Multiple currencies, Foreign currency valuation

Hi All,
How to configure multiple currencies and Foreign currency valuation.
I would appreciate if somebody briefs on this topic.
Thanks
Dev

Dev
See if this helps
http://help.sap.com/saphelp_erp2005/helpdata/en/7a/4c3d494a0111d1894c0000e829fbbd/frameset.htm
http://help.sap.com/saphelp_erp2005/helpdata/en/96/8b331243ce11d189ee0000e81ddfac/frameset.htm
Thanks
Sat

Similar Messages

Question on Foreign currency

Can any one help me to clear this question.
Can accounts with a foreign currency can be posted to any currency ?
Thanks.

Brother, I already anser the question that you can not post the document in any currency if maitained the account in foreign currency.
http://help.sap.com/saphelp_erp2005vp/helpdata/en/c7/a89dd243dd11d182b30000e829fbfe/frameset.htm
Further study the course :
AC260: Additional Feature in Financial Accounting , Chapter 3 ( parallel Currency)
AC200: Accounting Customizing 1: General Ledger. Accounts payable, Accounts Receivabale
Uint: 2 Master Records ( this is the statmenet that SAP Write)
<b>
" Account in Foreign Currency</b>
If you select a foreign currency as account currency, you can only post amounts in
this foreign currency to this account.
The transaction figures and the line items are managed in the account currency
and in local currency.
Example: A company has a foreign exchange account in US dollars at its house
bank. The corresponding G/L account in the general ledger is also managed with
account currency USD to ensure reconciliation with the bank account at any time."
I also test the same in system, When I try to post the document other than account currency (foreign currency)
system display the following error
Postings to account A01301 (company code 7800) are only possible in currency USD
Message no. F5353
Diagnosis
G/L account "A01301" is managed in "USD". For this reason, it is not possible to post amounts in "INR".
System Response
The data canot be updated.
Procedure
If you want to post a gain or loss from exchange rate fluctuation to a foreign exchange account, you must use the Foreign currency valuation function.
Proceed
If you do not want to do this, correct currency key "USD" in the master record of G/L account "A01301" in company code "7800".
Proceed
Thanks
Message was edited by:
MSiddique

Foreign currency report

hi friends
our client is indian . have more than 20 compnay codes under one client each company code maintain the inr .he want foreign currency reports . how to conver form inr to foreign currency reports(usd,euro)
pls explain with settings very urgent
regards
shiva

Hello
When you post a document in foreign currency, the system stores the amount in both local currency and foreign currency in each line item. The system checks whether the currency key has been defined and is therefore permitted.
Foreign currencies are needed, for example,
To post and save receivables and payables in foreign currency
For handling payment transactions in foreign currency
Managing accounts in foreign currency (foreign currency balance sheet accounts)
Carrying out the consolidation and reporting for groups.
In the line items, all amounts are saved in both currencies. These include the posting amount, tax amount, and cash discount amount.
Prerequisites
You have made the following specifications in the Implementation Guide under Global Settings:
Currency key for each currency
Number of decimal places (if you do not require the usual two decimal places)
Local currency per company code
Exchange rate between local and foreign currency
In the master records for the G/L accounts, you have to define the currencies you can use to post to that account.
If exchange rate differences arise during clearing or valuating of items or accounts in foreign currency, the system generates postings. To enable the system to do this, you must have defined G/L accounts and posting keys.
Activities
To specify the foreign currency for your document, enter the appropriate currency key in the Currency field in the document header. There are several ways to enter an exchange rate:
· Enter a posting date and the currency key in the document header. The system automatically transfers the exchange rate valid on the posting date. Exchange rates are defined in the system.
· You can also enter the exchange rate directly in the document header via the currency key and exchange rate fields.
· Enter a translation date in the document header. The system then automatically takes the exchange rate valid on this translation date.
The valid exchange rate is the one entered on the posting date or on the translation date, or the rate entered at an earlier time. For example, if you post a document on August 25, but the last exchange rate in the system setting is from August 22, the system uses the exchange rate from the entry on August 22.
You can enter the amount in each line item in both local and foreign currency.
You can enter documents in any foreign currency for which a currency key is defined in the system. If you manage a G/L account, for example a bank account, in a foreign currency, you can only post documents to this G/L account in the account currency, that is, the foreign currency.

Problem in F.05 in foreign currency valuation

Hi all
we are facing some problem in the F.05..that is we are getting some amount difference in one company code 6000
but we do not have any issues with the forex revaluation. We are following the same process for both the company codes i. e 4000 and 6000 for forex revaluation ( T Code: F.05).
In both the postings Balance sheet preparation valuation was selected. Only when we are knocking off the customer open line item against the payment, Forex revaluation entry is not reversed incase of company Code:6000. For company code:4000 documents are properly posted.
Our question is why is the system is not reversing forex revaluation documents for company codes:6000?
Can any body please help me out for this issue and let me know if you want more explian
Thanks in advance
Regards
vamsi

Hi Vamsi,
Just check whether in Company Code 6000 you have activated Delta Logic. If it is activated, then whether for the Company Code 6000, you have posted the document as Year end Closing Valuation. If it is year end valuation, then the System will not reverse the Foreign Currency Revaluation documents.
Regards,
Amit

Foreign currency valuation for GR/IR clearing account is repeatedly posting

While executing foreign currency valuation (program SAPF100) through T code F.05 the following fields are selected for the spotted rate valuation for currency type 10.
A)     Valuate G/L account open items
B)     Evaluate GR/IR account (GR/IR clearing account is selected)
C)     Valuate customer open items
After execution the valuation postings are repeated in GR/IR FC valuation Balance sheet adj account while the postings in other accounts occur only once.
GR/IR FC valuation Balance sheet adjustment account is configured in OB09 for GR/IR account for respective currency type and local currency.
What could be the reason for repeated postings in FC valuation account?

I think there is some issue with the process, normally vendor/customer reconciliation account or some liability assets related account which has impact due to foreign currency rate changes needs to be revaluated. I don't understand why you have set up foreign currency valuation for GR/IR account, these are intermediatory account which reflects in system between for example GR and IR.
I also think that you need more information on foreign currency valuation, basically it happens on a particular key date and gets reversed on key date + 1, because revaluation is only required on a key date for reporting purposes. on the next day it get reversed and actual loss or profit on foreign currency only gets booked on realization.
Hope this helps!!!
Murlidhar Khatri

Foreign Currency Loan (with multiple re-payments schedule)

Hello Experts.
Please provide me with your inputs on product types to be used for foreign currency loan borrowed with multiple repayments schedule
For Ex:
I took foreign currency loan on 1st July 2013 - 10000$ @ 1% interest.
Now I need to make payment of 2500$ after every six months.
Like 2500$ on 1st January 2014
Another 2500$ on 1st July 2014
Third installment 2500$ on 1st January 2015
Final part 2500$ on 1st July 2015.
How do i map above scenario?. Is there some separate product type for such scenario. At present, I am using product type 55A which has one end term.
Please provide with your inputs.
Deepak

Hi Deepak,
this is quite straightforward - you can use e.g. Product type 55A (Product category - 550 - Interest rate instrument) and in a tab 'Structure' in a field group 'Repayment structure' choose '2 - Installment repayment' and specify an installment amount (in your case 2500$) and also frequency of the installment repayment (like 6 months in your case).
of course, you have to verify that relevant Condition types are correctly defined in Customizing.
Kind regards,
Renatas

Error while running the foreign currency valuation

hello frnds,
i got the following error while running the foreign currency valuation.
No accounting principle assigned to valuation area
Message No.fr894
Diagnosis
In customizing the valuation area is not assigned to an accounting principle. You can use the accounting principle to define the general ledgers in which posting takes place.
System Response
Error msg
Procedure
Assign the valuation area to an accounting principle.
Above is the error message, but I created valuation area and assigned it to an accounting principle.
Guide me with some inputs.
Regards,
Siva

Hi,
Please check the following path
IMG > Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Parallel Accounting > Assign Accounting Principle to Ledger Groups
Whether you have defined the Accounting Principles to Ledger Group?
Regards,
jigar

Error when using automatic clearing (F.13)with foreign currency valuation.

Hello all
below is our problem, please suggest us a solution
We are experiencing a problem when running the automatic clearing in SAP. Somehow, the system seems to clear (with no reason) open items created with the revaluation of foreign currency.
Let's say that we run the valuation of open items in foreign currency for December 31, and we run the program to post the reverse entry as of January 1 of the next year. As a result of this valuation, the system calculates a loss of 10 euros. Therefore, it posts a document with a debit entry of 10 into the Loss account, and a credit of 10 in to account where the valuation was carried out. This document has a posting date of December 31. The batch program also creates the reversing entry, this time a credit entry into the Loss account, and a debit into the original account.
If now, we try to run the automatic clearing (F,13) on December 31 for those accounts, the system will create (automatically) a document on December 31, similar to the reversing entry that the valuation created, clearing at the same time, the first document that the valuation originally created.
The final result then is that the valuation makes a posting, and we end up having two reversing entries. Does it make sense?
In our scenario in the system P70, for MX10, we have a foreign currency valuation run on December 31st, which posted the document numbers:
1) 5100004579/2008, for a total of 0 euros, and 240,483.17 MXN. Credit to account 11081108 Finavigate cash receipt bank collect.CMG MXN.Debit to account 18601000 Losses f.foreign curr.valuation on financial trans
2) In the same batch, the system also books a reversing entry (doc 5100000042/2009) with posting date 01.01.2009 with exactly the same opposite entries as in the previous document.
3) After this, we run the automatic clearing with posting date 31.12.2008, and now, the system creates automatically the document 5000003236/2008, which clear the original document, 5100004579.
The final result, as you can see, it's out of balance, there is an additional document that we need to reverse.
Thanks in advance
sujatha

To my knowledge you get do two things:
1. In F.13 transaction don't include both the GL accounts where the Dr. and Cr. posting from the valuation run have taken place. With this the system won't find the matching entry.
2. If you want to use all the GL accounts in F.13, then check the clearing procedure configuration and make suitable changes.
With the info provided, this is the only thing I can suggest.
Regards,
~Vishal.

Error while running foreign currency valuation program FAGL_FC_VAL

Hi
this is regarding foreign currency valuation in ECC6.0 with EHP4
i have done the revevent setting in spro and while execturing TC FAGL_FC_VAL agetting following error:-
Incorrect account determination: 1000 10 200010
Message no. FR257
in customization, i have assigned P&L and balance sheet account against above GL (OBA1 -> KDF).
any idea where i am wrong. Please reply.
regards
DD

Hello Devi,
This account managing with open item? Can you check G/L account master data?
If yes,
You should check your customizing OBA1 -> KDF. I think you filled currency and currency type on OBA1-KDF. If you don't have different P&L ve balance sheet adjustment account for each currency and currency type, you can pass initial for this field. ıf you use different balance sheet adj. account or P&L account for each item, you must assign write criteria.
For example your company code currency is USD and you have a customer reconcilation account which has EUR currency, you should assign EUR currency for this account on OBA1-KDF. Please check in FS00 for this account, exchange rate difference key must be empty if this account managing with open item.
Regards,
Burak

SD invoice can't be reversed due to foreign currency valuation

Hi,
I have an invoice which relates to an Sales order,it was posted in several months again(cross monthly closing). Now I want to reverse this invoice,but the system can't cancel the relevant FI document due to we have done the foreign currency evaluation at last month end.
The error message as:
===========================================================================
Reversal of document 0220v1 1100004518v2 2009v3 not possible in FI
Message no. F5A005
Diagnosis
Item &v4 in accounting document 0220 1100004518 2009
was valuated with an open item foreign currency valuation.
System Response
Document cannot be reversed.
===========================================================================
How can I accomplish this job?
Any input is appreciated.
Thanks,
Don

Hi Mike,
Reset the Foreign currency valuation run? I am not sure about your suggestion. Does it means that I just key in the "reversal posting date" and "reverse post.peried" and don't key in "Document date","Posting date" and "Posting period",it is right? And then how to check the document being reset or not? (Just check if there have the document or not,when test run.)
Or I need to select a reset valuation method?
Thanks,
Don

Foreign Currency Valuation - GL at the time of clearing of open items

Hi experts,
We valuate the open items (Balance sheet items) in Company Code Currency without checking the reversal option.
At the time of clearing of these open items, the GL used for reversal of the valuation difference is been different.
GL mapped in OBA1:
Exch.rate diff realized
Loss/Gain: 716000
Valuation: Loss/Gain - 716001
Bal.Adj 1: 101699
Translation:
Loss/Gain: 716000
Bal.sheet adj -Loss/Gain: 716001
At the time of clearing of open items:
The entry which is getting passed for the reversal of the valuation difference is some time posted to GL: 101699 and sometime to GL 716000. The off-setting GL been Clearing GL(which is been valuated).
Could someone kindly through some light as to why the system behaving in such a way. We expect the GL at the time of reversal to be 101699.
Thanks in advance.

Hi Pradeep,
The principle of foreign currency revaluation works as follows for the open items like AR, AP and Bank Balances:
At the period end the system revaluates the open items (or balances, as the case may be) with the period end exchange rate and thus posts the difference between the original exchange rate (at the time the open item was created) and the period end rate. This could be loss or gain due to revaluation. One side of the entry is P&L (7...account) and the other side is the balance sheet (the balance sheet account typically comes from AR, AP or Bank/Cash range).
This loss or gain is not realized since at the period end the open item is still out there. When you clear the open item, the loss or gain due to the latest exchange rate is realized immediately and is posted to realized loss or gain, with an offset to the original balance sheet account.
I hope the above helps.
Sharabh

Foreign currency valuation differences for reconciliation accounts

Hi gurus,
we have run the transaction FAGL_FC_VAL - Foreign Currency Valuation (New), now i try to make a report summirazing valuatin differences of the open line items by customer, vendor and gl account. however i cannot found the tables which the valuation differences are recorded. ( i dont find the values in the table bsbw in any FI document)
the customizing is (tcode oba1)
Exchange Rate Dif.: Open Items/GL Acct:
for customers:
G/L account: 1201xxx
Bal.sheet adj.1: 1209xxx
loss: 65xxxxx
gain: 64xxxxx
can you help me?
thx.

Is there any way to keep track of FC valuation differences by customer basis?
i dont see how much FC differences occured for a spesific customer!

Foreign Currency Valuation Values Conversion

Hello SAP Experts!
We are migrating from 4.6B to 4.7 and we are working in the vendor, customer and G/L accounts open items conversion.
In the present system (4.6B) the users use transaction F.05 for foreign
currency valuation with the flag "Bal. sheet preparation valuatn" activated. This means, that the valuation difference is not reversed
but it is stores in the field BSEG-BDIFF of the affected open item.
Now we are trying to convert those foreign currency open items with a
batch input to transaction FB01. However, the fields BSEG-BDIFF do not appear in the dynpros and we could not find a way to make them optional to enter the value of previous revaluations.
We have thought of transaction F-05, but there is no way there to reference the revaluation that is being posted to the affected open item. T
If we do not enter this amount in that field we will have problems
after the go live to pay those items, as the "Bal. sheet adj. 1"
account balance will never be zero and the gain/loss accounts for exchange rate difference will be duplicated.
Do anyone know how can this be done?
Hope you can help me on this one.
Many thanks in advance.
Regards!
Noelia

Hi Dominic!!
Thanks a lot for your answer. Yes, they are separate systems
Let me see if I understand your suggestion:
1) I should do a manual posting through F-05 in our 4.6B system bringing the balance adjustment account and the exchange rate difference account to zero.
2) Transfer the balances to 4.7.
3) In the first closing period run the automatic foreign currency valuation
(through F-05) with the flag "Bal. sheet preparation valuatn" deactivated so that the system revaluates the open items from the time the open item is created to that moment.
is it like that?
Many thanks for your help again!
Best regards,
Noelia

Foreign Currency valuation reverse

Hi All,
Foreign currency revaluation we do every month end to reverse posting of all open items i.e vendor, customer and G/L accounts and Reversal is usually done for the next day which falls into next posting period. when do this steps I made a mistake, T-code FAGL_FC_VAL
under Posting Tab
the document date and posting date is 31.10 and by mistaken Reversal posting date I given 01.08 (instead 01.11), the batch was created and entries were posted. So please help me how can I reverse this posted entries? once reversed then, I can do the Revaluation again with proper date.

Hi,
I tested same Scenario in our test client to reset. The system reset all documents but when I try to post again in FAGL_FC_VAL with correct reversal posting date, after execute the system says List contains no data. Then I checked in messages, those document already valuated with valuation are 01 on 31.10.2011.
How can I reverse on the proposed reversal posting date? Please suggest.

Onlybalances on local currency - incorrect foreign currency valuation

Dear all,
I have the following problem:
My customer created some manual accounts and did tick the box for only balances in local currency. Now my customer wanted to do foreign currency valuation on these accounts. I told the customer to make balance zero on account, un-tick "local currency" on GL account master record. And then reverse the document wihich makes the balance zero. This worked fine. But now when the customer wants to do foreign currency valuation (on balances) only new postings after the GL account master data change will be taken into account for balance.
It must be possible to change this? So that balance in document currency and local currency is correct when comparing to for example line items in fbl3n.
Very gladful for any help!
BR Åsa

Thank you for the information. Just want to make this clear. I did the following. Acoount number is 166000.
1. Amount in document currency: balance 5000 PLN (debet)
Amount in local currency: 12000 SEK (debet)
2. Post a GL account document:
Credit 12 000 SEK account 166000
Debet 12000 SEK account 168000 (or any other account).
3. Un-tick only balances in local currency on GL account master data
4. Reverse the GL document created in step 2 above.
5. Test run foreign currency valuation on account 166000 does not show any postings (no balance in other currency).
Can you please help me with what to do exactly? (GL postings)
Thank you very much!
BR

Multiple currencies, Foreign currency valuation

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