Multi currency payment program

Hi Experts,
how to implement multi currency payment program for international payroll. and also how to implement multi currency offcycle payments.
give me some brief procedure, right now my client doing only one currency, upgrading to multi currency payments.
your suggestions highly appreciated
Thanks
Sunny

hi
multi currency can be paid at pay sclae type and level
plz correct me
madhu

Similar Messages

  • Multi currency payments in R12

    Hi All,
    Can someone tell me if the Multi Currency payments are allowed in R12.
    To make it clear....our functional currency is LKR and invoice is in CHF and want to make the payment in USD..Is this functionality available....
    Early response is appreciated.We are on 11i....
    Thanks in advance.
    MPH

    if you raise an invoice in USD then you can make the payment of that invoice only in USD.
    please refer to the note 473351.1in metalink.
    https://metalink2.oracle.com/metalink/plsql/ml2_documents.showFrameDocument?p_database_id=NOT&p_id=473351.1
    regards,
    Shilpa
    Edited by: Shilpa Koganti on Jul 3, 2009 11:23 AM

  • Foreign currency Payment using foreign currency bank account

    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.
    If you define a multiple currency bank account for payments, the currency of the bank account must be the same as your functional currency."
    2. Payment Formats pg 2-140
    " When you define a bank account, you can only allow payment of multiple currency invoices if the bank account currency is your functional currency."
    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

  • Payment program F110 for Vendor Open Item in Foreign currency

    Dear sap Guru
    Is it possible to Ensures that no exchange rate differences are posted by the payment
    Program?  I mean: The amount in the bank posting in local currency does not result from translating the foreign currency amount at the current rate but from the total of the local currency amounts from the settled items.
    Best regards
    marco

    Dear PAtel,
    I checked and the ther eis the check box 'No exchange rate differences' anyway during the payment program execution the system is making some recalculation for open item in fc.
    Someone knows what is the coloumn "Valuation Difference" in the Dysplay Payment Proposal Open Item list?
    regards
    marco

  • How to  issue  currency notes  in  payment program for  Foreign Exchange

    HI
    I    have an issue  in   Foreign exchange  transaction  using  SPOT transaction.   Below is the  process flow
    1.   Record  the  spot transaction
    2.  Settle  transaction
    3. Tranfer  the  documents  to  FI  
    In   ( 3)   the   posting   create   posting in   the customer  for  whom  the  forex is to be issued.   
    My  QUESTION :
    I    have  to   pay  the customer   in   CURRENCY NOTES  and  NOT   by  CHECK    in  foreign currency.   The  automatic payment program  has  payment methods  viz  check, wire transfer.     How  do  I   issue   CURRENCY NOTES    or  TRAVELLERS CHECK .
    Thanks  for   a   immediate  reply.
    kamala

    Hi,
    I am not sure this is a right solution.  But I have some inputs on your requirements:
    1. For traveller cheques you may create a new payment method and do the required configuration for automatic payment program.  Don't generate any payment medium while running APP.
    2. For currency notes (cash payment) I am not sure how it works.  But probably it is possible by creating an account (account ID) for a particular house bank and use that (house bank & account id) for making payment. 
    Per my knowledge we have never used payment method cash (currency notes) in APP.  But logically it would work by create a new payment method and doing the required config for APP.
    Please update if you found a better way to do this.
    thanks & regards,
    Kumar

  • Multi Currency in One Incoming Payment

    Hi Dear;
    in sbo we can't create incoming payment with more than one currency in the ssame incoiming payment.
    i think it's better to have it.
    thank you Dear;

    Though the SBO system has an option of allowing incoming payment in multi-currency. The suitation you're talking is very rare and SBO has no answer for it, has will affect your cash flow statement.
    As all such things are discussed rite in the very beginnig i.e. even before execution of work, the user should post invoices accordingly.
    Assign points if useful.
    Thanks,
    Srikanth

  • Multi currency payroll

    Hi All,
    Kindly need your help to clarify. My client wants to implement multi currency payroll process.
    I've done some searching and come into conclusion:
    1. Multi currency in payment can be done in IT0009. This one is clear.
    2. Multi currency in IT0008 can be done using different pay scale area. I checked my configuration, and found that when creating the pay scale range, the currency box is Grey (cannot be maintained) and using default country currency. In some threads mentioned that they're using country group "99". Do we have to use country group "99" in order to enable multi currency? Or, is it enough to configure the currency from company code level? I also notice that we can configured payment/house bank/etc currency at company code level.
    Thanks and Best Regards,
    Febri

    This will depend on what you mean by Multi currency payroll - Final payments to employee at many currencies? or simply valuate wages in different currencies but final pay in single currency. Each has its own meaning and complications. Allied question to this would be what is the currency in which these multi currency payroll need to post to FICO?  Though I haven't done a configuration for such a scenario, it makes me think in the foll lines -
    If you want to Just pay in different currencies (valuate and post in home currency) - you could achieve them by setting the payment currency to the employee accordingly in IT0009. While doing the final payment, the DME program would convert to respective currency and make the payment but watch out for payment posting currency and RPCIPE00 posting currency.
    If you want to valuate  (&post) and pay in different currencies   - Payment Currency is tagged at Company code level and personnel structures are attached to Company code. So if you have different personnel structures assigned to different company code with different currency set, you could achieve multi currency Payroll. In Short effectively this would mean so many Payroll area. One Payroll area can do in one currency only.
    Hope this helps.
    Regards
    Chandra

  • Automatic payment program - error No permitted payment method exists

    Hi All,
    I am doing the automatic payment run and done all the necessary config in FBZP.
    1) Created the payment program at country level and assigned payment program
    2) Created the payment method at company code level for check and assign the Check Form
    3) Coming to Bank determination:
       a) Ranking order : given the payment method(A -> Check) ,currency(MYR), ranking order (1) and assigned to house bank (CIMB)
       b) Bank accounts : given house bank , payment method ,currency, account ID and clearing account number.
    4) assigned the payment method (A) in vendor master.
    when i run the payment run for the vendor in F110 for company code system hitting below errors:
    >  -
    Payment method selection additional log----
    > Payment method selection for items due now to the amount of MYR      112,909.38-
    >  Payment via payee/payer 0550000008                                            
    > Payment method "A" is being checked                                            
    > Payment with 28 print items, only 16 are allowed                               
    > No permitted payment method exists                                             
    Information re. vendor 500000598 / paying company code 0546 ...                  
    ......payment not possible because of reported error                               
    End of log                                                                       
    Job finished                                                                     
    please can any body help me on this.  I done the same config in DEV and QAS.  there working fine with out any issue.   but coming to PRD its giving problem.  i double confirm the config in DEV to pRD every thing fine and same.
    thanks.
    Sandhya.

    Hi...
    I did check the 1) vendor address -> No gaps
    2) My one is check printing not bank transfer
    3) I did check all the vendor line items no payment blocks. user already unblock the relevent item to make payment.
    Here weird thing is system hitting the same above mentioned error even I updated the payment method(C) and house bank (CIMB) in  each and every line item of vendor invoice.
    Thanks,
    Sandhya.

  • Payment Program Error

    While running the payment program(tcode110), I am getting a error message in the log that Account XXXXX requires a CO assignment. This G/L account is Gain/Loss Account for Currency Conversion. The document currency is USD. Is it because the payment program may be running with a different currency? I am not able to understand where the system is picking up this account from while doing the posting via payment run and how or where I can assign the CO assignment.

    the account you are using is a p&l account which is created as cost element so it requires a cost object. Go to the transaction code oby9 and assign a cost center to it . it will solve your problem
    Assign points if helpful

  • F110-Automatic payment program payment made in other countries

    I have 50 Company codes(Different countries) and one paying company code(US). Now i want to set up FBZP config. .. what should i do to enable the inter-country/inter-company payments using F110(Automatic Payment Program).

    Hi Ashish,
    In step 1 of FBZP, i.e. "All company code", when i try to enter a "New Entry", and when i try to set paying company code(which is in US) for other company codes that are outside US, i get the following error.
    "Company code <paying company code> is not permitted as the paying company code
    Message no. F3063
    Diagnosis
    The paying company code and the company code on whose behalf the payment is being made must be in the same country, have the same local currency, and display the same currencies managed in parallel. The setting regarding extended withholding tax functions (active or not active) must also be identical for both company codes.
    System Response
    The entry is not accepted since these requirements are not met.
    Procedure
    Correct your entry.
    Please advice

  • Payment program and exchange rate

    Hey Gurus,
    When i run the payment program to pay my foreign vendor in foreign currency the system does not calculate the exchange difference at the point of the payment program.
    Example.
    invoice on 9/11 for 4267.50AUD the rate 1.2154 =3511.19usd run the payment program on 9/17 the rate is 1.18840. it pays out 3511.9 instead of 3590.96usd. The difference between the 3511.19 and 3590.96 would be the exchange loss or gain.
    What is missing, or how should the system do it.
    Then when the bank pays the order at the bank rate, the rate in the books and the bank rate are different, therefore different payment amounts, how do you set up the system to reconcile the two and generate another exchange rate.
    Please
    Thank you

    Thank you for your quick response!!
    What if i don't know the banks rate at the time of the payment program, which is what the case is going to be.
    I guess my question is does the payment program calculate the exchange gain or loss when clearing the invoice , if so what settings make it do that?
    And once the clearing is done and i receive the bank statement the two amount would be different due to the different exchange rates, how do i make the bank statement reconcile the two and post and exchange gain or loss.
    Please help this is urgent.
    Thank you

  • Clearing foreign currency payments against local currency bank account

    Hi all
    We have foreign currency invoices (eg in USD, EUR) and would like to pay these from a AUD domestic bank account. Is this common practice or does the client need to enter such invoices in their external bank specific terminal to process such payments if they have a domestic currency bank account.
    How does the Electronic bank Statement (which is in AUD) clear these foreign currency invoices (EFT clearing account or suspense account). I presume we would have to post to a suspense account clearing and then do a manual post with clearing after loading the bank statement.  However, the amounts do not balance to zero as i cannot clear items off as they are in different document currencies as noted below.
    INVOICE
    cr vendor  100USD   200AUD - cleared by payment program
    dr expense 100USD   200AUD
    PAYMENT PROGRAM
    cr Sus clg 100USD   210AUD
    dr vendor  100USD   200AUD - Cleared by payment program
    dr FX g/l    0USD    10AUD
    ELECT. BANK STATEMENT
    dr Sus clg 205AUD
    cr Cash    205AUD
    What would be the standard approach for such postings from an SAP bank accounting functionality point of view.
    Is there a better way of design the above payment process.

    Hi,
    this is a hard task.
    You have to play with the GL account master data. See documentation for field "Only balances in local crcy". It is quite good described for the clearing in foreign currencies.
    Also I have some doubts that there were settings in FI for foreign currencies clearing, but I have never customize it.
    Hope I helped you (if so... points reward would be highly appreciated )
    Regards,
    Alex

  • Automatic payment program for USD

    HI,
    Can any one share the steps to configure  automatic payment program for  USD currency.
    I have done APP for  advance pyment/ clearing invoice/Terms of payment.in INR ... but wanted to know  how to make the payment to customers
    what would be the scenario where we make the payments to customer.
    Regards,
    kamal

    Hi,
    First you have to define House Bank for USD payment and assign sub bank account id for House bank,
    2. The Payment method which you are using  for USD payment should tick as foreign currency allowed in payment method in company code.
    3. In 'Bank Determination' button   Please assign Ranking Order to payment method currency and house bank as per your organization's requirement.
    4. On Bank AccountsType in your House bank name and House bank Account id and G/L account for Bank sub-account
    5. On Available Amounts  provide details as required as per house bank and account id.
    It will solve your problems.
    Regards
    Pawan Gupta

  • Automatic Payment Program - issue

    Hi,
    When we are executing the foreign currency payment through F110 we are getting the below issue.
    Scenario:
    Company code currency: INR
    House bank (for example Citi Bank) and APP customization is already for local payments. Now we have done customization for foreign payments. steps are as mentioned below.
    1. SET UP PAYMENT METHODS PER COMPANY CODE FOR PAYMENT TRANSACTIONS - here we selected "foreign currency allowed"
    2. SET UP BANK DETERMINATION FOR PAYMENT TRANSACTIONS - under BAN ACCOUNTS - we have customized as mentioned below.
    House Bank            Payment method          Currency         Account ID           Bank sub-account
    CITI                                   C                              USD              CITI1                      212002
    3. Payment method is assigned to VENDOR.
    when we are running F110 that time when we are selecting the above payment method and account id that time system is throwing the below error message.
    "Only the following accounts can be used: 000"
    This "000" is the Account ID for local payments. when i select this Account ID then system is allowing the payment but when I am selecting the Account ID "CITI1" (which is having USD currency) that time it is throwing the above error.
    So friends can you please share your thoughts on this issue.
    Thanks in advance.
    Rams N

    HEllo,
    I"m not sure if I understood all you have done but I'll try to explain:
    The payment program, in bank determination-bank accounts,  can only                        
    assign one account id for every house bank, payment method and currency.
    So,  this means that for one payment method in one of your house-banks                        
    you can only use one account ID.    
    In fact, there are bank account checks are processed at document level and the         
    functionality of changing the bank account at payment document level       
    is not available in the standard system.                                             
    On the other side, you have the opportunity to define a second and                   
    third house bank with the same bank key to meet your requirements.
    REgards.
    REnan

  • Automatic payment program process

    Hi,
    plz tell me the process of Automatic payment program?
    how to execute the program and  wht are the steps involved while running this  Automatic payment program..?
    pls give me a detailed explanation on Automatic Payment Program?
    Regards
    Ajay..

    Dear, As found..
    Automatic payment program in SAP selects appropriate invoices to be paid based on following paramete:
    1. Documents entered upto. The selects invoices entered in SAP system with entry date upto the date specified in the filed.
    2. Nex payment run date:  The progam selects invoices in SAP system whcih will be overdue or incur lost cash discounts if paid on the date specified in this field.
    When executing the automatic payment program (F110 transaction), a proposal run must be always be carried out in SAP system first. The proposal list will sometimes include exceptions.
    Common exceptions are:
    SAP Invoice contains payment block. To pay this invoice, remove the payment block when editing the proposal list (unless the payment block is one whch cannot be edited during payment proposal) or remove payment block via FB02 for each SAP invoice.
    Payment method in vendor master/invoice is different from the one specified in the payment program parameter. To pay this invoice, allocate the payment method in the parameter of the payment run to this invoice while editing the proposal list.
    Vendor master does not contain information specified as mandatory in the payment method in teh paramter of the SAP paymement program. For example, depending on the payment method configuration for the country, certain fileds such as city or PO Box must be populated in the vendor master. In this case, delete the proposal run, make the necessary changes in the vendor master and execute the proposal run again.
    Typically, Payment program pays due invoices in full. To cater for partial payment via automatic payment program, payment request will be used (optional). Down payments to staff and vendorcan also be made via the automatic payment program if down payment request was posted.
    If foreign currency invoice is paid via automatic payment run, the relevant exchange rate type should be selected in the payment run parameter. Exchange rate gain/ loss on making the payment will be automatically posted to their relevant profit and loss account based on the reconciliation account of vendor.
    The payment method specified in the parameter of the payment program determines the bank account and the GL account used to make the payment. Also, depending on the payment method, cheques, other forms and payment files will be generated.
    Continued....

Maybe you are looking for