Over Payments for foreign currency

Hi
We placed a message, that over payments and underpayments does not work for foreign currency business partners. See SAP Note 1068260.
The SAP Support gave us the feedback, that we can not place a "Missing Funktionality Request" in that case.
What should we do that our customers can use the SAP Business One properly?

Hi,
When the revaluation program is run (normally during month end), the foreign currency transactions will get revaluated and the loss/gain gets posted to the B/S adjustment account.
If the program, in the above step, was run with the "Reverse posting" indicator marked, the documents created in the above step would be reversed automatically on the 1st day of the next month. Thus the adjustment account gets set off.
If the "Reverse posting" indicator was NOT set, then during the invoice payment, the adjustment entry (from the first step) gets reversed. In the payment document you can find an additional entry that sets off the B/S adjustment account.
Hope this helps.
Regards,
Mike

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Fees account for foreign currencies in payment run F110

Dear all,
I have a problem with a house bank with several bank accounts. At the foreign currency accounts with the same account number, the bank charges are always charged at the foreign currency accounts and not at the Euro account (house currency).
Our desire is that the bank charges are settled in the Euro account.
It seems, that for each record of a foreign currency account to be debited, it requires an own charge account. For foreign currency accounts with different account number to the Euro account is the setting without any problems. In the house bank with foreign currency accounts the fields for the fee accounts were not filled in the payment transfer medium.
How should the setting be, so that bank accounts with different currencies, the fees are cleared only on the Euro account?
We have SAP ECC 6.0 with SAP_APPL 600 Level 12.
If I have missed important information or if my words were indistinct please feel free to ask.
Thanks for any help.
Greetings

Hello Marssel,
sorry, perhaps I described my scenario wrong.
I have only one House Bank with several Account IDs. All but one have the same Bank account number.
For example:
House Bank......................Account ID........................Bank Account No
050.....................................AUSL.................................0444940000
050.....................................CHF....................................0444940000
050.....................................EURO.................................0444940000
050.....................................SCHCK...............................0444940000
050.....................................SGD...................................0444940001
050.....................................USD....................................0444940000
This is the "Bank Account Overview" in transaction FI12.
The house bank country in FI12 is DE for Germany and the ISO Currency Code for the Charges Account is EUR.
The Bank Number and Account Number (0444940000) for the Charges Account are also filled in FI12.
The currencies of Bank GL Account in FS00 are for the foreign currency accounts CHF, SGD and USD. The rest are in house currency EUR.
After starting F110 the bank fees are charged at the foreign currency accounts in CHF and USD. But we want that they are charged over the Euro account in Euro.
Thanks for your help.
Greetings

Payments in foreign currency

hi
when payments made for foreign currency transactions, what postings are made to balnce sheet adjustment account for foreign vendor? how is this account adjusted after payment is made so that true reflection of vendors can be reported.
tx

Hi,
When the revaluation program is run (normally during month end), the foreign currency transactions will get revaluated and the loss/gain gets posted to the B/S adjustment account.
If the program, in the above step, was run with the "Reverse posting" indicator marked, the documents created in the above step would be reversed automatically on the 1st day of the next month. Thus the adjustment account gets set off.
If the "Reverse posting" indicator was NOT set, then during the invoice payment, the adjustment entry (from the first step) gets reversed. In the payment document you can find an additional entry that sets off the B/S adjustment account.
Hope this helps.
Regards,
Mike

Small Differences Rounding Off in case of Payments in Foreign Currency

Hi all
I have a scenario wherein I want to round off the Foreign Exchange amount to the nearest Rupee. I.e when I am making a payment in Foreign currency, the amount in local currency appears upto 2 decimal places. However, I want the same to be rounded off to the nearest rupee.
E.g I am making a payment of USD 111 @42.1277 which comes to 4676.17 in the local currency INR. Now I want the system to round off the amount to 4676 at the time of the payment transaction itself. Is this possible through the RDF key in Forex Automatic Postings? If yes, then I already have an account assigned there but the system does not round off the amount.
Help would be highly appreciated.
Cheers
Hrishi

i'm not aware of that functionality.
But you can always add some logic into your fast formulas, so that the data is alreay rounded for cash payments, before you launch Prepayments.

Customisation for foreign currency revaluation

I have to post the revaluation for GL accounts like VAT gl accounts to a GL account XXX. I have maintained the GL accounts for which reval needs to be calculated in the variant of the job FAGL_FC_VALUATION . after this, where this account XXXX should be maintained ?

Hi Rudra,
It is not for all GL's that system will carry out revaluation. Only when you define the GL's in customizing in SPRO will you get the revaluation done in FAGL_FC_VALUATION.
For this Go to
SAP Customizing Implementation Guide  Financial Accounting(New)  General Ledger Accounting(New)  Periodic Processing  Foreign Currency valuation  Prepare Automatic Postings for Foreign Currency Valuation
On the Maintain FI Configuration: Automatic Postings-Procedures, choose Transaction KDF and make the entries:-
You need to maintain One Gain/Loss account which is a P/L account and that gets posted when you make payments during the month and it is realized gain/loss. But if you want to post it at month end for open items then you need to enter in val Loss 1/Val Gain 1 and this GL gets posted when you run this transaction FAGL_FC_VALUATION.
Bal Sheet Adjust.1 is the account to which AR/AP adjustment is posted to.
Hope this helps..
Regards,
SAPFICO

Report for foreign currency revaluation - FAGL_FC_VAL

Hello Experts,
I have executed FAL_FC_VAL - Foreign Currency Revaluation Program. System posted some accounting entry for the same. However, I want to know how system calculated and for which invoices it calculated.
For this I want a report from SAP, for foreign currency revaluation. Please let me know the TCode for the report.
I can see some output on screen, showing calculation, during test run. But it does not get saved anywhere.
Please help

Hello Ms Meena,
You can achieve to have this if you are in ECC 6.0 by activating the Logs to be stored.
This can be done via FAGL_FC_VAL & go to the last tab as below.
Precondition : Make sure before user run the revaluation they click on both tick mark.
Click on Logs
give the date when they it is run & execute
Select the log
Here you can select your fields like vendor name/customer name/GL account Name.
I would strongly suggest to create a variant by yourself & save & then ask the user to change the date to revaluation everymonth.
Many thanks
PB

Balance sheet adjustment account for Foreign Currency Valuation

Hi all,
I know that we enter AP /AR balance sheet adjustment account for Open items account when we configure for Foreign currency valuation with Tcode OBA1 and KDF. I wanted to know what account can I enter in that field for other balance sheet account which are not open item managed?
Also, Do we valuate GR/IR accounts in foreign currency valuation?? If yes, what balance sheet adjustment account do we enter for those accounts?
Thank you.

HI,
The valuation of <b>foreign currency balances</b> requires a special key that is assigned the gain and loss accounts for posting any exchange rate differences that occur during valuation. You can freely define this key. You then enter it in the master records of the accounts that you want to valuate. To post the differences that are determined from a group of G/L accounts to the same gain or loss accounts, enter the same key for all these G/L accounts.
Create the Create here with Tcode OBA1 and KDB-Exch. Rate Diff. using Exch. Rate Key
And assign this in the GL account master in the Control Tab.
Thanks
Vijay

Settings for Foreign Currency Valuation

HI
Can some one let me know the settings to be done for Foreign Currency Valuation.
Thanks

Please check below thread
http://wiki.sdn.sap.com/wiki/display/ERPFI/ForeignCurrencyValuation

Unable to reconcile Payment transactions for Foreign currency transactions in 11.5.10.2

Hi,
Version:11.5.10.2
User is unable to reconcile the foreign currency payment transactions in oracle cash management.
When, user selected the check box against the payment transactions, and select RECONCILE Button..It's not showing neither Error Message or the payment transaction is getting to RECONCILED.
Enclosed the screenshot for reference.
http:// C\Users\SapcleOrc\Desktop
Please advice.

Please update...

BACS File for Vendor Payments in Foreign Currency

Hi,
My client has Bank Accounts in UK both in GBP and USD currency. I am trying to generate a BACS file for payments made in currency other than GBP.
The BACS file generation for GBP payments are in place and is working fine.
But when I am trying to generate the BACS file for payments made there is a problem with the file format .The bank requires only payment lines in the file but the file I have generated contains some extra lines in the header and footer.
Could you please let me know on how to generate a correct file with only the payment information.
Thanks

Hi,
If the LC of the system is INR and the Vendor currency is INR too, then the Invoice can be added in INR and the payment will be made in INR only.
If the Vendor is USD, then the Invoice can be added in USD as well the Payment. When you enter the Payment Means window, you can select the currency in the top field - currency.
Regards,
Jitin
SAP Business One Forum Team

F110 - Payment in foreign Currency

Dear Experts,
We have a strange case, and requesting the SAP behaviour for this case.
The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG 105
I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010. Paying in EUR is rarely happens.
Awaiting your kind reply.
Regards,
Francis

Hi Sayeed,
As far as I know we don't need to maintain the direct relationship between SDR vs EUR as the system logic for currency conversion is from Document currency to Local currency and Local currency to Payment currency.
We hadn't had such issue before, we are facing after we upgrade to ECC 6.0.
Please refer to this note, I guess it is a bug in program. Refer Note: 1413445.
Regards,
Francis

APP - Payment in foreign currency

Hi everyone,
We have posted a incoive in USD for 1000, now we want to make payment in usd only how to make it? my co code currency is INR
We have configured all settings in TC: FBZP selected Foriegn currency allowed. but while running F110 system threws error message like :Invalid payment method'
Please advice
Regards

Hi
Probably it is not Foreign currency error but Payment method you are using. Check payament method which you have given in Vendor master data and FBZP.
Regards,
Hari Peddi
Edited by: HARI PEDDI on Oct 3, 2008 12:51 PM

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 of foreign currency invoice in local currency

Hi all,
PO is created in USD and thereafter GR and IR done. The payment of this invoice has to be done in
local currency RUB. In invoice the currency field is not open for change and hence payment in
local currency cannot be generated. How to make payment of USD invoice in RUB ?
Thanks in advance.
Regards,
Sadashivan

Dear Experts,
We have a strange case, and requesting the SAP behaviour for this case.
The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG - 105
I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010. Paying in EUR is rarely happens.
Awaiting your kind reply.
Regards,
Francis

F-28 asks for 'Foreign currency P&L' GL account definition

Hi all
I am trying to post a payment from a customer using f-28. My bank account GL has USD currency & my customer recon account also has USD currency. When I pay 4 invoices completely, it does not give me an error but when I try to pay even one invoice partially or using residual tab & when I say simulate it gives me an error saying that exchange P&L GL has to be defined. I understand we can define that in OBA1 but my question is why does this happen only for this customer while it does not happen for any other customer payment that we tried to post. Also why does it not happen when I pay the invoice completely & only happens when I use partial or residual tab....
Thanks for all your time...
Regards
Morgan

Hi Sridhar
I want to know why is that KDF key being triggered...I mean is there a config where I can disable foreign currency conversion so that I don't have to deal with the error & see what happens then....
Thanks
Morgan

Over Payments for foreign currency

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