Forex

Hi
I have 6 exchange rate types K,A,T,E,M,I have a requirement where when ever i am posting for certain accounts lets say for downpayments in Overseas amounts
it has to pick up only rate type 'K",if i use any other current assets related accounts in the line item it has to pick up Rate type 'M',I want to achive this automatically (the rate type) which is based on the G/L Account.
Any idea on the above,
Thanks
Lily

Hi,
You can specify the exchange rate type at Document Type level and not at GL Account level.
Also you can put the subsitution for these accounts for correct exchange rate type.
Hope you will find of some use, if yes, please assign points.
Regards,
Harish

Similar Messages

Incorrect value of Auto.Gain/Loss Forex during GRIR Clearing

Dear Experts,
We have activated the Material Ledger functionality.
The Document Currency of PO, GR, and IR are in Foreign Currency.
The postings are below:
Loc Currency 1 = USD
Loc Currency 3 = IDR
Doc currency = IDR
GR
Dr Material                  52,980,975 Doc Curr/IDR     5,340.80 Loc Curr 1/USD
Cr AP u2013 GRIR                  -75,000,000 Doc. Curr./IDR           -7,560.45 Loc Curr 1/USD
Dr Price Adjustment   22,019,025 Dor. Curr/IDR     2,219.65 Loc Curr 1/USD
IR
Dr AP u2013 GRIR             75,000,000 Doc. Curr./IDR    7,560.45 Loc Curr 1/USD
Cr AP-Vendor                -75,000,000 Doc. Curr./IDR            -7,537.73 Loc Curr 1/USD
Cr Forex AP- Current                0 Doc. Curr./IDR                  -22.72 Loc Curr 1/USD
GR/IR clearing
Loc Currency 1 = USD
Loc Currency 3 = IDR
Doc currency = USD
Dr AP u2013 GRIR      7,560.45 Doc Curr./USD       75,000,000 Loc. Curr. 3/IDR
Cr AP u2013 GRIR        -7,560.45 Doc Curr./USD        -75,000,000 Loc. Curr.3/IDR
Dr Forex AP- Current      0 Doc Curr./USD      1,360,469 Loc. Curr. 3/IDR
Cr Forex AP- Current        0 Doc Curr./USD         -1,360,469 Loc. Curr.3/IDR
The problem occured after GR/IR Clearing is performed. The system generated automatic Gain/Loss Foreign Exchange AP-Current with incorrect amount in Local Currency 3. That amount was not match with the delta exchange rate difference on the date of IR is performed and on the date of GR/IR Clearing is performed.
Can anyone inform me what is the probable cause of this incorrect Forex AP-Current calculation? What is the calculation basis that SAP system use to calculate this automatic Forex AP-Current?
Should you require any additional information, please let me know.
Thank you
Best regards,
Frans Sunarja

Hi
First once we have check the exchange rate types in OB08
second one you are no main the gain/loss a/c OB09 w are setting Loss/gain .
Regards
suresh

FI Forex gain loss & Exchange Rate difference on Foreign Currency & Chart of Accounts

Dear All,
I have queries on following :
1) what is difference b/w Forex gain loss account & Exchange Rate difference on Foreign Currency account .
2) Under which Heads in Balance sheet they should come as per Indian Accounting Standards.
3) Are these accounts common for Vendor & customers or different.
4) they record FI data at Company code level or at sub-ledger level first (Vendor /Customer) .
4) Is it advised to use same Chart of Accounts to two companies in same country by using different GL's with different FSV?
Regards
MJ

Hi M J,
Please note the answers below:-
1. It is one and the same thing. When you say forex gain/loss account, it means a GL account and exchnage rate difference means, the difference in rates at which you purchased/sold and the rate at which you made paid/collected.
2. Ask Client where they want to show these GL's in Financial statement Version.
3. The configuration setting is in OB09 and SAP allows you to keep same or diff GL for both realised Exchnage rate gain/loss. It depends on how you want to see. technically it is possible.
4. The Valuation is done at company code level, but individual records are picked up at vendor/customer level. It means that the revaluation gain/loss adjustment is not given to each individual Vendor/Customer, rather it is posted to a GL - Balance Sheet adj.
5. Yes, you can use same chart of accounts and you do not need to create separate GL's at the company code level for two company codes. Same GL's can be used as the posting is made at Co. code level.
Regards,
Kavita
Note : Please raise separate thread for different questions. Your Point No. 5 is not related to the rest.

GR for PO in forex resulted in currency conversion rounding difference

Hi,
I have created a PO in foreign currency and when I perform a GR in MIGO, it created the following 4 FI postings:
1) DR Stock - Amount in Forex, Amount in Local Curx
2) CR GR/IR - Amount in Forex, Amount in Local Curx
3) DR Rounding Diff 0.00 in Forex, 0.01 in Local Curx
4) CR Rounding Diff 0.00 in Forex, 0.01 in Local Curx.
Below are the information for the PO item:
Quantity = 350
Unit Price in EUR = 10.39. ==> Amount in forex = 350 * 10.39 = 3,636.50
Conversion rate = 10.61 ==> Amount in local curx = 350 * 10.39 * 10.61 = 38,583.265 rounded to 28,583.27.
Line 1 & line 2 ==> Rounded amount = 28,583.27.
Question: Why is the additional lines (3) & (4) being generated ?
When I did the MIGO posting, the system ask for the additonal account keys PRD and KDM in OBYC which I have supplied with "Rounding Diff" Account.
We have tried with different quantities and this problem so far only happens when the quantiy = 350. (Incidently, the rounding diffence for quantity 350 is exactly 0.005 and the same rounding difference of 0.005 is also applies to quantity 1050, 1750, 2450 etc at every 700 units increment; BUT the 0.01 rounding difference only happeded for quantity 350. Very strange ??)
Additional Info:
No special rounding rules is configured in the system.
Please advice.
Thanks and regards,
Hu Ghee.

Hi Pankaj,
Actually, your suggestion worked. It was jus that when I went to the OMRW screen earlier (even before I posted this message), I saw that the setting was "Blank" and thought that it meant "Not activated" whereas what I need to do was to set it to "No" for no exchange difference.
TQVM.
Rgds,
Hu Ghee

I am going to buy a mac mini i7 with 3 thunderbolt displays for forex trading. the question is if i use bootcamp and run windows on the mac mini will the displays still run the same way as if i was running it on Lion?

I am going to buy a mac mini i7 with 3 thunderbolt displays for forex trading. the question is if i use bootcamp and run windows on the mac mini will the displays still run the same way as if i was running it on Lion?

No idea if Windows will do it, but you can run Windows without Bootcamp & have OSX available at the same time, which should give you all the Monitors that OSX uses.
Parallels...
http://www.parallels.com/
VmWare Fusion...
http://www.vmware.com/mac

Clearing forex open item with INR receipt

Hi,
We have a scenario were original customer invoice is in foreign currency. However, the money remitted by the customer is directly credited in the bank, not in the same foreign currency, but in Indian currency. In this case, the system is able to clear if we manually enter the forex gain or loss. But this gain or loss is calculated with reference to the current exchange rate and not with exchange rate as at the invoice posting.
Any idea how this could be handled?
Thanks
Muru

Lawrence,
The issue came because the user was trying to clear a Forex open item with local currency. In F-28, he was entering the local currency amount as receipt. The rate at which the receipt is converted is different from the rate maintained for forex valuation (M rate).
If the receipt is posted in the original document currency, the complication is avoided. However, I would be interested to know if you are aware of some other way of handling this.
Thanks
Muru

Incorrect forex difference while clearing gl account F-03

Hi,
We have an issue while clearing a GL account(bank account) through T.Code:F-03.
company code currency is USD, our user trying to clear that GL account in GBP currency. he is doing that practicise from the last 4 years, never he didn't have any problem with foreign currency conversions.
entry as below.
bank account 2.95 gbp ... when we double click on the line item to view the company code currency it is showing as 5,500 usd.
when we try to clear other line items in the same account on the same day we are not getting any differences. system is calcuating proer forex values.
for example, another line item with 5.90, when we double click on that it is showing 10.34 usd as co.code currency.
We are unable to identify the problem with line item with 2.95 gbp.
can you please give some idea, what could be the reason?
all the best
Prasad

issue got resolved ... nothing wrong in the system.
Through explanation this issue got resolved.
Prasad

0.01 price difference local currency amount (not due to forex)

Hi All,
I have this strange system behaviour.
In foreign currency, it has no issue. But when see in local currency, it has price difference which is not due to forex.
The exchange rate used is 7.79594
ithe 4 GR lines in foreign currency
14,006.00
9,870.00
14,194.00
3,948.00
where the total foreign amount is 42,018.00
the 4 GR lines in local currency
109,189.98
76,945.96
110,655.62
30,778.38
where the total calculated by system is 327,569.94
BUT, if you calculate yourself, it should be the below where total is 327569.81.
109189.94
76945.93
110655.57
30778.37
Both amount giving the difference of 0.12. (line item of GRC cannot set off due to difference of 0.12. GR 327,569.94 and IR 327,569.82).
Now, during IR, the foreign amount is same which is 42,018.00 and exchagne rate also the same 7.79594 but the GRC amount is credited 327569.82.
But if you see in PO history in me23n, the amount at IR line is 327569.81.
When I see the document in local currency, it throws out credit of 0.01.
My question is,
1) why during GR, the amount calculated manually and system different by 0.12?
2) why during IR, the local amount with addition of 0.01, which is 327569.82 whereas in PO history in me23n, it is showing 327569.81. Why FI document figure and PO history tab IR line different by 0.01?
Thanks

Hi Calesta,
While the currencies have decimals exceeding 4places, then system would many times dismayed while converting and displaying between the local and the foreign currencies. Pls check if you have defined decimal places for the currencies as per your requirement.
Finally the concern is in the acc doc entries either in MIGO or MIRO. If the difference you are getting is affecting your accounting due to exchange rate differences etc you can configure automatic posting by TE key KDR in OBYC
Regards
Shiva

Forex Fluctuation entries not to be passed in BRS

Hi
I have made payment to Vendor on 12th December $1000 (1$ @ Rs. 45.45) = Rs. 4545
At this time entry passed was:
Vendor A/c... Dr Rs. 4545
   To Outgoing Bank A/c Rs. 4545
Now on 15th December i am running BRS (FF67).
Rate mentioned in OB08 on 15th December was 1$ = Rs.45.00
So at the time of BRS, exchange fluctuation entry was passed on 15th December
Outgoing Bank A/c... Dr Rs.4545
   To Main Bank A.c Rs.4500
   To Realised Gain A/c Rs. 45
I have put tick in "Only balance in local currency" in outgoing bank account so that the exchange difference entry is not passed. But inspite of the same exchange fluctuation entry is passed.
Let me know how to avoid forex fluctuation entry.
Edited by: Deepak Agrawal on Dec 21, 2009 4:34 PM

Hi
If the two documents you are trying to post are in Foreign currency and if Balances in Local Currency is marked in the GL Master, system would post the exchange rate difference to Forex Gain/Loss A/c. However, a better way to avoid this is to post the outgoing payment at Bank specified rate and when you do Bank Reco through FF67, you would do in INR. The system should than not generate the difference entry as the amount in Outgoing Bank and Main Bank GL would be same.
Regards
Sanil Bhandari

Is there the Forex Revaluation Report in details..?

Hi All,
Does everyone know what the report which reflecting the forex revaluation result as well as after we run FAGL_FC_VAL result ( account have been revaluated, the number of differ rate etc ), the problem is we've forgot to save this result as excel file during executed that task., it was so accidentally..
Thanks & regards
Hendro

Hi,
Forex revaluation history in new GL scenarios are stored in tables FAGL_BSBW_HISTRY ( for sub ledger accounts) and FAGL_BSBW_HST_BL (for GL accounts). If you cannot find a way out, please refer these and you will be able to get all you want!!
Cheers,
Khushru

Forex Difference in case of customer partial payment receipt

Dear experts,
we have scenarios where we receive part payment in case of foreign cutomer.
Now when we receive part payment in case of foreign currency invoice we use Residual payment TAB.
In this case system is calculating the forex difference on the full amount not on the partial amount. As per the requirement the system should pass Forex diff amount to the extent of partial received amount to show the correct Realised gain effect.
Example: The invoice amount us 1000 USD @ 45/dollar
               Received part payment 500 USD @ 40/dollar
             I am using T code F-28(Residual payment)
              The USD effect is shown below
                                              USD                       INR
Dr. Bank a/c                            500                      20000
Dr. Customer a/c                      500                      20000
Cr. Customer a/c                     1000                     45000
Dr Exchange Diff a/c                  0.00                     5000
In the above entry the system is passing exchange diff as Rs. 5000 but it should be Rs 2500.
In the above example If I am receiving the full amount within a particular fiscal year then there is no problem, as the net effect of the forex difference will be correct within a year.
Problem arise when i receive the part payment this year and rest of the payment in the next year. Because my realised loss is over stated by Rs 2500 in the above case.
Is there any possible way to show the exchange diff is 2500 not 5000?
Please help anyone.....
Regards
Paul
Edited by: Paul01 on Apr 9, 2009 9:24 AM

Hi
Thanks for your response.
Yes you are right when you say that system revalues the entire customer invoice.
But the company does not want that. They want their actual invoice(remaining balance) to remain with rate at which the invoice was posted. Therefore as per company's requirement system should only revalue the amount in FC (Partial) which is received.
In the present scecario system revalues the entire invoice which inturn show my overstated Realised gain or loss. Now is there any solution where i can only revalue the partial amount.
Note: System does not allow you the change the INR value in the forex diff line item unless i change the FC amount.
Any solution of above problem?
Still not solved, ur suggestion can be very crucial.....
Edited by: Paul01 on Apr 15, 2009 9:03 AM
Edited by: Paul01 on May 5, 2009 8:06 AM

Forex valuation

Dear friends & experts,
I am new to the forum and appreciate that you guys can help me on the forex valuation issue.
I wonder whether there is a foreign currency valuation procedure (besides SAPF100) which can generate valuation postings for line item display.
I did the F.06 but didn't success.
Appreciate if u can advise me on what option to be clicks and what fields to be filled for transaction F.06.
Thank you.
-ZUKI-

Hi Zuki,
Following are the fields to be filled in F.06
1. Company code
2. Evaluation Key Date
3. Valuation Methods: SAP provides various valuation methods: BSK, EVR and KTO
4. Valuation in curr.type : 10 Or or valuation area SA
5. Check : Create Postings
6. Batch input session name - Code identifying the batch session that is created Example: FCV0620021
7. Document date Date the transaction occurred Example: 310702
8. Posting date - Date that the business transaction occurred Example: 310702
9. Posting period Fiscal month when the transaction posts to the General Ledger Example: 7
10. Reversal posting date Date when you want to post a reverse. Normally the 1st day of next month Example: 010802
11. Reverse post. period Posting period for reversal Example: 08
Now you need to select the accounts you want to valuate. Click <tab button> Selections .
1 Click Valuate vendor open items .
2.Click Valuate customer open items Button .
 You can select only particular vendor / customer accounts to be valuated. If you leave the selection fields empty (like in our example), all the accounts will be selected for valuation.
Click Execute Button to perform valuation. Note that the system does not create the postings immediately but creates a batch input session instead.
Press Back Button .
To post the valuation, you need to process the Batch Input Session that youve just created. You can open another SAP session.
From the main menu choose System  Services  Batch input  Sessions
Regards,
Hemachandra K S
Please, donot forget to mark the answer as Helpful, Very Helpful or Problem solved.

Forex Revaluation for customers and vendors

Hi,
I ran FAGL_FC_VAL for period end for forex valuation of customers and valuation. Following Entry is posted:
Unrealised Loss A/c... Dr
To Forex balancesheet adjustment A/c
Forex balancsheet adjustment A/c is normal GL account.
Now i want to see vendorwise and customerwise forex valuation. Let me know how to get this report.

Hi Deepak,
I feel very sorry to say that there is not report to display the foreign currency valuation for customers and vendors. But I think you could defined difference reconciliation account for customers and vendors, then defined a foreign
balancesheet adjustment A/c per reconciliation account in OBA1,then you could confirm the value in FS10K or FBL3N.
Hope this information are useful to you!
Best Regards,
Gladys xing

No batch session created for forex run error

Hello
We have run the forex run on 31st may and have included the reversal as well(1st June).This got completed sucessfully with revaluation and its reversal the first day of next month.After a week we reset the forex run,then it should reverse both the revaluation on 31st May and reversal posting on 1st June.However when the reset was run ,the period 31st may was closed which was noticed after the forex reset run was .We selected create postings with the batch session and also checked to create batch session if any errors.
During the reset ,the reversal postings on 1st June got reversed but the forex revaluation on 31st may didnt get reversed(as period was closed).But there is no batch session created.
Please let us know why the session hasnt got created or what could be the reason why batch session in SM35 is not found,if the period was closed for reversal during reset it should have created batch session.
Please advice.

Hi
If your reversal posting have been generated for 1st June, check also in SM35 if there is a batch session in error under Incorrect Tab/In Process/In Background Tab of SM35
Thanks & Regards
Sanil Bhandari

OBY6 no forex clearing in local currency when LC2 used also

Hi folks,
I know this is a long shot that anyone can help but here goes..
Our site has local currency BOB and an additional local currency (local currency 2) USD.
So we usually get 2 local currency amounts in documents, a BOB amount and a USD amount.
When clearing in local currency BOB we are getting a lot of exchange rate difference postings for documents that are in foreign currency. We want to stop the exchange rate difference postings when we clear in local currency BOB, as it is not necessary to post a difference for clearing.
The setting in OBY6 for this is tick box "no forex rate diff. when clearing LC"
However even when this is ticked in OBY6 I STILL get the gain/loss exchange rate postings when for example a EUR document is cleared using the local currency amount in BOB. I am sure I have seen this setting work before, but not with an additional LC2. Maybe the LC2 being USD means that this setting can no longer work? We are on 4.7.
Thanks all

Got an answer from SAP on this issue
Please be informed that
OBY6 "no forex rate diff. when clearing in LC": please regard the
documenatition. The flag is only relevant for the local currency (= 1st
local currency). In your case the 2nd local currency is concerned. That
is the reason exchange rate difference items were generated for hard
currency.
So if you use a second currency forget using the OBY6 setting, you have to 'disregard the documentation'. You can never stop the exchange rate difference posting because either LC or LC2 will find a difference if the rate differs on clearing.

Realised FOREX gains or losses

Here is a challenge for you:
We have one company code and we have a few FOREX gl accounts that are not cost elements. We want the postings to these gl accounts to go to PCA. But not just to PCA, we want the postings to go to the correct profit center automatically (when we do a F110/FBZ1 or FBZ2). I am out of ideas. Oh and it is not an option for the business to fill the profit center in while doing the transactions.
At the moment we have these gl accounts in 3KEH, so that we at least have the entries in PCA. Any idea is welcome!

I tried that and also tried OBBH. It does put a profit center in the initial posting, but I can only get the postings to go to one profit center. The postings are done on company level. And management wants to see the gains/losses on the profit center of the original invoice... I don't know how to put that into the substitution

Forex

Similar Messages

Maybe you are looking for