Posting outgoing payment in foreign currency
Dear all,
I post a invoice with exchange rate 1USD = 0,95 EUR
After I post outgoing payment with exchange rate 1USD = 0,92 EUR
I receive a meassage " Exchange rate diffirent account is incomplete for account 331111 ( My recon.account of vendor) currency USD"
Please tell me how can I post acounting entries?
Thank for your help
Minh
If you use KDB,
Configure GL accounts for each Exchange Rate Key you use. Also, remember to mention this key in the GL account number (Company Code data FS00 / FSS0 --> Control Data screen, under "Exchange rate difference key").
When using KDF or KDW, simply assign the GL Account number. This will be triggered for all postings where the Exchange Rate key is not defined.
Finally, make sure all your GLs are extended to the Company Code (FSS0)
Hope this helps.
Cheers.
Similar Messages
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Outgoing Payments in Foreign Currency
I am trying to figure out how to correctly post payments and apply the gain/loss to exchange rates.
LC = USD
FC = CZK
I post an AP Invoice for CZK 20,000 in June with an exchange rate of 1 USD = 20 CZK.
The GL Records the transaction using the above rate as defined in the Rates table.
Two months later I post an outgoing payment. I paid the vendor in USD. The rate defined in SAP is 1 USD = 19 CZK.
The vendor, however, uses a rate of 18.90 CZK per USD, therefore, I need to send USD 1058.20 (CZK 20,000 / 18.90)*18.9
How do I post this transaction? I need to somehow specify that the exchange rate for the payment is different than the exchange rate that is listed in the rates table. If I enter a USD payment of 1058.20 then SAP calculates the CZK 19, not the actual one exchange rate. If I specify payment in CZK then the USD calculation is incorrect.
I should have a exchange rate loss of USD 58.20 through the transfer. I will also need to post the exchange rate loss between the ap invoice rate and the payment rate. For the second part I found that I can do this through Financials > Exchange rate differences.
What am I doing wrong?Hello,
using exchange rate different can be correct for your case if you deal with foreign currency. Meanwhile conversion rate different is for SC and LC different.
There are some options there in the header to select before perform the different.
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I checked into customizing and I noticed that in FBZP the relevant currencies are left blank and it seems ok.
I think it is not the point.
Let me explain again and better.
In manual outgoing payment by using (F-53) we post the payment in USD currency and clear the open item generating an exchange rate difference between invoice date and payment date exchange rate because I set EUR as company currency.
It doesn't happen if I run automatic outgoing payment (F110) . The system, in this case, creates a fi posting for payment but it doesn't create any forex difference.
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how to add the Assignment column on this post outgoing payment in f-53?
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1. First in O7V3 check for t.code FBz2 which line layout ( 2 digit code is assigned)
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Assign points if useful
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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.
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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. -
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hi,
Check FM - BAPI_PAYMENTREQUEST_CREATE
BAPI_ACC_DOCUMENT_POST
<b>Reward points</b>
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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.
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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.
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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.
txHi,
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 -
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
RegardsHi
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 -
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
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Thanks in advance.
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SadashivanDear 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.
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Francis -
Invalid Account Code Message 173-9 when posting Outgoing Payment
When attempting to post an Outgoing Payment our customer recieves the following error: Invalid Account Code Message [173-9]. The local currency is CDN and Invoice currency is US. The error occurs only when back dating the outgoing payment to Jan 31, 2011 on Posting, Due and Doc Date. If the Posting/Doc date are left as the current date and the Due is set at Jan 31, 2011 then there is no issue.
I've checked the posting periods, G/L determination and BP setup.
Note: this exact process has been completed many times in the past.
Version:
SAP B1 2007A SP01 PL11
Any assistance would be appreciated.
I've seen another post with a similar question but the answer did not solve our issue.
Invalid Account Code when adding outgoing paymentsHi,
You may check this: Invalid Account Code error when posting AP Credit Note
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Gordon -
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 -
F-53 Post outgoing payment- help
When a user tries to post and manual outgoing payment using F-53 for a vendor he is getting a warning message No open items were found however there are open items for that vendor which are due for payment. I looked into the data he is entering on the selection screen of the F-53 transaction and cant see any mistake on his end. I tried the same F-53 for the same vendor in quality system and it is working me and as well as for him (with his user ID). Can anyone tell me what could be the cause for the above problem? Is there anything with security access? Or customization of manual outgoing payments? Your help is highly appreciated and awarded with points.
Thanks,
KumarHi,
Whether it is automatic payment program or individual manual payment, open items should be displayed and no specific configuration required for F-53.
I suggest to check in the first screen, whether any additional selections radio button is selected. If you select "NONE", all open items should be selected. Further, check whether the standard open items check box is selected. If this check box is not selected no open items will be displayed.
Thanks
Murali. -
Post outgoing payment : Process open Items
Hi Experts,
We are using transaction F-53 Through Autometic payment Programme
when process open items appears to choose the amount a information message appeares
i.e."1 items have not been activated due to inconsistent withholding tax info"
kindly suggest how can it rectified this problem for post this outgoing payment.
this very urgent
Thanks & regards
Kuldeep DubeyPlz run the report RFWT0010 for the affected vendors.
I suggest better run this report as & when required.
Run in UPDATE mode & try again. This will work.
Plz lemme know if the problem persists.
regards -
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
"Dening 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
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