Foreign Currency Revaluation for GR/IR Account problem

Hi all,
- SAPF100 programme was run for Dec 08 for GR/IR Account
- But when I run FBL3N for open items to Dec 08 for the GR/IR account and do a reconciliation between the two there seems to be a number of line items that have not been revaluated at all....can anyone help me in explaining this or can some one help me by sending me some good ideas on how I can investigate further and resolve...any help will be greatly appreciated.
Many thanks-
Shem

Check the table T030H to see the current settings for Currency reval for GR/IR account - Check the account # mentioned in the Unrealized Gains/Loss field besides the offsetting account. Based on your definition, it looks like the offsetting account is not the same as the GR/IR account. Check the postings made in the offsetting account, and you can see the entries, created by reval over there.
Nandita

Similar Messages

Foreign currency revaluation for GR/IR account

Hi Friends,
Need your help. My client is facing the below issue.
he is facing issue with transaction F.13 automatic clearing of GRIR account for company code XXXX.
The problem is that the system is reversing the Foreign exchange amount posted in December 2010 and posting it as realized Foreign Exchange, therefore GRIR account is not beeing valuated with USD convertion at the month end closing.
Could you please throw some light on this issue
Thanks N regards,

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

Does Foreign Currency Revaluation Post to an Account which is Open Item Man

Hi,
When running the FC revaluation, it is not posting to an account which is Open Item managed.
I have read somewhere that FC Reval. does not post to accounts which are OI managed or the Recon accounts.
Is this correct? If yes, what are the option for posting to an account which is OI managed?

Hello Deepak,
In FAGL_FC_VAL,the flag of revferse postings is only for "G/L account Balance valuation", not for open line items account(OPLA). and addition. and for OPLA, the system was desiged to post reversal document Auto.
In case in your countries you are not allowed to reverse year-end foreign
currency valuation postings in the following year, pls. using the Delta Logic Foreign Currency Valuation, for the details pls. refer to note:960661.
Hope the above informations are useful to you!
Best Regards,
Gladys xing

Foreign Currency Revaluation for company code with multiple currencies

My company code has the following parallel currencies:
company code currency - USD (10)
group currency - CAD (30)
index currency - USD (50)
transaction currency - CAD
When I execute F.05 for valuation of CAD open item in currency code 10, the program only posts adjustments to the company code currency 10; no postings to
index currency 50. As a result, my Revaluation document does not have balanced company code currency and index currency.
For example:
Open item                     = CAD 1,000
company code currency = USD 990
group currency              = CAD 1000
index currency              = USD 990
Revaluation adjustment = USD 5
This adjustment is only posted at company code currency; no posting for Index currency.
As a result, company code currency is USD 995 but index currency remains at USD 990.
Pls. advise corrective measures.
Thanks!

Currently, I have the following settings:
Chart of Accounts           xxxxx
GL account                    xxxxx
Currency                        blank
Curr type                        blank
F.05 calculates foreign currency adjustment based on above. I tried your proposed solution, and added new entries for currency USD and curr types 10 & 50, but still the program does not post to curr 50, only to curr 10.

Foreign Currency revaluation for GR/IR

Hi Friends,
Need your help. My client is facing the below issue.
he is facing issue with transaction F.13 automatic clearing of GRIR account for company code XXXX.
The problem is that the system is reversing the Foreign exchange amount posted in December 2010 and posting it as realized Foreign Exchange, therefore GRIR account is not beeing valuated with USD convertion at the month end closing.
Could you please throw some light on this issue
Thanks N regards,

Hello
Only balance in local currency should be checked to avoid currency differences
Thanks
Kameshwar Rao

Question on Foreign Currency Revaluation

Can anyone help me to clear this question.
Do i need to do GVTR or F.16 (Balance carryforward) for new fiscal year before perform the foreign currency revaluation for a GL account? We are using account balance method (not open item).
The reason i asking this question is because when i do the foreign currency revaluation (tcode:F.05) for a GL account on the first day of the new fiscal year (revaluation key date = first day of new fiscal year,let say '01/07/2007'), the system show 'List contains no data'. However, when change the revaluation key date = last day of current fiscal year (30/06/2007), the system is able to display the relevant data.
Thanks in advance.
CH Wong

Hi Sachin,
the question is in fact how can we tie back the postings to the original documents:
e.g. I have 1 custumer invoice. Document number 1 which through document split has received 2 profit centers.
On the first screen 1 get 1 line:
                                            original FX rate          reval FX rate
document 1 : 100 USD        ,75          75 EUR       ,80     80 EUR       5 EUR exchange rate difference to be posted
If I click on the postings button I see :
debit FX differences    3 EUR profit center 1
credit FX gain               3 EUR profit center 1
debit FX differences    2 EUR profit center 2
credit FX gain               2 EUR profit center 2
We are searching for a list that replaces the first list and looks like:
                                                                     original FX rate          reval FX rate
document 1 : profit center 1 60 USD        ,75          45 EUR       ,80     48 EUR       3 EUR exchange rate difference to be posted
document 1 : profit center 2 40 USD        ,75          30 EUR       ,80     32 EUR       2 EUR exchange rate difference to be posted
Thanks in advance for your answer.
Best regards
Sven

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

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

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

Foreign currency revaluation using customer or vendor accounts

Dear friends,
I am new to the forum and I wonder whether there is a foreign currency revaluation procedure (besides SAPF100) which can generate revaluation postings using customer or vendor accounts directly, instead of G/L accounts.
Supposedly for example, we had a customer Denmark National Bank, with id 400006A, and this account had a debit balance of 10000,00 EUR local currency, which would be 750000,00 DKK foreign currency (if for instance, the original rate was 7,50 DKK / EUR).
At the time I run FC valuation for customer 400006A, the currency rate could be for example 8,00 DKK/EUR.
Thus, the new LC amount that arises after valuation : 9375,00 EUR (which is 75000,00 DKK / 8,00).
In this way, I would have an amount loss of: 10000,00 9375,00 = 625,00 EUR.
Then, if we were to apply such customer valuation based on business area, we could probably have the following posting:
PKey   Bus. Area Account FC amount (DKK) LC amount (EUR)
17       0017    400006A 75000,00       10000,00
04       0017    400006A 75000,00        9375,00
40       0017 6910000000      0,00         625,00
In this way, customer 400006A is credited with an amount of 10000,00 EUR and balances out.
A new balance of 9375,00 EUR is created after valuation, and an amount loss of 625,00 is posted to G/L Main Loss Account 6910000000 (or to a G/L profit account in case of an amount gain).
Program SAPF100 works in a slightly different way, in the sense that it posts valuation differences in G/L accounts rather than to customer or vendor accounts directly in the way that was described above.
Any ideas or suggestions would be appreciated.

Hi Orestis,
I imagine this is correct, because for the vendors/customers, we have the reconciliation account. In the reconciliation account, we should record only the open and closed items (I can't see any process that would record foreign currency valuation differences in the reconciliation account).
Regards,
Daniel Carvalho.

Foreign Exchange Revaluation of GR/IR Accounts

Dear all,
We had implemented mySAP ERP ECC 5. We had maintained the configuration of FBKP for automatic posting for Exchange Rate Differences for Transaction KDF for the GR/IR Account.
But for revaluating the open line items of GR/IR through the T-Code of "FAGL_FC_VAL - Foreign Currency Valuation (New) ", and after giving the required characteristics of company code, Evaluation Key Date and valuation area and then in the tab of open items, we select the option of Valuate GR/IR Accounts.
Also, we had checked the GR/IR account open items as on the Evaluation Key date and we the said G/L contains the open items wherein the document currency is not equal to the local currency. Hence through this T-Code system should revaluate the GR/IR open line items.
But system is not revaluating the same.
Please suggest any other method to revaluate the GR/IR account open line items.
Regards
Dhirav Shah

Hi Dhirav,
You can use any of the following transaction codes to carry out your foreign currency valuation/posting
F-05 Post Foreign Currency Valuation
F.05 Foreign Currency Valuation
F.06 Foreign Currency Valuation:G/L Assts
F04N Vendor Foreign Currency Valuation
F05N Customer Foreign Currency Valuation
F06N Foreign Currency Val. (G/L Accounts)
FBB1 Post Foreign Currency Valn
FNSA Foreign currency valuation
GLBW Foreign Currency Valuation:G/L Assts
ABAW Balance sheet revaluation
I hope the above helps.
Do not forget to award the points please.
Regards,
Jacob

Foreign Currency Revaluation of open items in ECC6

Hello,
while running the foreign currency revaluation of GL open items via FAGL_FC_VAL, I notice that open items on our VAT account are revaluated.
the account is flagged for balances in local currency only and open item management.
I am very suprised to see this account popping up in the revaluation. This was not the case in previous releases.
How can I prevent this,
kr
Nico

Hello,
I understand that you DO NOT want to revaluate VAT accounts (which make sense).
Check if those accounts are included on FCR customizing and remove them.
As an additional check exclude them from program's variant and they will not be selected nor revaluated.
My question is how the program revaluates posting on VAT accounts if they are open item managed? Revaluation of open items accounts should need a not open item account in order to post the postings.
Regards

JVA Foreign Currency Revaluation

Hi,
We are implementing SAP-JVA for our client with New GL Active (Document Split not active). We wish to do the Foreign Currency Revaluation in JVA instead of FI using T-Code GJ91 (JVA Open Item Foreign Currency Revaluation).
As I understand, for the Unrealized Foreign Gain/Loss posting, the Cost Object that should get posted for the said UXD Loss/Gain Account should be the Original Cost Object (WBS in our case) derived from the expense line item. Hence, the Cost Object may/will vary for each line-item in the Unrealized Foreign Gain/Loss account. But the system is not picking the expense line Original Cost Object (WBS) inspite of maintaining the configurations and assignments in GJ56 for Exchange Difference Account, GJBA for assigning the respective UXD Loss/Gain and Balance Sheet Adjustment Account. Instead, while executing the Foreign Revaluation for Open Items in JVA, the system gives an Error saying that Cost Object is required for the UXD Loss/Gain Account as it is a Cost Element. When we maintain the OKB9 Default Account Assignment (Cost Center) for the Unrealized Foreign Gain/Loss account, then the Error is not there but the Cost Object is the one maintained in OKB9. Ideally it should be the Cost Object of the expense line item.
However, if I create the Unrealized Exchange Loss/Gain Accounts without Cost Element (example 6210720-Loss and 6110820-Gain), and assign the respective settings in GJ56 with Cost Element GL (6210710-Loss and 6110810-Gain), I still cannot post the UXD since the Program picks T8JK-COSTS which has GL Accounts with Cost Element and thus requires a Cost Object. The Balance Sheet Adjustment Account is though picked from T030H-LKORR in all cases.
We have implemented the SAP Note 998431 to enable GJ91 posting in New GL. I can see many other SAP Notes on the related issue but am not sure on which is the aappropriate note to be applied, if any.
We wish to process GJ91, GJNO and GJ90 in JVA in respect to Foreign Currency Revaluation. We wish to get the postings to Original Cost Object for all Exchange Difference related postings. Kindly suggest and recommend the relevant procedure and appropriate guidance to get things working.
Kindly revert back if you need any further clarification or information.

Hi Amit Agarwal,
I have a situation now, very similar as yours.
We wish to get the postings from IVA to Original Cost Objects at JVA.
Now the system brings just one Cost Object for IVA and all the other lines are without cost object splliting.
We really need the split and we are with New GL.
Could you help us?
Thanks a lot for your help.
Dante Souza

F.05 foreign currency revaluation

Hi All,
Please any body suggest me how the foreign currency revaluation works.
Once we run F.05 transaction means what it will do and which items it will pick and where it will post, and what is the realised gain and unrealised gain vice versa loss.
And why the tcode fb1s and what it will do.
I have one item there is no value in document currency and there is value in local currency2. due to this item there is a inconsistancy balance in F.08 GL balances, how can i correct it.
For knowing the above things please any body explain the process of foreign currency revaluation f.05. And appreciate if suggest the answer for the above issue.
Thanks in advance
Nandha

Hi Expert,
Please any body suggest me how the foreign currency revaluation works.
This link will explain foreign currency revaluation works.
http://help.sap.com/saphelp_erp60_sp/helpdata/en/91/5ac4402418742ae10000000a155106/content.htm
http://help.sap.com/saphelp_dimp50/helpdata/en/a6/004940f0030272e10000000a155106/content.htm
Once we run F.05 transaction means what it will do and which items it will pick and where it will post, and what is the realised gain and unrealised gain vice versa loss.
http://help.sap.com/saphelp_46c/helpdata/en/a1/61b60c142b11d3a6710060087d1f3b/content.htm
And why the tcode fb1s and what it will do.
u2022 This transaction is used to clear open item managed general ledger accounts.
A similar transaction exists for customer and vendor account clearing.
u2022 If you have numerous items to clear, and prefer to deselect those that should not be included in the clearing document,
click and deselect Selected items initially inactive checkbox.
The transaction will then start with all items active (i.e. selected for clearing).
u2022 You can clear multiple items in one posting. The only requirement is that the sum of debits and credits equals zero, meaning the clearing document is balanced.
Field Description Tables
The R/O/C column of each Field Description table indicates whether the field usage is:
R - Required in SAP.
O - Optional in SAP.
C - Conditional in SAP.
Procedure
1. Double-click on Clear Open Items to go to the Clear G/L Account: Header Data screen.
2. Complete/review the following fields:
u2022 Account
u2022 Clearing date
3. Perform one of the following:
If Go To
You wish to specify a selection value range by selecting the options in the Additonal selections panel.
For example, you may only wish to review items which have posted in the previous month.
4. Select the radio button for the option for the open item filter you wish to enter, in our example Posting date.
Clear G/L Account: Enter selection criteria
5. As required, complete the following fields:
u2022 Posting date from
u2022 Posting date to
6. Click to go to the Clear G/L Account: Process open items screen.
7. Double click on the amount of the first open item in the GBP Gross column that you wish to clear.
The system will activate the line you have chosen, and the amount in the Assigned field in the Editing status panel will reflect all activated items. If the system shows a balance in the Not assigned field, then your clearing document is not in balance.
8. Select an offsetting item by clicking on the amount in the appropriate line.
Both items will now display as active, and the Not assigned field will show zero, indicating your clearing document is in balance and can be posted.
9. Click to post your document.
The system displays the message, "Document xxxx was posted in company code xxxx".
I have one item there is no value in document currency and there is value in local currency2. due to this item there is a in-consistency balance in F.08 GL balances, how can i correct it.
In the below link, Burak Uygur explained about the Foreign Currency Valuation
F.05 foreign currency valuation
For knowing the above things please any body explain the process of foreign currency revaluation f.05. And appreciate if suggest the answer for the above issue.
This link will explain the process of foreign currency revaluation..
http://help.sap.com/saphelp_erp60_sp/helpdata/en/91/5ac4402418742ae10000000a155106/content.htm
Regards,
GK
SAP

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 Revaluation for GR/IR Account problem

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