Generating Invoice in Local Currency in Multicurrency T&M Project

Hi Dina/Experts,
Due to some recent changes in local laws of a country they have restricted invoicing in USD. As per practice all Labor invoices used be generated in USD for this country while all Expense invoices were generated in Local Currency. All invoices have to be created and sent to the customers in Local Currency of that country going forward. Unfortunately I have to generated invoices in some existing Multicurrency 'Time & Material' Projects here. Therefore my question is without tampering with the bill rates which have been updated in the Project in USD at the time of Project Setup is there any way we can generate Invoices from the Project Accounting system in Local Currency?
EBS R12.1.3
Projects module
Thanks,
PC

Hi
You could setup additional bill rate schedule in the local currency.
Then you need to assign that schedule to the T&M projects.
Alternative method would be to develop logic within Labor Billing Extension, where the system will calculate the local currency bill rate by converting the USD rate at the proper exchange rate.
Dina

Similar Messages

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

Getting error while posting the invoice "Different Local currency "

Hello All,
User created Non MRP PO with CNY currency for China and cost center entered which belongs to US country.
User posted invoice for this PO and then he understood that cost center which has been entered in the PO was wrong.
and he tried to cancel the invoice with Tcode MR8M and with MIRO credit Memo as well.
But getting error "Different Local currency from CNY to USD"
How this can be solved,pls suggest.
Thanks...
Trupti

hi
please check that you might have changed the currency of PO
please reset it and then reverse the MIRO
Note 592312 - MIRO: Termination M8396 'Different local currency'
Edited by: Kunal Ingale on Nov 12, 2010 8:15 AM

Invoice in local currency Clearing in Foreign currency

Hi,
Is it possible to clear the invoice in foreign currency which is originally posted in Local currency.
regards
Stefen

Yes, but if the Local currency amounts do not match,then you will have to either:-
a) Write off the differance as a "Discount"
b) Manually add another posting line, to post the difference to the Exchange difference accounts.
a) is easier, but b) is correct from an accounting view.
Regards
D.

Clearing Foreign Currency invoice with Local currency

Hi,
We do have a requirement for clearing of Vendor Invoices ( Foreign Currency) with Payment of Local Currency . System not posting any Forex fluxuations .
Clint required to see the Foreign Exchange gain loss automatic postings ,
Eg:    Vendor Invoice   200 $    (200 $ = 800 INR) Exchange Rate : 40
          Payment            1000 INR                       Exchange Rate : 50
Expected Result :
Vendor Dr                     : 800
Bank    Cr                      : 1000
Forex gain / loss Dr       :   200
Regards,
sujana

Hi,
I have deactivated , the check box of No forex gain loss for local currency in Global parameters.
But system behavious is following manner.
1. While making payment (F-53) , system fetching the exchange rate from exchange rate table ,. NO OPTION for User input.
But customer requirement is exchange rate will be according to user input.
2. While clearing system , the difference of forex gain , system expecting differential posting besides to forex gain loss amount.
But customer requirement is to post accounting entry would be
              Vendor debit
             Bank Credit
           Forex gain / loss a/c Dr.
Please suggest , if any body has got an idea ..,
Regards,
Sujana

Invoicing in local currency

Hello experts,
we have a sales office in Romania. Sales orders are created both in currency EURO and in RON. But invoicing must always be done in the local currency (=RON new romanian leu).
Is there a possibility to create an invoice in the local currency (RON) when the sales order was created in EURO?

thanks for your reply.
As far as I know transaction OB08 is only for maintaining exchange rates.
The exchange rate from EURO to RON is maintained and that works fine.
We want want is to create the salesorder (VA01) in document currency EURO, when the order is delivered we want to create the invoice of this order in RON.
Any ideas?

Import cycle-exchange rate/local currency

Dear Gurus,
In Import cycle,we have followed following cycle.
1) Created PO.
2) Released the PO.
3) Now we have done MIGO.
NB: We have maintained exchange rate USD in the PO.exchange rate in PO is 148(local currency) = 1 USD.
In OB08 we have exchange rate as 130(local currency)=1USD.
In PO we have maintained Clearing Agent and Custom duty payment but when doing MIRO for clearing agent and Custom duty values are picked from OB08 ie 130(local currency)=1USD.
My Client wants the value in MIRO for Clearing Agent and Custom duty be picked from PO and also it should be in local currency.
What are setting to be done for the above cycle,please guide me with your valuable inputs.
Regards
Ram
Edited by: RAMKUMAR WARIYAR on Jun 9, 2009 10:50 PM

Hi
During MIRO you can input the value of invoice in Local currency and select the local currency in the field currency. Also if you have maintained individual condition types for the clearing charges and customs duty, then you can attach the vendor code of the clearing agent and customs duty for these condition types. Anyhow, the currency in those vendor codes will be local currency only and hence you can post in local currency.
Regards,
Lakshmanan Krishnan

Foreign currency invoice not shown in local currency

Dear Experts ,
Can you please help me to resole
In my company code currency is INR and my foreign currency is USD , when i posted a invoice in foreign currency it shows in print preview only in foreign currency that is USD but i want to see the local currency INR also for that invoice when in view in VF03
please tell me how to do this
Thanks in Advance
Bhaskar

Hi,
Make sure that in VF03 the document is displaying as per your criteria.
Else you need to add layout of local currency value from layout design.
better you check the table that the correct value is generating ( I mean the local currency information is updating or not)
Regards,
Sanju M S

Invoice payment other than local currency

Company code currecny is INR
Invoice booked in foriegn currency i.e. document currency EUR 100 and converted to local currency 1000 (inr)
Making the payment in INR in 1000 (INR) against EUR invoice posted, now the vendor will be cleared in local currency and no open items, balances will '0'
But the problem is amount in the doc currency balances will show two difference amounts 1000 INR and 100 EUR.
Is there are any specific settings where we can the knock off the balance lying in the document currency and balances should show '0'.
Regards,
Krishna.

You can clear the vendor using F-44 mentioning clearing currency on the selection screen as INR.
Regards,
Gaurav

Invoice in foreign currency: Different local currencies issue

Hi there,
We have two company codes 1000 & 2000 and we have a business requirement that Company Code 1000 needs to make purchases on behalf of company code 2000 using a cost object (cost center 20001234) under company code 2000.
Company Code 1000 local currency USD
Company Code 2000 local currency CAD and currency of cost center 20001234 is CAD. (We are using ECC 5.0)
We are running into an issue (Different local currencies USD CAD) when we try to post the vendor invoice in foreign currency. This error happens only when a GR (goods receipt) and IR (invoice receipt) being done on different dates, and the exchange rate changed between these dates.
Any help / pointers will be appreciated.
Thanks in advance!

Hi Ravi,
I have already configured purchase price variance account but still an error appears: "Inconsistent in FICO document: difference in first local currency".
Please take note the PO is charge to an asset account and usually any exchange rate difference should be charge to same account which is an asset account right? If the result of the difference is positive the systems allows the difference posting to the asset account but if the difference is a negative value above error appear.
Please assist me on this issue; any help would be highly appreciated.

F110- Foreign invoice paid by local currency.

Dear Guru,
We've set up all stuffs in FBZP but happened to see one small issue.
In case of foreign currency invoice, running F110 to the end we have payment document in foreign currency.
But our client wants to create payment documents in local currency.
Where should i configure?
Many thanks.
J.

Hi,
Not possible in standard SAP for APP. Automation of payment run needs to establish some rules to work it properly. You can specify an alternate currency while executing the automatic payment program.
When a vendor has invoiced you in a currency, then he also expect the payment in that currency. If you have to pay in some other currency, then book the invoice in that currency at the first place.
If you want to pay in different currency use trnsaction F-53 instead of F110 for that payment.
Regards,
Gaurav

MM invoice reversal-"Message No. M8396-Different local currencies CAD USD

Hi,
My client created a PO with two line items and both the line items have the plants belonging to the same company code with CAD currency. But the second item in the PO needed an account assignment and they are using a cost center belonging to other company code with USD curr. They have posted an invoice against this PO and now when they are trying to reverse/cancel the invoice they are not able to do. They are getting an error "Message No. M8396 - Different local currencies CAD USD".
Is there anyway that they can do this?
Regards,
Raj/
Edited by: Raj Ph on Jun 8, 2009 5:44 PM

Hello,
Refer SAP
Note 592312 - MIRO: Termination M8396 'Different local currency'
Note 457247 - Missing translation for messages
Regards,
Ravi

Invoice Posted in Local Currency - Payment in USD

How do I handle this situation -
Invoice is posted in Local Currency. (Co Code Currency)
Payments are done in USD
Please assist.

Hello All,
In our project we are facing to a big issue with different currencies in the PO conditions.
An example of the situation in the PO is the following (but should be different currencies, not always the same currency for the same condition):
    - the condition for price is in GBP
    - the condition for transport is in USD
    - the condition for "custom" is in EUR
For each condition, we have a different vendor. We work in France, so we have also the PAM activated.
Our requirement:
    - we need to keep the original amount in currency for the GR (so in this case to have 3 postings due to the currency in the header of FI posting) because due to the big amount of currencies in the company, we need to follow exchange rate at the end of the month
    - we need to enter the invoice in the currency of the condition
Today when we have a GR, the system, even if we have 3 vendors, create only one global posting by translating the different condition to the PO currency (here in GBP). In fact, when the PO is created, the condition is immediatly converted.
Does anyone have a solution to do that ? Apparently in IS-OIL solution, this kind of posting is possible. But no information is available in OSS about this point.
Thanks & regards

Help Needed: Enable local currency for Customer Invoicing

We are needing to enable local currency for customer invoicing on a project coming very soon. Does anyone have any information on the best way to get this done and/or documentation to look over? Any help would be greatly appreciated!!
Thank You in Advance!
Jay Esparza
SAP Functional Consultant

Hi
Local currency automatically gets activated as you set your company code currency.
No need to enable separately for customer invoicing
Plz assign points if it is helpful.
Regards
Tapan

How to set local currency in AR/Invoice through DI API SAP B1?

Dear Expert,
I am using DI API to add AR/Invoice document, but I can't find how to set local currency for BP with foreign currency.
This my code snip :
        oSO = oCompany.GetBusinessObject(BoObjectTypes.oInvoices)
        oSO.DocDate = dtpPostDate.Value
        oSO.DocDueDate = dtpDueDate.Value
        oSO.TaxDate = dtpDocDate.Value
        oSO.Series = cSeries
        oSO.DocNum = txtNumber.Text
        oSO.DocCurrency = doccur
        oSO.CardCode = txtBP.Text
        oSO.CardName = txtName.Text
        oSO.ContactPersonCode = cntctCode
        oSO.JournalMemo = txtRemarks.Text
        For i = 0 To dgv.RowCount - 2
            oSO.Lines.SetCurrentLine(i)
            oSO.Lines.ItemCode = dgv.Item(0, i).Value
            oSO.Lines.ItemDescription = dgv.Item(2, i).Value
            oSO.Lines.Quantity = dgv.Item(4, i).Value
            oSO.Lines.Price = dgv.Item(5, i).Value
            oSO.Lines.DiscountPercent = dgv.Item(6, i).Value
            oSO.Lines.TaxCode = dgv.Item(7, i).Value
            oSO.Lines.LineTotal = dgv.Item(9, i).Value
            oSO.Lines.Currency = doccur
            oSO.Lines.Add()
        Next
        lRetCode = oSO.Add()
        If lRetCode <> 0 Then
            oCompany.GetLastError(lErrCode, sErrMsg)
            MsgBox(sErrMsg, 16, "Attention")
        Else
            MsgBox("Operation completed successfully.", 64, "Information")
         End If
When trying to Add, system show error message " Enter valid currency code [OINV.DocCur][Line:1], '$' "
I am not lucky after trying for a day , wish enlightenment from the experts here, Thank you.
My machine : SAP B1 9 PL 4
Best Regards,
Muh.Ulfah

Hi
In the other thread I suggested that you can add document using interface first because there is a possibility that B1 doesn't accept this currency code not because you set it improperly in your code but because of some other reason, for example this currency is not valid for this particular business partner. Despite the fact that this way you can eliminate other possible problems you can also use DI to save an existing document as XML and check what is the actual currency code that B1 itself placed in the document lines object.
Afterwards you can again try to add document using DI.
btw
check this thread:
How to set local currency in sales order for BP with foreign currency through DI?
Kind regards,
Radek

Generating Invoice in Local Currency in Multicurrency T&M Project

Similar Messages

Maybe you are looking for