Profit & Loss based on Exchange Rate

Dear All,
Please help me in one of my client's scenario as mentioned below:
1. I create an Invoice in USD (Foreign Currency). //Exchange Rate at the time of Invoice was .90
2. I purchase USD from AUD (Local Currency) by passing a journal Entry.
3. Now I make a outgoing Payment using this invoice in Step 1. //Exchange Rate at the time of Payment is .96
I would like to know the effective process to map into SAP B1.
Question A: My Client doesn't want to change the exchange rate at the time of outgoing payment. He wants that the exchange rate at the time of payment should be as it was while making the invoice.
Question B: He wants to calculate the profit & Loss of Exchange rate at the time of purchasing USD From AUD.
Please help me to map this process in SAP B1. Any kind of help would be appreciated.
Regards
Pankaj Jha

Hi Pankaj,
For mapping above Process in SAP B1, Please follow below steps.
1. Create one Ledger for Purchase Foreign Currency eg. Forex Purchase Ledger and make this Ledger as All Currency
2. When ever you want to Purchase Foreign Currency then Pass Journal Entry to this Clearing Ledger            eg.                    Local Currency Ledger                               Credit
                                  Forex Purchase Ledger          Debit
Now after doing this Pass another Journal Entry
                                  Forex Purchase Ledger                               Credit
                                  Foreign Currency Ledger          Debit
3. After following above Two Steps you can do Outgoing Payment for Foreign Purchase Invoice.
Answer A:- No, Exchange Rate will not be same as Invoice. Exchange Rate is based on Daily Basis. If any change in Exchange of Outgoing Payment Document Posting Date then System will automatically hit Exchange Rate Gain or Loss Account.
Answer B:- If i am not wrong then you can not see Profit and Loss based on Exchange Rate.For work around Check below on Profit and Loss Based on Exchange rate Purchase.
Please create one Project for Purchasing Foreign Currency and Select this Project every time when ever you are Purchasing Foreign Currency.Then you can see Profit and Loss by Project.
Hope this help
Regards::::
Atul Chakraborty

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Please give what all customizing settings are required for maintaining of Exchange Rate types.
Mainly Exchange rate Type B , M, G, EURX, EURO, and any other customized Exchange rate type.
If i want to create my own exchange rate type and use it in my accounting documents for exports process, what are the configurations to be done.
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Please follow this 3 steps
1. first you need to configure the Exchange rate type, say B - Bank selling , G - Bank buying & M Average rate through Tcode OB07.
2. maintain a translation ratio for the 2 currency which u wanna create say USD : INR. here u will find direct quotation & indirect quotation according to ur requirement u need to maintain, u can do that through Tcode OBBS.
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2. create 2 GL a/c 1 to record profit & other to record loss incurred through exchange rate, that should be auto posting.
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here give ur chart of account and 2 gl what u have created.
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If find this helpful please reward me points
thanks

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Hi All expert,
I'm new in Essbase, can anyone help and tell me what's wrong with the following cal script?
I got 10 dimension
- Account
- Month
- Year
- Market
- Product
- Cost center
- Currency
- Version
- Currency type - USDvalue, EURvalue, etc.
For data upload, we'll upload only either USD or EUR value, then based on exchange rate for the month (also loaded as data), try to calculate the value in other currency
/* GET EXCHANGE RATE */
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ENDFIX;
CALC All;
I got stuck after running this script, thanks for all your help in advace.

/* GET EXCHANGE RATE */
     FIX(@LEVMBRS("3000000000",0),@LEVMBRS("Company",0), @LEVMBRS(Market,0),
          @LEVMBRS(Product,0),@LEVMBRS("Cost Centre",0),@LEVMBRS(Month,0),
          @LEVMBRS(Year,0),@LEVMBRS("Version",0),@LEVMBRS(Currency,0))
          "USDValue" (
          IF (@ISMBR("USD"))
               USDValue;
          ELSE
          EURValue / (@CURRMBR("Year"))->(@CURRMBR("Month"))->(@CURRMBR("Version"))
          ->(@CURRMBR("Currency"))->"CTR_ACC"->"MKT_HK"->"PROD_TRY"->"999999"->"COM_1010"->
          "RPT to EUR ex rate";
          ENDIF;
ENDFIX;
CALC All;
I got stuck after running this script, thanks for all your help in advace.I'm not sure what you mean by you got stuck after running the script, can you eloborate? I will point out that there are some things in your script that are a bit odd.
(@CURRMBR("Year"))->(@CURRMBR("Month"))->(@CURRMBR("Version"))->(@CURRMBR("Currency"))
is unnecessary as the fix statement above it will set that all for you.
I think I would rewrite this as
     FIX(@LEVMBRS("3000000000",0),@LEVMBRS("Company",0), @LEVMBRS(Market,0),
          @LEVMBRS(Product,0),@LEVMBRS("Cost Centre",0),@LEVMBRS(Month,0),
          @LEVMBRS(Year,0),@LEVMBRS("Version",0),@LEVMBRS(Currency,0))
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Else
          "EURValue" = USDValue * "CTR_ACC"->"MKT_HK"->"PROD_TRY"->"999999"->"COM_1010"->"RPT to EUR ex rate";
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ENDFIX;

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Hello Gurus,
We have setup an alternate Exchange Rate type MNB for rate M for the postings happening in Hungary. Local currency is HUF. Group currency is USD.
If the document currency is, lets say, EUR, latest MNB rate is correctly picked up (EUR to HUF) and postings are correctly converted into local currency (HUF).
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Hi,
You mentioned that "in OB22, we have local currency1 and local currency 2 setup with exchange rate type M". Then, I'm wondering how MNB is picked up for the first local curr. conversion to HUF? It should be 'M' instead. There must be some settings in your instance for such behavior. Can you check that?
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Kind Regards,
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