Payment Programe Foreign Exchange Gain/Loss
Hi,
Our Co. Code Currency is CAD. I Configured Payment Programe with Two Different Currency i.e. in CAD & in USD. I posted the Invoices in two different currency.
Now, while i was running payment programe, it clears the payment in appropriate currency. but if payment runs in USD then it's not showing me Foreign Gain/ Loss?
Can anybody please let me know why it's happened or How i can over come with this problem.
Your help will be really appreciate.
Thanks,
Niki Shah.
Please help me,
When i run the payment program the system does not calculate the gain/ loss.
My company runs in USD when i make the payment in AUD it doe dont do the gain/loss.
What settings should i do or what am i missing, because it generating the payment but at the invoice date rate not payment date rate.
Then when i get to send the file to the bank, how do i reconcile the bank rate and the payment rate or how does the EBS know how to reconcile the two.
I will really appreciate it.
Thank you.
Similar Messages
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Accounting of foreign exchange gain /loss on imported material at invoice
Dear Experts,
This is with reference to the accounting of foreign exchange gain /loss on imported material at the time of invoice posting.
Presently all the capital expenditure related procurements are done against the WBSE as account assignment. The material is
procured against the project consumption account with WBS as the account assignment. Since the GR is done on day 1
at a particular exchange rate and the material is directly accounted for against the project consumption account,
there is no stock available.
The invoice is received subsequently and the same is accounted for on say Day 4 at another exchange rate, resulting in exchange gain/loss on account of difference in exchange rate between GR and IR. The same is accounted against a cost element with the additional account assignment as WBS derived from the purchase order.
However, the business requirement is to account for the foreign exchange gain/loss against the Cost center, since the
same cannot be capitalized as per the accounting standard.
In spite of maintaining the default cost center derivation against the foreign exchange gain/loss cost element in OKB9,
the invoice document line item is taking the account assignment from purchase order and not from OKB9.
We have referred the SAP note 105024 and implemented the same.
However, as per the note the following is possible "Use a substitution (Transaction OKC9) to transfer a cost center or a
statistical order as auxiliary account assignment to the document or to replace CO account assignment."
But when we are trying to check the same, the system is updating the required CO object i.e. cost center as auxiliary
account assignment and not as a replace CO account assignment.
We are looking at the option of replacing the WBSE with the cost center in the line item for CO account assignment.
Please help in this regard.
Thanks and Regards,
Mohd. Abdul Moghanihi,
in OBA1 settings please enter main bank account insteed of exchange gain or loss accounts. then that difference it will post to mail account only insteed of exchange gain or loss account.
with regards
Madana -
Foreign Exchange Gain Loss not getting booked
ECC 6.0
Configured
A. OB59 - BSK,EVR,KT0
B. FS00 - 5800000 Foreign Exchange maintained in Local Currency, Automatic Posting is Ticked
C. FBKP - KDF Linked to 5800000 for Vendor Reconciliation Account
Invoice USD @40
Making Payment in F-53 USD @45
Foreign Exchange of USD5 is not getting posted.
Please guide on the same , suitable rewards
RegardsHi
In OBA1 -
>Prepare Automatic postings for foreign Currency Valuation , Double click on Exchange Rate Difference using Exchange Rate Key -
KDB
give chart of accounts and enter.
give Exchange Rate Difference Key (EKEY) , Expense A/C , Exchange Rate Gain A/C and save.
Go to FS00 and assign this EKEY in Bank Account.
This will work out.
Regards
Venkat -
Foreign Currency exchange gain & loss
Dear expert,
I have a problem here, need help.
I have made the setting for foreign exchange gain/loss in OB09 and start to use f-28 for incoming payment.
When run the simulation, it gives me 2 lines of exchange gain/loss calculation. 1st line with amount zero (local currency) and 2nd line with the gain/loss amount.
I wonder why I have 2 lines of exchange gain/loss calculation?
Did I did something wrong or miss some specific setting?
Thanks in advance. will assign pointsHi Louis,
Please note the example below and you will understand why two line items are created:
Local currency - USD; foreign currency - GBP
Vendor invoice in foreign currency - 100GBP - Jan (Exchange rate: I GBP=2 USD)
Feb - You valuated the open item (Exchange rate: 1 GBP = 3 USD) with update principle
Entry: Unrealised exchange rate Debit 100 USD
To Special balance sheet account Credit 100 USD
Payment made in march where the exchange rate is 1 GBP = 3.5 USD
Entry will be:
Vendor debit 200 USD
Balance sheet account debit 100 USD
Realised exchange rate loss debit 50 USD
To bank 350 USD
Are you getting the above entry? If so, then the above scenario will explain your predicament.
Cheers!
Rajesh -
Foreign currenvy gain/loss when partial payments are done at F-53
Dear Experts,
Hello.
User requests to create foreign currency gain/loss line items when execuitng partial payments at transaction F-53.
I have no idea about the requests.
Can someone tell me how to do it?
Satoshi MatsumotoHi,
Check the postings when instead of using "Partial Payment", the "Residual Items". In this case the foreign Exchange Rate differences arre getting calculated.
The reason being that in Partial Payment the original Item is not cleared and both the original item and partial payment is open, and hence no actual realized gain/ loss in technically. The exchange rate difference will get calculated in these lines, when doing the month end revaluation.
However in "Residual Item" option, the original item gets cleared and the exchange rate difference becomes realized. And the new item for the remaining balance gets created at new exchange rate.
Hope this clarifies.
Regards,
Gaurav -
Foreign Exchange Gain and Loss generated in 1 document...by SAP.
I found a strange line item(Foreign Exchange loss line) after automatic clearing.
No.1: AP document
AP document Doc.Curr:USD LCurr:CNY Lcurr2:JPY Lcurr3:USD
Dr:AP 3000 -19500 -270270 -3000
Dr:Materil-1 1000 6500 90090 1000
Cr:Materil-2 2000 13000 180180 2000
No.2: Outgoing payment
Outgoing Payment Doc.Curr:USD LCurr:CNY Lcurr2:JPY Lcurr3:USD
Dr:AP 3000 19200 230784 3000
Cr:Bank -3000 -19200 -230784 -3000
No.3:Automatical Clearing
Auto. Clearing Doc.Curr:USD LCurr:CNY Lcurr2:JPY Lcurr3:USD
Dr:AP 0 300 39486 0
Dr:Exchange Loss 0 120 1443 0 <----
why this line generated?
Cr:Exchange Gain 0 -280 -27286 0
Cr:Exchange Gain 0 -140 -13643 0
Because the rate is different between AP document and Payment document.(No.1 and No.2)
I thought it should only have foreign Exchange gain, but after I did automatical clearing(t-code F.13)
I found the clearing document had a line item on Exchange loss in Document No.3(the second line).
Who know the reason?
Thanks a lot.Hi
As per the Accounting the entry is right
Dr:AP 0 300 39486 0
Dr:Exchange Loss 0 120 1443 0
Cr:Exchange Gain 0 -280 -27286 0
Cr:Exchange Gain 0 -140 -13643 0
But actual entry should come like this
Dr:AP 0 300 39486 0
Cr:Exchange Gain 0 -200 -27286 0
Cr:Exchange Gain 0 -100 -13643 0
We need to verify why 200 has come as 280 and 100 has come as 140
Can you verify the date which you have done outgoing payment and date which you have done clearing?
may be different dates with different foriegn currency rate
Reg
Vishnu -
Foreign exchange gain and loss
Short Text
Foreign Exch Gain / Loss to be booked to a diffr cost center
Long Text
The transaction booked with the following parameters
Step 1:-Transaction booked trough FB60
Foreign currency CHF @ 40/ruppee
Expenses debited (1000-cost center)
Vendor Credited
Step 2:-Transaction paid through F-53
Foreign currency CHF @ 50/ruppee paid
Vendor Debited (Clearing the open item)
Bank outgoing account Credited
Foriegn exchange gain and loss Debited
In ECC 6.00 Version:- The open item clearing inherits the CO objects
from step one except for "Foreign exchange agin and loss line item"
Note:
1) In above scnerio, if foreign exchange gain and loss booked to some
other cost center other than Step one:- Cost Center (Expenses booked).
2) If the foreign exchange gain and loss line item booked to same cost
center as specified in Step one:- Cost Center (Expenses booked).The
below error does not occur.
3) The requirement is to book different cost center for the Foreign
exchange gain and loss line item.
The following error occurs during FB05 transaction execution for
transfering the line item in Bank outgoing account to Bank Main account.
Error Details occur during FB05 transaction execution:-
Start----
Ex.rate diff.accts are incomplete for account 0002500062 currency CHF
Message no. F5063
Diagnosis
The accounts for posting exchange rate differences could not be
determined. For the specified G/L account and the specified
currency
key, the accounts are only specified incompletely. Either the
accounts
for the implemented exchange rate difference, the accounts for the
valuation differences or the balance sheet adjustment account are
missing.
System Response
The system cannot generate the exchange rate difference posting.
Procedure
By pressing ENTER, you achieve that the document is reset to a
status
without automatic posting. In another window, you can complete
default
settings for exchange rate differences and post the document
afterwards.
END----
Configuration already in place:-
1) Bank outgoing and main account "ONLY BALANCE IN LOCAL CURRENCY" is a
ticked
2) In OBA1 Foreign exchange gain and loss and valuation gain and loss
GL's are defined for respective Reconciliation account.
Regards,
SathyaHi,
Is your problem solved, I am also facing the same issue when transffering from Incoming/Outgoing to Main Bank Account. Exchange gain/loss is being calculated by the system.
Please share with me the solution to the above problem.
Thanks & Regards,
Jyoti -
Auto Assigned distribution rule to exchange gain/loss acct in Banking
Hi All,
I have a customer that have this requirement. They wanted the exchange gain/loss account generated by Incoming payment or Outgoing payment to be auto assign with profit center if it is defined at the payment screen.
The result now is, even though you have assign the distribution rule on each reconciled invoice during payment, double entries generated will not have any distribution rule assigned even though it involve exchange gain/loss that is P&L account.
Thanks in advance.
Regards,
MHHi Kamlesh,
Thanks for the reply. However, we can't assigned the distribution rule at Chart of account as the incoming or outgoing payment may involve different division each time thus the exchange gain/loss account should be assign to respective division. Thanks.
Regards,
MH -
Wrong CO object assign. on account for exchange gains/loss
Hi!
When running outgoing payments in transaction f110 realized exchange
gains/losses sometimes exists (account 796200). These gains/losses
should always be assigned to cost center 11100. Therefore, we have made
an default account assignment on this both in OKB9 and on the current
cost element. Despite this, when running transaction f110, account
796200 is assigned to the same cost center as the offsetting account
that the account payable invoice is set against in transaction fb60
when entering the account payable invoice. How can we solve this?Thanks for your answer!
Nope, I don't have to separate cost elements, one for gain and one for losses, because the customer wanted to use the same account (and cost element). Therefore, I used cost element category 1 on the cost element so that credit postings (in this case: gains) can be posted to the cost center. I donät think that's the problem.
Nope, current account is not assigned in KDB and KDF but that cannot be the problem either, since the system find the right account/cost element. There must be something else that is the problem!
Edited by: asafo364 on Aug 24, 2009 3:42 PM -
AP Balances' Mess.Xcess of Realised Exchange Gain/Loss Postings.How 2 Clear
Dear Readers,
Our project is stuck with an issue which from the onset a simple issue.
Issue being the AP balances show excess of Realised exchange gain/loss postings.The Realised Exchange gain/loss postings are in USD (i.e. Local Currency).
This creates an issue in clearing when the invoices do not match the balances and the automatic clearing is not possible.
Although reports (income statement and Balance Sheet) give matching results, but AP on the individual level (vendor wise) poses such a problem.
Kindly enumerate the solution.
Its a high priority issue.
Any sort of help is much sought. -
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 youThank 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 -
Exchange Gain Loss Revaluation - Error Message No. F5429
Hi,
While peforming the foreign currency revaluation of open items as at 31.12.2007, using the T Code FAGL_FC_VAL, the system calculates the Exchange Rate difference but the documents do not get posted. The Document display shows an error -
Document ERROR 172 does not exist in company code 1000 or has been archived
Message no. F5429
Could anyone advise as to how this could be resolved and what could be the reason for such kind of error.
Thanks in advance.
Rgds.Raj,
Your question is a little confusing, Does it say " Unable to post the document" while you are trying to run the FCV for Open items.
Or is it like the document that got posted during FCV cannot be viewed by you ?
-Nandita -
Unrealized Foreing Exchange Gains
Hi gurus,
I have one question on foreign exchange gains/losses. I have 2 GR with the same price, when the invoice is post for the first one the material price is higher so I have material price losses and unrealized foreign exchange losses but in the second invoice posting the price is lower, I have a material price gains but I don´t have an unrealized foreing exchange gains.
Why isn´t unrealized gains reconize??
The country is UK
Example:
Exchange Rate in PO isn´t fix
Material price control: Standard
Document 1: Material price is higher in the invoice that GR, we post price losses and unrealized foreign exchange losses:
GR: Component Material 620,392.52 USD (381,592.15 GBP)
Clearing 618,179.28 USD (380,230.83 GBP)
Materials - Purchase Price Gains 2,213.24 USD (1,361.32 GBP)
Stock Material Purchases 620,392.52 USD (381,592.15 GBP)
Stock Material Purchases Offset 620,392.52 USD (381,592.15 GBP)
Invoice: Customer 1,751,018.05 USD (1,082,278.29 GBP)
Clearing 618,179.28 USD (380,230.83 GBP)
Materials Purchase Price Losses 1,132,838.77 USD (700,190.84 GBP)
Unrealised Foreign Exchange Losses 0 USD (1,856.62 GBP)
Document 2: Material price is lower in the invoice that GR, we post price gains but I don´t have unrealized Gains. Why??
GR: Component Material 620,392.52 USD (381,592.15 GBP)
Clearing 618,179.28 USD (380,230.83 GBP)
Materials - Purchase Price Gains 2,213.24 USD (1,361.32 GBP)
Stock Material Purchases 620,392.52 USD (381,592.15 GBP)
Stock Material Purchases Offset 620,392.52 USD (381,592.15 GBP)
Invoice: Customer 380,662.60 USD (235,281.91 GBP)
Clearing 618,179.28 USD (380,230.83 GBP)
Materials - Purchase Price Gains 237,516.68 USD (144,948.92 GBP)
Thank you in advance,
MartaHi Marta,
Please check the account determination configuration related to this. Transaction code OBA1.
Warm regards,
Murukan Arunachalam -
Payment Program F110 posts outgoing foreign payments to fx adj. a/cs
Hi,
When posting an outgoing foreign payment using F110, the system is posting the foreign exchange gain or loss to the FX-gain and FX-loss account respectively. But it is also offsetting this entry with a posting to the FX balance sheet adjustment account which should not happen. The FX adjustment account is to be used only during the month-end revaluation (F.05). The settings in OBA1 is correctly set to the FX-gain and FX-loss accounts u201C.
Where else could the problem be? How is the FX Adjustment account being picked up during the payment program.
Thanks.Thanks for your reply.
Yes, we currently run the revaluation program to reverse on the first day of the next month. There were some manual adjustments posted in June using FBB1which may be an issue. Normally, we run the revaluation program with "Balance Sheet Valuation ON" which has up to July created the reversal document also. In the August Revaluation run the reversal document was not created for the unrealised gain /loss. However, the JUne run ran ok and was reveresd out on July 1st. The incorrect foreign adjustment payment postings happened in July. -
How to post gain/loss on exchange rate from Money Market
Dear Sap Expert,
I need your kindly help about posting gain/loss in Treasury with money market type.
My scenario use the product type 55A - Interest rate instrument and transaciton type = 200 borrowing in Foreign currency transaction as the transaction as belows,
Date Flow Type Name Amouunt currency Exchange rate Amt.Local currency
19.10.2011 1105 Borrowing 10,000 USD 30.00 300,000
30.10.2011 1120 Final repayment 10,000 USD 30.00 300,000
For the normally the system generate current exchange rate from the configuration .After that I try to change the Exchange rate manually in Flow type 1120 from 30.00 to be 31.00 then the Amt.in Local currency changed to be 310,000 and the flow type gain/loss from exchange rate does not generate ( In Loan Management I can do it)
On 19.10.2011 I use t-code TBB1 to post the borrowing transaction (1105)
On 30.10.2011 I use T-code TBB1 to post the Payment transaction but the gain/loss account does not happen.
For my question Can the system post document for flow tpe 1120 (on 30.10.2011) with exchange rate realized gain/Loss automatically? or how should I do to make it correctly.
Thank you very much for your suggestion.
PKHi,
your customizing for Derived Business Transactions requires DBT_B flows in your PMP in order to post realized gains/losses.
Regards,
Lorenz
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