How to clear cumulative local currency balance of foreign currency Bank a/c

Hi,
We are facing a problem with the foreign currency Bank account from which we make payment in foreign currency but when we see the balance in local currency there is a difference.
e.g Local Currency RMB Bank Account Currency USD
Current Balance in Bank Account 1000 USD RMB rate 0.275 Balance in Local currency 275
We make a payment of 1000 USD at that time rate is 0.270 Payment in local currency i.e. 270
When we display of GL Balance of Bank account it is showing 0 balance but balance in RMB still showing 5 KWD which is not correct as we dont have any balance in USD. How to avoid this situation.
Regards,
Nirmala S.

You have to configure realized and unrealized exchange rate gain/loss accounts in transaction code OB09 for all your foreign currency balance sheet accounts. Once this configuration is done, you have to perform foreign currency valuation (F.05 or FAGL_FC_VAL) to clear the balance in local currency and post it to unrealized exch. rate gain/loss accounts configured in OB09 above.

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How to clear local currency balance in foreign currency account

hi,
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i tried f-02 to post EUR 0 and balance which in USD i enter in amount in local currency field but when simulate, the system converts the USD amount for EUR and EUR with an amount.
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Dear ,
can u give me the details
what is the invoice transaction (Entry
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what is the difference values.
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How we can get the Trial balance in other currency -USD now.

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Hi,
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Hi Chandra,
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Hi,
i'd use 2 fm's:
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Dear All,
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or
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Hello Friends – We have got few GL Accounts maintained in foreign currencies and posting also made to these accounts. Now, for some reasons, we need to change their currency to Company Code currency.
We have referred SAP Notes – 146824 and they say that it is possible to change the currency to local currency.
My doubt is that when I change the currency, I should reclass the balance to zero, once done, and then reclass the balances back.
Or I can directly change the currency?
Can you pls advice.
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Hi
There is absolutely no problem in changing an account currency from foreign to local currency. This is because, when you have the account currency as local currency, transactions in any currency can be posted to the account including the foreign currency in which the account was previously maintained. You do not need to set/reset the account balance for this change. Please also look at the below links which are helpful:
Change Account Currency - Implications | SCN
http://books.google.co.in/books?id=WuhM4yEffEUC&pg=PA19&lpg=PA19&dq=changing+the+currency+of+a+G/L+account&source=bl&ots…
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Sowmya

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Hi all,
My customer deals in foreign currency say USD, where as local currency is INR.
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Samir Gandhi

Hi Samir,
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If you use a particular bank account for trading with a particular foreign country, the account currency & the BP currency should be set to a single FC. If a particular bank account is used to deal with various BPs using various currencies, that account should be set up as MC, yet we would recommend you set the BP as single FC.
There are some relevant Expert Empowerment Sessions available in the archive:
[Exchange Rate|http://service.sap.com/~sapidb/011000358700000315572008E.zip]
[FC & SC are the same, why don't they match?|http://service.sap.com/~sapidb/011000358700000326672008E.zip]
Also, please have a look at the Expert on Phone Newsletter May2008:
[How to reconcile a foreign currency only journal entry for a multi-currency Business Partner|https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=25494259]
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Hi,
We have the following requirement:
Functional currency : GBP
Bank Account :USD
Need to make payments in CAD
Since the bank account is not in functional currency we are unable to make that multi currency payment enabled. Users do not want to create a functional currency bank account.
Now how to overcome this situation ?

Hi, I am referring to paying foreign currency (ap payments) using non functional currency bank accounts. Are you referring to payment or receipts in foreign currency ?
Please refer the in 11i ap guide
1. pg 2-104
"Dening Multiple Currency Bank Accounts
A multiple currency bank account is an account that accepts payments in more than one currency.
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2. Payment Formats pg 2-140
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These 2 states that you can pay suppliers in foreign currency only if the bank acct currency through which you are paying is same as functional currency. But my bank account currency is different from functional currency.
Since you say you are doing , I am quite interested to find out more.Can you please let me know your currency setups on the bank and payment format.
Thanks

Foreign currency posted to Foreign currency G/L account

Hi all,
I want to ask something.
Say I got a G/L account with the account currency USD. Say this G/L account is 10000 - Swiss Bank (USD)
Say the exchange rate goes like this,
         USD       SGD
Jan     1             1.1
Feb    1             1.3
Mar    1             1.4
So the G/L account balance is zero as of Jan.
Say in Jan I use fb50 to post 1000 USD to this bank.
So there is a +1000 USD and +1100 SGD to the bank.
And in Feb I do not post anything, so comes Mar, the balance in the bank is still 1000 USD and 1400 SGD.
Say in Mar, I use fb50 to take out 1000 USD. So says it will takes the exchange 1.1, and there will be a -1000 USD and -1400 SGD from the bank.
So the balance will be 0 USD and -300 SGD? Is that correct?

Hi,
Since this is realized exchange loss, it needs to be transfered to exchange gain/loss account. If you have maintained this account as open items, then you can do this by clearing the open items. If not, you have to pass a manual entry.
Let me know the t-code you used for the second option. It'll help me to understand the scenario well.
Regards,
Inoka.

How to clear cumulative local currency balance of foreign currency Bank a/c

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