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
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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-
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please advice meHello,
Please check setting in below path.
IMG > SAP NetWeaver > General settings > Currencies > Define rounding rules for currencies.
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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.
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Reason and Prerequisites
u2022Your tax country is Slovakia
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Priyanka MitraHello All,
In addition to the above mentioned problem please find below a little more explanation related to it -
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Hi
I am facing one problem at the time of posting of advance with bank charges in foreign currency USD.
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But same time if i am choosing exchange rate - 61.26 system showing right value 612,600.00.
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AnjanI 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.
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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
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In our system withholding tax is getting rounded off in MIRO so my client is asking for these G/L's too..
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NarenHi,
Please do the following-
assign calculation type 17 (roundin off) to the VAT/CST condition type in tax procedure.
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sujit borse -
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.
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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
Hrishii'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. -
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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
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IndrajitHello Indrajit,
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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,
SivaHi,
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
DDHello 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!
NoeliaHi 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
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