MIRO - Import PO exchange rate amount is booked in wrong Account
Hi expert,
In case of Import PO while doing MIRO , Ex. difference should be loaded to Material or consumption as per the stock level. Some where it is loaded & some where it is heat the cost in Ex. diff unrealized
Client requirement is should always be go to Consumption / Material Account
Please tell me how to solve this probem.
thanks
gkumar
Hi,
If yur import PO is created without ACCOUNT ASSIGNMENT CATEGORY, then it will post the exch diff to material accounts only.
In case of POs with ACCOUNT ASSIGNMENT CATEGORY (either F/K), then it will post to the EXP GL of your PO line item only.
Regards,
Srinu
Similar Messages
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Exchange Rate amount is not calculating correctly in iProcurement
Hi All,
The exchange rate is mismatching when i create a requisition in the iProcurement (11.5.10.2 version).Please find the below test case and suggest me accrodingly.
Example: on 06-May-09 and 07-May-09 i have create a requisition in the iProcurement with the currency as BHD (Note: Our functional currency is USD). The exchange rate is defined from USD to BHD is .377 and this rate is fixed for the entire month.
The requisition created in the following manner:
Requisition created in 06-May-09:
=======================
Line #1 120 BHD---the exchange rate amount in USD is 318.22
Line#2 20BHD---the exchange rate amount in USD is 53.04
=========
Total : 371.25
Requisition Created in 07-May-09:
====================
Line #1 120 BHD---the exchange rate amount in USD is 318.30
Line #2 20BHD---the exchange rate amount in USD is 53.05
============
Total: 371.35
Form the above test cases can any one help me why the requisition amount is slightly chagned from 371.25 to 371.35 even though we are using the same conversion rate (.377)..plz help ASAP , this is an very urgent for ME.
Regards,
Kevin.
Edited by: kevin329 on May 7, 2009 4:53 AMhi
check whether you have maintained the exchange rate settings also check whether price is maintained -
Imported PO exchange rate - commitment amount reduction on GR
Hello Experts,
I have created imported PO with account assignment to WBS element and changed the foreign exchange rate (FER) to 50. Since the unit rate was $100 (Foreign Currency) and Qty. was 2 nos., system had increased commitment value by value 10000.
Current FER is 40, which is maintained in currency table.
When GR is taken for Qty.1, system has reduced commitment value by 4000. Hence, system now shows the balance commitment value is equal to 6000. (report S_ALR_87013558)
Ideally, commitment value should have been 5000 only.
Hence, commitment values always shows incorrect picture. Please suggest...how to overcome this problem....
Note: We donot want fixed exchange rate as we want MIGO and MIRO to happen at current rate (not with FE rate maintained at PO).
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AbhishekThanks for your advice Mr. Atif,
My client needs to be changed ER in MIRO level also, same value needs to be paid to vendor. When ever will go to f-53, if will process the open item, it is not matching to actually liability created values.
In this case how to proceed further.
Thanks and Regards -
Import Procurement: Exchange rate:
Dear Experts <
Pls tell me what is the role of exchange rate while making an imported procurement:
1.Ex rate in PO: The PO is made in INR , item price is put in USD , the system calculates the other duties n taxes in INR based on the exchange rate prevailing in the system at the time og saving the PO .
eg. Basic Price USD 100,
system ex rate at the time of PO :45 hence basic price in INR 4500/-
tax ( say CVD) @ 10 % is INR 450/-
2.Bill of entry is done at the exchange rate prevailing at the time of unloading the goods at the custom house.
Basic Price USD 100
Ex Rate considered by customs : 50
Material price 100x50 =5000
cvd @ 10%= 500/- . Thiws is the duty paid to the customs (NOT Rs 450/- as in PO) & hence this
amount is MANUALLY booked in MIRO as planned delivery cost.
3. Goods Receipt: GR is made against the PO with ref to the customs MIRO:
Here the cost of goods is taken from PO ie Rs 4500/- & tax as Rs 500/-
4. Payment to the import Vendor : MIRO is done in USD.
Goods Cost : 100 USD
Ex Rate in the system at the time of making this MIRO : 55/-
The system in this case debits the cost of goods in INR by a difference of 55-45 ie INR 1000/-
I am confused as in what should be the exchange rate in what document & what is the actual material cost in INR .
Pls give ur opinions.
Regards
AnisHi
system unless entered manually during ME21N or during MIRO takes the value of Exchange rate fromthe reference table OB08 only no where else. You may try all combinations during your PO creation it will refer the OB08 rate only since we can not enter the exchage rate during MIGO.
Similarly it will refer the OB08 table for the exchange rate of the day if the table is updated regularly on a day to day basis.
Regards -
In import PO, Exchange rate is not picking from PO
Hi All
In import PO, while doing Miro(Customs) and Migo, the system not taking PO exchange rate But it is taking Table Exchange rate.
is there any thing to be done?
Regards
manjuhi
in po header delivery/invoice tab tick exchange rate fix indicator
if u dont tick it system will pick the exchange rate what u maintain in OB08
regards
KI -
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 PMHi
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 -
Exchange Rate in MIRO differs from exchange RATE in MIGO
Hello
We use the following procedure:
- Purchase Order currency = USD, goods-receipt-based invoice verification indicator is set in purchase order
- MIGO currency = USD (We have a lot of goods receipts with reference to the same purchase order position at diferent dates, and consequently to different exchange rates).
-MIRO currency = CLP (Chilean pesos)
Invoice verification is made on a different date of all the goods receipts, using different exchange rates. The system use the document date in invoice verification for currency translation. My client needs that the system post the invoice verification using the exchange rate of the date of good receipt for each position.
Is it possible to solve this problem using the standard SAP?. I was thinking to use a user exit to change the values in MIRO screen. Do you konw what user exit may we use?
Thank youI tried the flag "Exchange rate fixed", but my client needs to make invoice verification in local currency CLP (Chilean Pesos). Purchase order currency is USD. When we set "Exchange rate fixed", indicator, invoice verification currency must be equal Purchase Order currency. This is nos the solution
Thanks any way -
Importing Foreign Exchange Rates Automatically
Hi,
Is it possible to automatically import exchange rates in SAP Business One on a predefined schedule ?Hello,
you could do that by using UI/DI addon. It is better use it since there is no standard feature to do that in SAP B1
Rgds, -
Exchange rate diff amount posted to AUC asset
Hello All,
I am stuck with one issue and looking for some help
We are creating purchase order with account assignment as projects and then doing MIGO & MIRO and then settling through CJ88 to AUC asset.
The issue is related to exchange rate difference amount posted to AUC asset.
MIGO and MIRO are done on different dates and the difference amount in exchange rate posted to GL account maintained in KDM.
Now, when i settle the WBS element through CJ88 the AUC asset is posted with amount including the exchange rate difference amount.
Business do not want the exchange rate amount added to the AUC asset.
please confirm is this the system standard behavior .
Your inputs appreciated.
Thanks
ShashiHi Shashi,
As per Accounting Standards, the asset must be valued on the exchange rate on the date which risk and reward is transferred from seller to buyer.
For example If the vendor despatch the assets on 01.03.2014 at his place and contract is Exworks then the asset must be valued on exchange rate on 01.03.2014. Lets assume exchange rate on that day is 1USD=60INR. The price is 100 USD. You receive the assets on 10.03.2014 and exchage rate on that day is 55 INR. Now if you make GR on 10.03.2014 Asset value will be 5500 INR whereas as per AS it should be 6000 INR. That is why when you do MIRO the differnce between 6000 and 5500 is posted to asset.
When you do MIRO you must enter currency(USD) in Basic data tab and exchange rate 60 in details tab.
What happens in your system is standard behavior of SAP as well as correct process as per Accounting Standards.
Hope it is clear.
Regards,
G.Sethuraman -
Unplanned delivery cost & exchange rate differences in MIRO
Hi Gurus,
while posting MIRO, I am facing the following problems. If anybody gives me reply, it will be a great help.
1. Unplanned delivery cost:
Client requirement is, these unplanned delivery costs should be added on material only.
how we can map this? how system behaves when stock is there and not there? also tell me which G/Ls will trigger.
2. Exchange Rate:
I maintained exchange rate in OB08. while doing MIRO, how system posts exchange rate differences.
which G/Ls will trigger.
in case of conditions like customs duty, cess etc how system will behave? which G/Ls will trigger?
Thanks in advance
KKHi,
According to first question:
For unplanned cost You have configuration for plant code:
Configuration: SPRO->MM->LIV->Incoming invoice->Configured how unplanned delivery cost are posted
You have 2 options:
- Distribute among invoice items
- Different G/L line
You have another option, You can assigne this cost for item when You use fright cost condition in PO (FRA/FRB)
If the stock will be available, then system incrase valuation, If not will be deviation.
G/L account for unplanned cost is taking from PRD(for Distribute among invoice items) or UPF(for Different G/L line) transaction from OBYC tcode and for FRA/FRB condition is FR1.
Question 2:
Configuration: SPRO->MM->LIV->Incoming invoice->Configure How Exchange Rate Differences Are Treated
G/L account takes from KDR transaction from OBYC tcode.
Regards
Lukasz -
Change exchange rate after MIRO
Hi Expert,
Please help me ..................
I created PO used currency USD. I didn't check "Fixed Exchange rate" in PO.,
When I'm doing Invoice received, I forgot exchange rate in Details tab in MIRO (system display exchange rate difference from PO) and I have invoice docuemnt.
I want to change exchange rate in Details tab in MIRO.
How can I do?Hi Anjali
I can't change the exchange rate in MIRO detail tab.
Please help me.
Thanks. -
Exchange rate import / Export
Hi Experts,
how we can export or import exchange rate from the "Exchange rates and Indexes" screen ?
what is the purpose of that Auto Export and Auto Import button too ?
Regards,
SanjuHi
Check this Help Page that explains, Automatic Export and Import of Exchange Rates and Indexes
http://help.sap.com/saphelp_sbo2005asp1/helpdata/en/80/2d0911952840ba937b22802bc63c6d/content.htm
ALso
Please check this thread:
Import Exchange rate table from bank
Giri
Edited by: Giri dharan on Dec 22, 2009 2:32 PM -
Importing Exchange Rates into Business One Automatically
Good Morning all,
How can I automatically import the exchange rate tables to Business One?
There is one stub called 'Auto Import' in Exchange Rate and Indexes table. Is it the one to import from external file? If yes, please explain how to do the same?
Thanks in advance.
Regards,
BalajiPlease check this thread:
Import Exchange rate table from bank
Thanks,
Gordon -
Posting of Exchange rate differences in parallel currencies
Hello experts,,
We are on ECC 6.
When we enter an incoming invoice with MIRO and the current exchange rate differs from that in the PO, the exchange rate differences in local currency and in parallel currency (group currency) post to different accounts.
Is this a standard feature / behavior? If so, where can i find the settings.
Shouldn't the postings in all currencies (except doc currency), in the event of exchange rate difference post to the same account?
The material ledger is not active.
We have maintained a local currency and a group currency.
Example to illustrate my issue -
DC = JPY
LC = SGD
GC = USD
PO for asset.
PO value = 100000 JPY
Ex rate not fixed in the PO.
Ex rate at PO -
100 JPY = 1.6 SGD
100 JPY = 0.85 USD
Ex Rate at IR
100 JPY = 1.7 SGD
100 JPY = 0.9 USD
When IR is entered,
The exchange rate difference of 100 SGD (@ 0.1 per 100 JPY) is posted to the asset. No posting in USD (though there is a balance of 50 USD).
At clearing (Transaction FB1S - GL account clearing) the exchange rate difference (in GC only, because no balance in LC) of 50 USD (@ 0.05 per 100 JPY) is posted to the Exch. rate difference GL acct.
Thanks in advance for your advice/solution.
B. Regards,
HalaswamyHello,
1. You have to assign Forex GL's for the reconciliation accounts in OB09.
2. At the time of payment for incoming invoices, system can read the valuation differences and it will post to Realized Gain/Loss accounts and B/S adjustment account.
3. You can consider this amount to issue bonus to your customers.
Rgds
Murali. N -
Hi all.
I try to fix exchange rate in a post document ( With FB01 transaction ) filling the BKPF-KURSF field, and the system displays next message:
Exchange rate of USD fixed for translation from EUR to 0,81853
The exchange rate 0,81853 is the last filled in TCURR table.
I want to fix exchange rate amount 0,7887, How I can fix this exchange rate???
Thanks
Best regards
Ismaelthe message number is F5768.
and the type is not important, it can be changed. The question is if I can fix my exchange rate.
thanks
Edited by: Ismael Navarro on Dec 21, 2007 1:54 PM
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