, to resolve this we need to revaluate the foregin currency transactions, to do this we need to create valuation methods, configurations for preparing automatic postings for currency valuation.
by t code FA_GL_Val we can do the valution.
regards, -
Original document for foreign currency valuation.
Hello All,
I have executed the foreign currency valuation run and posted the documents through batch job. System has successfully created and posted foreign currency document.
When I am checking the posted document I found there is some wrong posting has been happen for which system has posted a huge exchange rate difference amount.
when I tried to check the original posting related to this posting through Environment -> Document environment -> original document, system is not navigating me to the original document instead it is showing same posted document.
Can you please let me know how to check the original document related to the document posted through batch job of foreign currency valuation.
Regards
RSHi,
In that screen itself, select the Document---->other Document. In that give the Orginal Document Number, then it will display the orginial document with foregin currency and local currency.
Regards
Sudharsan.R -
Different currency bank account
Dear all,
May I know what is the impact if only have local currency bank account as compared to foreign currency bank account in addition to local currency bank account.
if i have invoice in foreign currency say USD and also local currency, should i have both usd and local currency bank account or only local currency bank account. what is the impact for both scenario?
thanks
rgdsHi,
Foreign Currency bank accouns are only maintained when there is surety of transaction being posted only in one foreign currency. For eg. if you have foregin currency bank account i.e. USD then you will not be able to post in any other currency.
Business Case: Indian company has a Bank Account in US to recieve collection for the sale made in US and also used to make statutory payment in USD then it is wise to keep that bank account in foregin currency.
Regards,
Chintan Joshi -
Upto now we used to pay the FOREIGN vendors via BANK transfer using the HouseBank01 while the domestic ones via Check.
The company decided to pay from now on via Bank transfer and the domestic vendors BUT using a different HouseBank02.
Is it possible to use the same payment method for both domestic and foreign vendors ? In this case HOW the HouseBank determination in F110 will decide which bank to SELECT for a domestic and foreign vendor ?
Or should i define a new payment method for the domestic ones.
Thank you in advanceIf the documents raised on foregin vendors are in foreign currency, then you can achieve your objective with one payment method for both foreign and domestic vendors using 2 different house banks.
Make sure of following points in such case:
in FBZP
(1)In Payment Methods in Country -> Currencies Allowed -> Add both local and foregin currency or leave that totally blank so that all currencies can be allowed
(2)In payment methods in C Code, Foreign Currency allowed is ticked
(3)In Bank Determination, use the appropriate different currencies for domestic and foreign currencies when configuring the house bank accounts for the same
If above steps are taken care of, then a document raised on foregin vendor in foregin currency will pick housebank 2, and a document raised on domestic vendor in local currency will pick housebank1
Hope that helps....
Award points if useful
Thanks
Kishore -
Different Exchange rate in MIRO
Hello,
MIRO is being done in foregin currency (PO was also in foregin currency), but during MIRO, user wants to give his own exchange rate, instead of that being picked up system, since for these MM invoices, the physical billls which they are getting are using different exchange rate, hence user wants to enter such a rate, which will equal the amount being present in the physicall bill..
How is it possible (or) sggest best practice for same?
Thanks
ballaHi Balla,
To change exchange rate in MIRO, follow the following process:
1) Go to MIRO
2) Enter Invoice date, Reference and change the currency to USD
3) Go to details tab page and enter the rate that u require
4) Enter the PO no and press enter and proceed as usual.
Kindly note that once u put inthe PO no and press enter the ex rate field in details tab becomes uneditable.
Regards,
Kiran -
Hello,
I have such problem : info record is in foregin currency and PO is in local currency so condition in PO are recalculated from foregin to local currency. So in condition we see exchange rate and we want print this exchange rate on form to supplier. Where ( not in EKKO-WKURS ) this exchange rate could be found ?
thanks for helpHi
This exchange rate can be found in table KONV , field KKURS
The document condition number to be used for this table KONV can be found in table EKKO
Thanks & Regards
KK -
hi,
I am using the standard report of S_ALR_87012168 to identify the due date analysis of customers. in that report i can't get the amount in foregin currency. only local currency amount is displaying. when creating a invoice we enter both local currecny amount and foregin currency amount why can't we get both fileds in this report as well.
kr,
GayaniDear gayani premawardena ,
You can use the report and see the report in currencies other than the local currency. Just execute the report and then click on ContrlShiftF9 (there is an icon with $ and Pound symbol with a "100").
Here you can define the currency in which you want to see the report, say EUR or USD etc.
Assign points if useful
regards
Venkatesh -
LIST OF IMPORT PO..?urgent
h iguru's
can any body tell me where i can list of import PO.
whta is t.code..?
Thanks
sap-mmHi,
I am assuming that irespective of document type pr vendor no. ranage/ account group all your import POs will be in foregin currency
Another way to get an import PO list is :
Transaction : ME2N,
go to Dynamic selection, POHeader - Select currency filed and selcted value of filed NOT equalt to INR
Hope this helps
Regards
Dheeraj -
Hi ALL,
while performing BRS for a foregin currency the system is automatically picking up the exchange gain\loss.
is there a way by which this can be stopped as we are just picking the amount from in and transferring to main account.
Regards
Arvind KumarHi Aravind,
It is not possiable.
As you are maintian currency in your Account ID specifications in House bank creation system will allow to maintin that bank account in that currency only so system picking the excahnge rates and posting the diff to exchang rate gain/loss account.
Please drop a mail to SAP to know any work around to over come this issue.
Regards
Nagesh -
FC bank accnts upladed and made entries keepi both acct and loc cry same
uploaded the FC accounts (bank) in local currency (INR) without mentioning exchange rate or maintaining OB08 table.
Here for this account we kept account currency as INR instead of USD/ EUR.
After wards end users posted transactions in INR as well without mentioning Exchange rates - almost 60 entries.
Now for these entries happned by mistake (showing in INR amounts) need do Foreing currcy valuation
Is it possible?
looking for other soulution than reversals of transactions?
Edited by: barnabasjh on Jul 2, 2010 10:13 AMok
Is there any way to change the account currency to USD/ EUR from INR after posting has taken place
these are for foregin currency bank accounts which we kept in INR intially and posting done without
maintaing the table OB08 or provding exchange rate
kindly update
Edited by: barnabasjh on Jul 6, 2010 11:31 AM
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