Indirect rate to be put as Direct rate in TCURR in the past?
Hi,
We used to store all the rates as direct from 2001 to 2003 but then after 2003-2014 we started using indirect rates for most of the currencies. What if we put indirect rates instead of the direct rates in TCURR from 2001-2003? I tried to put the indirect rates from 2001-2003 in TCURR(OB08) in the test system and they appear red, probably because OBBS settings have not been changed.
What is the impact of changing a direct rate to an indirect rate of the past dates...we are not going to change the current rate from 2003 till 2014.
Please advise.
Dear Teejay,
kindly take a look on Note 783877 - Currency translation: FAQ - especially on part "V. Customizing changes":
2. What should I consider if I want to change the standard notation from direct to indirect quotation, or vice-versa?
The system uses the standard notation to decide if it should determine and propose a directly or indirectly quoted exchange rate from the rates stored in TCURR for exchange rate types with a reference currency (table TCURV-BWAER is filled). In spite of this, you can enter a directly or indirectly quoted exchange rate in a posting transaction
Adjustments are therefore non-critical.
Best regards,
Vera
Similar Messages
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Hi Guru's,
Can i know the difficulties in switching from direct to indirect rates.
Currently in SAP we are inputting direct rates (eg .89694) for the conversion from USD to CAD. This is causing FX issues when it comes to interco invoice processing as well as completing the Management report. I would like SAP to switch to using the indirect rate (eg 1.1149).
Thanks for your help and will assign good points.
ThanksWell, I have this wonderful SAP-documentation:
All R/3 applications and functions process exchange rates using the direct quotation as well as the indirect quotation. Whether the exchange rate is defined or communicated using the direct or indirect method of quotation depends on the market standard or the individual business transaction. The use of indirect quotation is neither application nor country-specific - it affects all the components in which exchange rates are used.
The direct quotation is also known as the price notation: The currency value is expressed in the local currency per unit of foreign currency. The indirect quotation is also known as the volume notation: The currency value is expressed in units of the foreign currency per unit of the local currency. Example:
local currency: EUR, foreign currency: USD
direct quotation: 1 USD = 0.92000EUR
One unit of foreign currency USD costs the displayed number of units of local currency
indirect quotation: 1 EUR = 1.08696 USD
For one unit of the local currency EUR you will receive the displayed number of units of the foreign currency.
For each currency pair you can define either the direct quotation or the indirect quotation as the standard notation for the exchange rate. If the exchange rate you enter does not have the same quotation as the standard quotation set up here, the exchange rate is highlighted to show this.
From a mathematical point of view, it does not make any difference, you only need to be consistent. You cannot have one exchange rate as direct, another one as indirect quote. This will lead to hilarious figures in documents where you have items in local and different foreign currencies.
The numerical issue is that you may gain more reliability for certain rates where you will lose a significant digit depending on direct/indirect. It was quite different to do a direct quote of the Italian Lira against the Euro as compared to the indirect quote. However, there are additional settings that help circumvent this problem.
Hope this helps. Just remember: The main thing is to be consistent.
Kind regards,
Rudolf -
Exch.Rate Type for Determining the Proposed Rate
Dears,
I defined, in the document type to be used for Goods Receipt, the field T003-KURST (Exch.Rate Type for Determining the Proposed Rate) equal to u2018Pu2019: exchange rate type used also for standard translation for cost planning.
Then, I created a Purchase Order using a vendor in foreign currency, and in the header section within tab u2018Delivery/Invoiceu2019 in field "Exchange Rate" I filled in the exchange rate valid at the moment of the Purchase Order creation and I also put the flag in the indicator "Fixing of Exchange Rate".
Afterwards, I posted the Goods Receipt against the Purchase Order created at the previous step.
My expectations were to find in FI accounting:
- 1 line item for stock increase (transaction BSX) valuated using the exchange rate defined in the document type in field T003-KURST;
- 1 line item for GR/IR increase (transaction WRX) valuated using the exchange rate defined in the Purchase Order and indicated as fixed;
- 1 line item for difference (transaction PRD) between stock and GR/IR.
but when I checked the accounting document, these my expectations were not met, because:
- the line item for stock increase (transaction BSX) has not been valuated using the exchange rate defined in the document type in field T003-KURST, but a differet exchange rate that I didnu2019t find defined for this couple of currencies;
- the line for GR/IR increase (transaction WRX) has been valuated as expected using the exchange rate defined in the Purchase Order and indicated as fixed;
- the line item for difference (transaction PRD) between stock and GR/IR has been created.
The help (F1) for field T003-KURST, show the following indication:
Exch.Rate Type for Determining the Proposed Rate
Rate type under which the proposed rate is defined for foreign currency documents.
Use
If no exchange rate is specified in the document header when entering documents in foreign currencies, the system will automatically select a rate from the currency translation rate table. The system then converts all amounts in the document's line items using this exchange rate.
The system uses the average rate as a default value as long as no other exchange rate type is entered here.
Based on this message, my expectation is that all documentu2019s line items have to be converted at the exchange rate type defined in field T003-KURST. And in the case mentioned above, the line for stock (BSX) should be converted at exchange rate type defined in field T003-KURST.
While, correctly, the line for GR/IR (WRX) has been converted at the exchanged rate fixed in the purchase order.
Can you please let me know how can be fixed the problem for the line related to the stock allowing the conversion using the exchange rate type defined in field T003-KURST?
Thanks and Regards,
JodyHello Jody,
kindly consider the information contained under the attached note:
191927 - Posting logic: GR for foreign currency PO.
As stated in it:
Postings to the material stock account (BSX):
In order to be able to determine the value of the stock posting, the
valuation methods which exist in the material master in local currency
(standard price, total value of stock) must be converted into document
currency. This translation is thus carried out on the posting date with
the exchange rate type that is assigned to the FI document type used,
that is, independent from the exchange rate defined in the purchase
order!
If no exchange rate type is assigned to an FI document type, the system
uses exchange rate type M.
Please, check in your system the settings stored in the customizing
transaction OBF4 for the document type WE (Goods receipt). If the field
'Exch.Rate Type for foreign currency documents' is empty, the exchange
rate type M is used.
The fixed conversion rate in the purchase order refers to the valuation
approach in the purchase order and, therefore, to the costs for the
purchased material. Therefore, the posting amount to the GR/IR clearing
account (WRX) is converted according to the fixed conversion rate in the
purchase order header.
On the other side the fixed conversion rate in the purchase order is not
designed for converting the posting values to the material stock account
(BSX). This conversion reflects the situation of the valuation of the
material stock and is therefore designed to be independent of the
conversion rate defined in the purchase order. This is what note 191927
outlines.
In the note 191927 you will also locate relevant information about the
postings to the KDM key:
Exchange rate differences (KDM):
As of Release 4.0A, exchange rate differences (KDM) can be posted to a
separate account. The exchange rate differences result from the
difference of the clearing value on the GR/IR clearing account (WRX) in
document currency that is translated to the current exchange rate stored
in the system in local currency from the clearing value in local
currency that is determined with the conversion factor from the purchase
order or the invoices.
The offsetting entry for the exchange rate differences is settled with
the price difference.
(Price difference = GR/IR amount - stock value - exchange rate
difference)
KDM is only posted during the GR if the flag T169P-XPLCU is initial,
therefore, KDM postings will not occur during incoming invoices.
This is determined in the IMG path:
Materials Management
-> Logistics Invoice Verification
-> Incoming Invoice
-> Configure How Exchange Rate Differences Are Treated
Here, you have the following options per Company Code:
.- The exchange rate differences will be calculated from the difference
between the exchange rate at the time of the goods receipt and the
exchange rate at the time of the invoice receipt.
.- The exchange rate differences will be calculated from the difference
between the exchange rate at the time of the invoice receipt and an
assumed exchange rate that is valid for a specific amount of time,
such as a year or a season.
.- No exchange rate differences will be calculated. Instead, differences
from exchange rate variations will be considered as price differences
and posted to a price difference account.
The field T001A-CURDT for the company code will determine which date is
relevant to calculate the exchange rate difference.
This is set under the IMG path:
Financial Accounting
-> Financial Accounting Global Settings
-> Company Code
-> Multiple Currencies
-> Define Additional Local Currencies
So, finally, the value for KDM calculates as difference between
GR/IR amount in local currency - GR/IR amount in foreign
currency*exchange rate.
I hope this information can be of help.
cheers
ray -
Sub: Tax Combinatiom. Tax rate, tax Amount in the print lay out design of t
Dear all,
Sub: Tax Combinatiom. Tax rate, tax Amount in the print lay out design of the A/R Invoice
I have to Create a Print Lay out design of the A/R invoice for the Indain standrad please provide me some solutions for the following problems to locate the Tax combinations,Tax rate and the Tax amount in the PLD A/R Invoice ,
PACAKGE SAP B1 2005B
Need a standrad solution as per the requriment
Eg: Row Level
Tax Code created is BED+VAT
Tax combination details is
Name of Tax type Rate
Excise 16%
Ecess 2%
Hcess 1%
VAT 4%
Row No Item Qty UnitPrice Tax code Total(LC) Tax Amount
1 X 10 10000 BED+VAT 100000 21139
(Excise =16000,Ecess=320, Hcess=160, VAT=4659)
2 Y 5 20000 BED+VAT 200000 42278
(Excise =32000,Ecess=640, Hcess=320, VAT=9318)
In Print Lay out Design Requried is the deatils of Tax code combination , Rate and the Tax Amount in the followig way
Excise 16% =48000
Ecess 2% =960
Hcess 1% =480
VAT 4% =13977
Please send the feedback as early as possible urgently requried
for the further details send the feedback
Reagrds
Mr.ChitrasenHi experts,
Pls anybody have an answer to my question, i'll be very thankfull to u,
I wanted to display the Tax Break ups in Invoice say,
ECess 25
Vat 56
Excise duty 32
I've tried a lot with many of the SAP Forum thread but the results is not satisfactory..am using SAP Business One 2007 b
pls anybody who can guide me with step by step PLD creation for this problem.
I done the below steps in PLD
In Repetitive area 1
Field_1: Table-> OSTA
Column-> Type
Field_2 : Table-> OSTA
Column -> Code
Field_3: Table-> OSTA
Column-> Rate
Field_4: Table-> OSTA
Column-> Name
Field_5: Table-> A/R Invoice Tax amount per document
Column-> Tax amount
Field_6 : Table-> A/R Invoice Tax amount per document
Column-> Base amount
Field_7 : Formula -> Field_6 * Field_8
Field_8 : Formula-> Field_1==1
NOW I SORTED REPETITVE AREA 1 WITH 'SALES TAX AUTHORITIES;cODE' AND TICKED THE CHECK BOX 'SUMMARY'
AND MADE THIS REPETITIVE AREA INVISIBLE.
IN Repetive area footer
F_01 : Formula-> Field_4
F_02 : Formula-> Concat(Round(F_rate,0), '%')
F_03 : Formula-> Round(ColSum("F_tax_amount"),2)
I grouped the Repetitive area footer as Group 1
here i get the result but the Tax Rows are repeating and Tax amount varies for VAT for each rows
pls help me guys...
Thanks in advance,
Dinesh
Edited by: Dinesh S on Dec 23, 2011 1:28 PM -
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BILLING TO ACCOUNTING - FOREIGN EXCHANGE RATE IN THE PAST
Hi All,
1. In FI, we are maintaining translation rates on regular basis and the translation (FI)/ pricing (SD) date is our reference in SD transactions from Contract to Billing.
2. In Contract, we maintain foreign currency, exchange rate, and pricing date. Here in the contract, we are currently billing an item in the past using exchange rate in the past as well.
3. However, when we pass this to billing, pricing date is updated on its current date.
4. Because of this, accounting entry that was recognized was also translated on current date.
Is there any way that we can change the pricing date to the Billing Document so that the accounting entries will pick up translation rates maintained in the past. Please advise.The issue was resolved by also maintaining exhange rate inside SO/Contract in "Exchange-Rate Accounting" field.
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Fixed exchange rate in PO vs the exchange rate maintained in OB08
Dear experts,
When I input a PO in ME21N, I noticed that there is a field letting me to input exchange rate.
And I also know that the exchange rate the system automatically picks is from what we have maintained in OB08.
Can I understand that if we have no value input in ME21N, then the systems picks the exchange rate we setup in OB08 when we post invoice in MIRO?Let me take an example to check if my understanding is correct.
In a German comapny, one PO is created in USD.
The exchange rate from USD to EUR is already maintained in OB08. I did not tick the fix indicator (not matter I input any rate in PO). The system will pick the rate from OB08 in MIGO and invoice posting, right?
Another scenario, I input the specific exchange rate in PO, and tick the fix indicator. The system will pick the rate from PO for MIGO and invoice posting, right?
Is there any chance we can input differenct exchange rate in GR or invoice from the one we used in PO? -
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Hi Eriksimon,
Firstly, thanks for your message.
What I meant by "hi pass mid pass shrinking in" is EXACTLY what you menat, I got a heavy bass and muffed high and mid content. Apologised for my poor English.
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new project help
What computer operating system is your Premiere Elements running on?
Have you gone through the typical drills of
1. Latest version of QuickTime installed on your computer with Premiere Elements?
2. Running program from User Account with Administrative Privileges as well as from Run As Administrator applied to the desktop icon
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3. Does problem exist with and without the antivirus and firewall(s) disabled?
4. Even though the Premiere Elements 12 Editor will not open, can you open the Elements Organizer 12?
If Yes to all of the above, please review the following for a possible solution...
ATR Premiere Elements Troubleshooting: PE12: Premiere Elements 12 Editor Will Not Open
Please review and consider the above and then we can decide what next which might include trying to open
the program directly from the .exe files. (If Windows 7, 8, or 8.1 64 bit, Local Disk C\Program Files\Adobe\
Adobe Premiere Elements 12\ and in the Adobe Premiere Elements 12 Folder are the Adobe Premiere Elements 12.exe
and Adobe Premiere Elements.exe files. Double click the Adobe Premiere Elements .exe file to try to open the project.)
We will watching for your results.
ATR
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