Foreign currency Process

Hi,
I want to know the Foreign Currency valuation Process, After configuration, what is the process we need to do in Easy Access upto it will effect in the Balance Sheet.
Pls give me one example with amounts
Also the difference of F-05 and F.05
URGENT
Rgds
sunfico

Hi sun,
T.code:F.05 Select open items Tab, Select Valuate customer open items option, you will enter costomer number, Reconsultation a/c, Document number also. Under postings Tab, entered Document date and posting date also. Check OB59 EXchange rate type, F.05 under G/l account Tab Exchange rate type is same 'M' Type. now i am try my system it's ok for me every thing is good.
It is useful assign points
Regards
GVR
Hi sun,
T.code:F.05 Select open items Tab, Select Valuate customer open items option, you will enter costomer number, Reconsultation a/c, Document number also. Under postings Tab, entered Document date and posting date also. Check OB59 EXchange rate type, F.05 under G/l account Tab Exchange rate type is same 'M' Type. now i am try my system it's ok for me every thing is good.
It is useful assign points
Regards
GVR

Similar Messages

  • Bank Reconciliaiton and Clearing Process of Banks in Foreign Currency

    Dear all
    Can you please help me out in this process? My client has a bank account managed in USD and his Local Currency is in EURO.
    Payments are made to a supplier in USD at an established exchange rate. The bank reconciliation (manual) is then processed on a later date with a different exchange rate - the rate in the system.
    The client is then clearing the Vendor Payments with the Bank reconciliation posting. This in turn posts a clearing document as well as a realised gain/loss on exchange. The clearing of the Payment with the invoice also takes place as a further process with a further gain/loss on exchange created. 
    The client is saying that in the case when clearing Payments with the Bank reconciliation for foreign currency the posting should not create a gain / loss on exchange.
    Can you please help? Is the process correct? They can update the foreign exchange rate in the table when posting the bank reconciliation to be more or less equal to average exchange rate of payments but this is not practical.
    Is it possible to someway define the exchange rates during manual bank reconciliation or avoid the creation of an exchange rate division?
    Many thanks
    PRG

    Hi PRG,
    When the Invoice has been made at a different rate and payments are being processed at a rate different from the Invoice, system is bound to create the additional line items for gain/loss on forex.
    One option you can look out for is in the OBY6-Company code global settings-Select the check box Indicator: No ex.rate difference when clearing in local crcy.
    Thanks
    Aravind

  • 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,

  • Item Standard Cost for foreign currency purchase order

    Hi there
    I have a question about
    We have foreign currency purchases of USD which is fixed in USD.
    Currently, we are converting this into AUD and entering this as the standard cost.
    But if the currency rate is changed, we need to adjust the standard cost of AUD even though the price of USD is still the same.
    Does Oracle have standard functionality where we can enter the USD purchase price into the system and have the system rate convert it to AUD whenever we have a new exchange rate?

    Hi,
    my solutioning would be
    1. Create an Org where in item cost is maintained in US$, and perform no material transactions in this Org.
    2. Use the prog 'Copy Item Costs Across Organizations', to copy the cost from US$-Org to AUS$-Org using any conversion rate as defined (Corporate, or average etc)
    Use this process on regular basis so that you have the latest coversion and cost rate.
    Regards
    Adarsh Krishna

  • 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

  • Foreign currency valuation for GR/IR clearing account is repeatedly posting

    While executing foreign currency valuation (program SAPF100) through T code F.05 the following fields are selected for the spotted rate valuation for currency type 10.
    A)     Valuate G/L account open items
    B)     Evaluate  GR/IR account (GR/IR clearing account is selected)
    C)     Valuate customer open items  
    After execution the valuation postings are repeated  in GR/IR FC valuation Balance sheet adj account while the postings in other accounts occur only once.
    GR/IR FC valuation Balance sheet adjustment account is configured in OB09 for GR/IR account for respective currency type and local currency.
    What could be the reason for repeated postings in FC valuation account?

    I think there is some issue with the process, normally vendor/customer reconciliation account or some liability assets related account which has impact due to foreign currency rate changes needs to be revaluated. I don't understand why you have set up foreign currency valuation for GR/IR account, these are intermediatory account which reflects in system between for example GR and IR.
    I also think that you need more information on foreign currency valuation, basically it happens on a particular key date and gets reversed on key date + 1, because revaluation is only required on a key date for reporting purposes. on the next day it get reversed and actual loss or profit on foreign currency only gets booked on realization.
    Hope this helps!!!
    Murlidhar Khatri

  • Clearing foreign currency payments against local currency bank account

    Hi all
    We have foreign currency invoices (eg in USD, EUR) and would like to pay these from a AUD domestic bank account. Is this common practice or does the client need to enter such invoices in their external bank specific terminal to process such payments if they have a domestic currency bank account.
    How does the Electronic bank Statement (which is in AUD) clear these foreign currency invoices (EFT clearing account or suspense account). I presume we would have to post to a suspense account clearing and then do a manual post with clearing after loading the bank statement.  However, the amounts do not balance to zero as i cannot clear items off as they are in different document currencies as noted below.
    INVOICE
    cr vendor  100USD   200AUD - cleared by payment program
    dr expense 100USD   200AUD
    PAYMENT PROGRAM
    cr Sus clg 100USD   210AUD
    dr vendor  100USD   200AUD - Cleared by payment program
    dr FX g/l    0USD    10AUD
    ELECT. BANK STATEMENT
    dr Sus clg 205AUD
    cr Cash    205AUD
    What would be the standard approach for such postings from an SAP bank accounting functionality point of view.
    Is there a better way of design the above payment process.

    Hi,
    this is a hard task.
    You have to play with the GL account master data. See documentation for field "Only balances in local crcy". It is quite good described for the clearing in foreign currencies.
    Also I have some doubts that there were settings in FI for foreign currencies clearing, but I have never customize it.
    Hope I helped you (if so... points reward would be highly appreciated )
    Regards,
    Alex

  • 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

  • F110 - Payment in foreign Currency

    Dear Experts,
    We have a strange case, and requesting the SAP behaviour for this case.
    The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
    As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
    But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG 105
    I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010.  Paying in EUR is rarely happens.
    Awaiting your kind reply.
    Regards,
    Francis

    Hi Sayeed,
    As far as I know we don't need to maintain the direct relationship between SDR vs EUR as the system logic for currency conversion is from Document currency to Local currency and Local currency to Payment currency.
    We hadn't had such issue before, we are facing after we upgrade to ECC 6.0.
    Please refer to this note, I guess it is a bug in program. Refer Note: 1413445.
    Regards,
    Francis

  • Vendor return Excise Invoice through J1IS in foreign currency

    Hello Experts.
    Scenario is like:
    We have two group company which are 100% EOU . and we have inter company process.
    Plant  A used to invoice  to Plant B in Foreign current e.g. in EUR.
    In case of any rejection, Plant B need to raise return Excise invoice through J1IS.. but the problem is that , In J1IS we can raise invoice in INR only. But the requirement is like Plant B also need to raise Excise invoice in same currency i.e EUR.
    Is there any method or process through which we can raise return excise invoice in Foreign currency.
    Ashwani

    Hi Amit:
    As we have two EOU unit . one EOU unit use to sale material to another unit as export sale. and do billing in EUR.
    Suppose i have to return few material back to first EOU unit, than  vendor return Excise invoice should be in EUR as it was billed to me in EUR.
    Ashwani

  • Foreign Currency Valuation not posted to GL account

    Hi,
    While I run foreign currency valuation even tick on check box of Create Posting button under FAGL_FC_VAL it show me summary report and posting tab it show me properly Debit/Credit entry on last day of month and 1st of month it become reverse as usual. But while I go through respective GL account of "Forex Unrealised Profit" and " Foreign Exchange Adjustment" account in FBL3N it does not show me line ietms result after running foreign curreny valuation. It should show the result in respective GL accounts where line items are tick in each GL accounts and valuation method I use EVR(always valuate). Why it is happening ?
    Best Regards,
    Anindita

    Hi,
    After executing FAGL_FC_VAL, do you execute Batch Input Session in SM35. If no then
    When you execute FAGL_FC_VAL you will find the field called Batch Input Session name where you have to give a name for e.g. FOREXVAL. Once you execute it then system creates Batch Input Session in SM35. So go to SM35 and select the session FOREXVAL and click on Process icon seen on the top and select Display errors only and press ok.
    Regards,
    Chintan Joshi.

  • Foreign currency payments

    Hi all,
    we have an issue related to foreign currency payments. Below a short action plan what we are doing:
    1. Import invoices through the 'Payables Open Interface Import'
    2. Validate the invoices with 'Invoice Validation'
    3. Populate the ap_inv_selection_criteria_all
    4. We call the 'Payment Process Request Program'
    5. We call 'Build Payments'
    6. We call 'Create Accounting'
    7. We call 'Transfer Journal Entries to GL'
    If we now have foreign currency payments it will not take the exchange rate from ap_inv_selection_criteria_all. Due to this data in the below tables is missing:
    AP_CHECKS_ALL - missing: EXCHANGE_RATE
    AP_INVOICE_PAYMENTS_ALL - missing: EXCHANGE_RATE, PAYMENT_BASE_AMOUNT
    AP_PAYMENT_HISTORY_ALL - missing: PMT_TO_BASE_XRATE, TRX_BASE_AMOUNT
    Due to this we generate payments, but the whole accounting will fail with 'Missing rates'
    Any one who knows which columns in the ap_inv_selection_criteria_all must be populated for foreign currency payments?
    We populate: exchange_rate, exchange_date, exchange_type
    But it seems like this is not sufficient.
    Environment:
    12.1.3 Apps
    11.2.0.2 DB
    We already have a data fix. But the issue will occur everytime we have a foreign currency invoice which has to be processed.
    Thanks,
    Kai

    Below are the columns we populate in the table ap_inv_selection_criteria_all:
    (checkrun_name,
    check_date,
    last_update_date,
    last_updated_by,
    bank_account_name,
    period_name,
    pay_thru_date,
    hi_payment_priority,
    low_payment_priority,
    pay_only_when_due_flag,
    status,
    currency_code,
    document_order_lookup_code,
    audit_required_flag,
    last_update_login,
    creation_date,
    created_by,
    zero_amounts_allowed,
    payment_method_code,
    org_id,
    checkrun_id,
    bank_account_id,
    template_flag,
    future_dated_payment_flag,
    exchange_rate,
    exchange_rate_type,
    exchange_date,
    payment_document_id,
    create_instrs_flag,
    pay_group_option,
    currency_group_option,
    le_group_option,
    ou_group_option)
    Thanks,
    Kai

  • Payment of foreign currency invoice in local currency

    Hi all,
    PO is created in USD and thereafter GR and IR done.  The payment of this invoice has to be done in
    local currency RUB.  In invoice the currency field is not open for change and hence payment in
    local currency cannot be generated.   How to make payment of USD invoice in RUB ?
    Thanks in advance.
    Regards,
    Sadashivan

    Dear Experts,
    We have a strange case, and requesting the SAP behaviour for this case.
    The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
    As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
    But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG - 105
    I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010.  Paying in EUR is rarely happens.
    Awaiting your kind reply.
    Regards,
    Francis

  • Clearing of foreign currency documents in different posting date

    Hi guys:
    I have encountered an issue on the foreign exchange clearing.
    Example given as below Accruals was made on 31 Aug 2008 (Cr Balance), when the invoice is received on 25 Sept 2008, this transaction will be reversed (Dr Balance). And we need to trigger the clearing/matching process. The document currency of the accruals was SGD, but the invoice comes in GBP. Hence, by right, when the invoice is received on 25 Sept 2008, the system should pick the foreign currency rate on this date - WHICH IS 25 Sept 2008.However, the current practice is it depends on which date we do the matching/clearing. Say, if we clear on 20 Sept 2008, the system will pick the 20 Sept 2008 date currency rate, which gives a realised gain/loss (SGD: 716.80 or USD 500.28).
    How to pick up the right currency rate we needed?
    Forrest

    Any idea on this, i can posting and clearing in t-code F-04, so i can change transaction date related to foreign currency exchange rate, but user insist on using F-03, which i can not find transaction date.
    Any useful suggestions, points will be awarded
    Forrest

  • Why foreign currency valuation is required ?

    Hi.
    I just want to clear my doubt. If we deal with foreign vendors or customers like vendor invoice is done through USD or EUR or GBP but payment is not made till now or customer invoices are done but payment is not received from them in month of August. In that case if we run foreign currency valuation of open vendor invoices and open customer invoices on 31st August it will generate accounting entry and next day i.e, 1st September accounting entry will be reversed. So my question is we have not received from customer and we have not paid to vendor, invoices are still open from customer and vendor side. So if we run foreign currency valuation what will be its actual effect  in the business and if we not run foreign currency valuation what are the problems may arrises because later if we pay to vendor through foreign currency then actual loss / gain effect will arrise in our business scenario.
    Kindly give me reply.

    hi
    As part of the period end process, and in anticipation of creating a period-end financial statement, all accounts held in foreign currency and all foreign currency open items must be re-valued at the period end rate. There are two tools within the SAP ERP Packaged Solution for this purpose:
    Foreign Currency Revaluation u2013 Balance Sheet Accounts: The program selects every balance sheet account, typically cash accounts, that is held in a foreign currency and re-values the total balance at the currently valid rate.  Any (sterling) exchange rate difference is posted to a realised gains/losses account.
    Foreign Currency Revaluation u2013 Open Item Accounts: Open item accounts managed in GBP, such as debtors and creditors, may contain foreign currency transactions. The program will individually revalue each open item to determine an overall unrealised foreign exchange gain or loss position.  The realised exchange rate gain/loss is posted when the transaction is cleared.
    It is a statutory requirement  to meet hte FAS52 and GAAP requirements
    thanks
    Srilaskhmi

Maybe you are looking for