Foreign Currency rounding off while conversion

Hi All,
I am experiencing a scenario while foreign currency conversion.
I have searched for a solultion but i am unlucky to find one regarding this problem.
The scenario:
Example:
Foreign Curr      |    Value    |       Rate     |     SAP converted Local Curr(Yen)   |    Act Con Value(Y)
Euro                 |    1210Eur|       127.99Y|     154868Y                                   |   154867(-veRound Off)
Is there any setting where you can round off the converted amount to its negative whole amount?
I have searched all the setting in Foreign Currency transactions(OB52,OB59) but couldnt find.
Hope i can get a solution.
Regards
Andrew

Hi
Reason and Prerequisites
u2022Your tax country is Slovakia
u2022You billed an order with several items in foreign currency,
u2022where the exchange rate factor between foreign currency and local
u2022currency is very large or very small.
u2022The accounting document created during the billing has a tax line item that contains incorrect amounts in local currency
Solution
The solution is using the same solution as note 832477 and 32477 with the difference that the country is Slovakia. For other countries you should put the variable L_LAND1 to the string that represent the country.
Limitations:
The solution will NOT lead to a recalculation of taxes in local
currency. However, it will serve to minimise any rounding differences
which may arise from converting the individual tax lines which are
transferred from SD to FI. In most practical cases, this should fulfill
the legal requirements, even though rounding differences may occur for
individual documents in special cases.
Regards
uday

Similar Messages

  • Foreign currency rounding

    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 me

    Hello,
    Please check setting in below path.
    IMG > SAP NetWeaver > General settings > Currencies > Define rounding rules for currencies.
    Thanks!
    Raju

  • Rounding off while posting foreign invoice to Accounts

    Hi,
    I am facing a problem during the accounting of foreign invoices. We are setting the exchange rate in the sales order accounting tab in exchange rate field which gets passed on to the invoice. Now on converting the value to local currency the accounting entry is passed in decimals. the business wants that a rounded off value should be passed to accounting.
    Ex: Invoice for 260 USD with exchange rate 1 USD=46.71INR, and the accounting entry being passed is value INR 12144.6 whereas the requirement is for 12145.
    Will appreciate your response on this.
    Thanks

    Hi
    Reason and Prerequisites
    u2022Your tax country is Slovakia
    u2022You billed an order with several items in foreign currency,
    u2022where the exchange rate factor between foreign currency and local
    u2022currency is very large or very small.
    u2022The accounting document created during the billing has a tax line item that contains incorrect amounts in local currency
    Solution
    The solution is using the same solution as note 832477 and 32477 with the difference that the country is Slovakia. For other countries you should put the variable L_LAND1 to the string that represent the country.
    Limitations:
    The solution will NOT lead to a recalculation of taxes in local
    currency. However, it will serve to minimise any rounding differences
    which may arise from converting the individual tax lines which are
    transferred from SD to FI. In most practical cases, this should fulfill
    the legal requirements, even though rounding differences may occur for
    individual documents in special cases.
    Regards
    uday

  • UOM is getting rounded-off while converting the PR into PO

    Dear all,
        We have created a PR with the UOM - EA for the qty 2.256 but the same was changed as 2 while converting the PR into Purchase order (If the PR qty is 2.564, then PO qty is changed to 3).
        I have checked in "CUNI". In this, for "EA", decimal pl rounding is maintained as 3.
       (If we create the PO directly for decimal qty w/o referring the PR, qty is getting rounded-off in print format. We have already posted this print script issue alone and we were advised to change the print script.)
       What we have to do to get the actual PR qty in PO.
       Pl give your valuable suggestions.
    Warm regards,
    M.Selvaganesh,

    Friends,
    What is the application of decimal places under display and decimal pl. rounding under conversion in CUNI?
    (If i maintained  decimal pl. rounding as 2, system is taking the PR qty of 2.256 as 2.25 in PO. and i've maintained decimal places as 3. But where can i see this in PO?)
    Pl clarify.
    Cool regards,
    M.Selvaganesh,

  • Automotically Hands free mode is switching ON & OFF while conversation

    Hi,
    I facing the problem with my 8520 model, the problem is that, The handsfree mode is automatically getting switched ON and OFF automatically. So I cannot hear the voice of the caller. It happens only after I used the Nokia's ear phone.After that I tried with Blackberry original ear phone, But till I am facing the problem. Kindly give me the solution.

    Hi smaniramji and welcome to the BlackBerry Support Community Forums!
    Are you using a wired hands free device or are you using a Bluetooth handsfree device? Have you tried rebooting your BlackBerry smartphone to see if the problem exists after that?
    Thanks.
    -CptS
    Come follow your BlackBerry Technical Team on twitter! @BlackBerryHelp
    Be sure to click Kudos! for those who have helped you.Click Solution? for posts that have solved your issue(s)!

  • Quantity getting rounded off in Sales Order

    Hello All,
    The problem is related to Sales Order raising in SD which is as follows -
    While punching a sales order for example :-           Quantity (Kg)         Per Kg Price (Rs.)           Net Value (Rs.)                                                                               
    Material A               3036.800                   3052                            9268313.60
                                                          Material A               3037.000                   3052                            9268924.00
                                                                                    Difference in Net Value           610.40
    As mentioned above the difference in net value is occurring due to the rounding of quantity of material A while the sales order is generated, which is actually totally not recommendable as we know that in standard SAP system we have the provision of rounding up of net value whereas here the quantity of the material is getting rounded up.
    Please suggest how to stop this commercial rounding up of material quantity & kindly provide the configuration steps if any to stop this.
    Thanks & regards
    Priyanka Mitra

    Hello All,
    In addition to the above mentioned problem please find below a little more explanation related to it  -
    In the material master Sales Org 1 View we have maintained the rounded off profile ZRON for example as " No Round Off " and conversion factor for unit of measurement is maintained as 1Ton = 1000 Kg & 1kg=1Kg. Still while punching the sale order for 3036.8Kg of material A when we enter the rate as 35732 INR/Ton the entire net value is getting rounded off to 108518.08 INR instead of 108510.93 INR, when we are checking the pricing condtions it has been observed that the condition based value is getting rounded off to 3.037 instead of 3.0368 which is actually the exact value.
    Please suggest how to stop this rounding off calculation of the condition based value.
    Looking forward to some valuable suggestions.
    Thanks & Regards
    Priyanka Mitra

  • Purchase Order quantity is rounding off in Print out

    HI ALL,
    In the Purchase Order quantity is rounding off while taking print out. I gave the quantity 10.450 LIT and it is rounding off to 10 LIT and if I gave 10.560 LIT is rounding off 11 LIT while taking print out. I am thinking some note we have to add.We are using ECC 5.0 version. Please give me the solution.
    We are using standard functionalitieslike program(SAPFM06P) and form (MEDRUCK) only. The system is rounding off the quantity in standard functionalities itself while taking print out. Please give me the solution.
    Thanks once again.

    Hi,
        I think in standard 'MEDRUCK' the order quantity(RM06P-PRMG1) is printed without decimal places. Copy the MEDRUCK sapscript into a custom sapscript and change the Quantity fields declaration.
    Thanks & Regards
    Bala Krishna

  • Currency converting in 5 decimal place, time of posting in foreign currency

    Hi
    I am facing one problem at the time of posting of advance with bank charges in foreign currency USD.
    While i am trying to post advance to vendor with T code - F-48 with USD currency i mention the exchnage rate 51.56 , bank charges 500 in local currency(INR) , system showing 2 paise less 515,599.98(INR) if i chosse 10000 USD in vendor item.
    But same time if i am choosing exchange rate - 61.26 system showing right value 612,600.00.
    And if i am taking exchange rate 49.52 system showing right value,
    Awaiting for valueble reply.
    Regards
    Anjan

    I would have done this with much less effort.
    If your currency has standard 2 decimals, then just use a price unit of 100 instead of 1  in your material master valuation view.
    So you reach an accuracy of 5 decimals per one unit.
    And my solution does not have any impact on purchasing activities.
    Edited by: Jürgen L. on Jan 24, 2008 11:50 AM

  • VAT/CST need to round off in MIRO

    Dear All,
    I want vat/service tax values should get round off while doing MIRO
    Is it possible?
    In our system withholding tax is getting rounded off in MIRO so my client is asking for these G/L's too..
    Please let me know if it can be done or not
    Naren

    Hi,
    Please do the following-
    assign calculation type 17 (roundin off) to the VAT/CST condition type in tax procedure.
    and check the scenario again.
    regards,
    sujit borse

  • Re Foreign currency roundoff

    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 me

    in 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,

  • Small Differences Rounding Off in case of Payments in Foreign Currency

    Hi all
    I have a scenario wherein I want to round off the Foreign Exchange amount to the nearest Rupee. I.e when I am making a payment in Foreign currency, the amount in local currency appears upto 2 decimal places. However, I  want the same to be rounded off to the nearest rupee.
    E.g I am making a payment of USD 111 @42.1277 which comes to 4676.17 in the local currency INR. Now I want the system to round off the amount to 4676 at the time of the payment transaction itself. Is this possible through the RDF key in Forex Automatic Postings? If yes, then I already have an account assigned there but the system does not round off the amount.
    Help would be highly appreciated.
    Cheers
    Hrishi

    i'm not aware of that functionality.
    But you can always add some logic into your fast formulas, so that the data is alreay rounded for cash payments, before you launch Prepayments.

  • Currency Conversion Round-off problem

    Hello
    My customer is in import business.
    When a journal entry is made in Dollar it is converting into Indian Rupee (local currentcy), which is correct
    but it is not rounding off. Also user cannot change it mannualy to adjust the roundo-off figure
    Is there any solution to this
    Regards
    Indrajit

    Hello Indrajit,
    What is your rounding setting for currency?
    Thanks,
    Gordon

  • Error while running the foreign currency valuation

    hello frnds,
    i got the following error while running the foreign currency valuation.
    No accounting principle assigned to valuation area
    Message No.fr894
    Diagnosis
    In customizing the valuation area is not assigned to an accounting principle. You can use the accounting principle to define the general ledgers in which posting takes place.
    System Response
    Error msg
    Procedure
    Assign the valuation area to an accounting principle.
    Above is the error message, but I created valuation area and assigned it to an accounting principle.
    Guide me with some inputs.
    Regards,
    Siva

    Hi,
    Please check the following path
    IMG > Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Parallel Accounting > Assign Accounting Principle to Ledger Groups
    Whether you have defined the Accounting Principles to Ledger Group?
    Regards,
    jigar

  • Error while running foreign currency valuation program FAGL_FC_VAL

    Hi
    this is regarding foreign currency valuation in ECC6.0 with EHP4
    i have done the revevent setting in spro and while execturing TC FAGL_FC_VAL agetting following error:-
    Incorrect account determination: 1000 10 200010
    Message no. FR257
    in customization, i have assigned P&L and balance sheet account against above GL (OBA1 -> KDF).
    any idea where i am wrong. Please reply.
    regards
    DD

    Hello Devi,
    This account managing with open item? Can you check G/L account master data?
    If yes,
    You should check your customizing OBA1 -> KDF. I think you filled currency and currency type on OBA1-KDF. If you don't have different P&L ve balance sheet adjustment account for each currency and currency type, you can pass initial for this field. ıf you use different balance sheet adj. account or P&L account for each item, you must assign write criteria.
    For example your company code currency is USD and you have a customer reconcilation account which has EUR currency, you should assign EUR currency for this account on OBA1-KDF. Please check in FS00 for this account, exchange rate difference key must be empty if this account managing with open item.
    Regards,
    Burak

  • Foreign Currency Valuation Values Conversion

    Hello SAP Experts!
    We are migrating from 4.6B to 4.7 and we are working in the vendor, customer and G/L accounts open items conversion.
    In the present system (4.6B) the users use transaction F.05 for foreign
    currency valuation with the flag "Bal. sheet preparation valuatn" activated. This means, that the valuation difference is not reversed
    but it is stores in the field BSEG-BDIFF of the affected open item.
    Now we are trying to convert those foreign currency open items with a
    batch input to transaction FB01. However, the fields BSEG-BDIFF do not appear in the dynpros and we could not find a way to make them optional to enter the value of previous revaluations.
    We have thought of transaction F-05, but there is no way there to reference the revaluation that is being posted to the affected open item. T
    If we do not enter this amount in that field we will have problems
    after the go live to pay those items, as the "Bal. sheet adj. 1"
    account balance will never be zero and the gain/loss accounts for exchange rate difference will be duplicated.
    Do anyone know how can this be done?
    Hope you can help me on this one.
    Many thanks in advance.
    Regards!
    Noelia

    Hi Dominic!!
    Thanks a lot for your answer. Yes, they are separate systems
    Let me see if I understand your suggestion:
    1) I should do a manual posting through F-05 in our 4.6B system bringing the balance adjustment account and the exchange rate difference account to zero.
    2) Transfer the balances to 4.7.
    3) In the first closing period run the automatic foreign currency valuation
    (through F-05) with the flag "Bal. sheet preparation valuatn" deactivated so that the system revaluates the open items from the time the open item is created to that moment.
    is it like that?
    Many thanks for your help again!
    Best regards,
    Noelia

Maybe you are looking for

  • Page break in Matrix report

    Hello Experts, I am trying to create a custom purchase order that shows shipping distributions. I have been successful so far in creating a matrix report that shows this. However, the client's requirement is that I limit the items to at least 10 item

  • Why are Java and Video Player updates appearing in Safari

    Today these fake Java and Video Player update pop ups started appearing in Safari 6.2.4, in OS 10.8.5.  The Java updates say I need  version 13 which doesn't exist and the video player pop ups are gray with a red square that resemble the Adobe colors

  • Transfer from ipod to pc

    how do i transfer songs from my ipod to my computer. it doesnt seem to work for me 5th gen and windows

  • Multiple PalmOS users on iCal

    Dear apple discussions friends, I am currently switching from Windows to Mac OS and would like to synchronize my calendar informations to iCal from two separate Palms. I was unsuccessful in finding answers to this question in this forum. This is my f

  • To clarify previous topic

    I have 7 radio button components on my stage. I replaced the icons for the RadioTrueUp and RadioFalseUp states. I deleted the other states thinking I only need "up" and "down" for my Radio project. Now when I test the movie, I click on any radio butt