Re Foreign currency roundoff

Hi,
foreign currency rounding.
if i make advance payment to vendor 100000 GBP(69), after i booked invoice 150000 GBP(72) then i clear the advance payment 100000 GBP to invoice amount. now i am making final payment to vendor. at the time of 50000 GBP (74)  payment to vendor. in bank charges in local currency i put the charges 10000. service tax at the rate of 10.3%. whenever i am simulating the netry system gives the foreign currency fluctuation in to fractions. like below how to roundoff the gain or loss.
entry is
3000001     ESAB UK LTD     10,800,000.00
3000001     ESAB UK LTD     7,000,000.00-
4021980     Bank Charges     10,000.00
4021360     Foreign Exchange Flu     449,999.16
2083500     Service Tax  Receiva     999.78
2083510     Edu Cess On Service     20.25
2083520     SHES On Service Tax     9.75
2071002     AXIS bank HO Outgoin     3,761,029.50-
3020120     Foreign Exchange Gai     499,999.44-
please advice me

in normal business scenario we may have some transctions which involves foreign currecy, like L/C, B/E, as you are aware currencies are always flactuate with other currencies, to resolve this we need to revaluate the foregin currency transactions, to do this we need to create valuation methods, configurations for preparing automatic postings for currency valuation.
by t code FA_GL_Val we can do the valution.
regards,

Similar Messages

  • Foreign currency rounding

    Hi,
    foreign currency rounding.
    if i make advance payment to vendor 100000 GBP(69), after i booked invoice 150000 GBP(72) then i clear the advance payment 100000 GBP to invoice amount. now i am making final payment to vendor. at the time of 50000 GBP (74) payment to vendor. in bank charges in local currency i put the charges 10000. service tax at the rate of 10.3%. whenever i am simulating the netry system gives the foreign currency fluctuation in to fractions. like below how to roundoff the gain or loss.
    entry is
    3000001 ESAB UK LTD 10,800,000.00
    3000001 ESAB UK LTD 7,000,000.00-
    4021980 Bank Charges 10,000.00
    4021360 Foreign Exchange Flu 449,999.16
    2083500 Service Tax Receiva 999.78
    2083510 Edu Cess On Service 20.25
    2083520 SHES On Service Tax 9.75
    2071002 AXIS bank HO Outgoin 3,761,029.50-
    3020120 Foreign Exchange Gai 499,999.44-
    please advice me

    Hello,
    Please check setting in below path.
    IMG > SAP NetWeaver > General settings > Currencies > Define rounding rules for currencies.
    Thanks!
    Raju

  • Error while creating a Foreign Currency Receipt using Create_Cash API

    Hi,
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    Hi Anil,
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  • Foreign currency invoice Through APP Run Payment

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    1000                       SEK1                0           SEK           9,999,999,999,99
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  • How can I see Foreign Currency FC balance in Purchase Analysis Report??

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    Warmest Regards,
    Chinho

    Hi!
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  • Item Standard Cost for foreign currency purchase order

    Hi there
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    Hi,
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  • Vendor Balances in Foreign Currency

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    Read the data from LFC1 Table and use Function module to convert into foreign currency FM -  CONVERT_TO_FOREIGN_CURRENCY
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  • Display Open Items in Foreign Currency (LC3) during Clearing

    Hi all.
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    Hi Philip,
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  • Problem in F.05 in foreign currency valuation

    Hi all
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    vamsi

    Hi Vamsi,
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  • 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.
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    Hello Ms Meena,
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    PB

  • GR/IR difference with foreign currency - WBS element

    I am working in the MM area and hadling Service entry sheets, GR and Invoice, Finance is complaining and having problem at project(WBS Element) closing time. we are using Project system to control budget. Now finance is not able to close budget code because they are having commitment and giving error. the situation is like below: There is a difference of .01 AED in the Foreign currency amount, finance also claim that system was behaving OK with 4.6C, Now after upgrade to ECC5(4.7) it has started this problem
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    Message was edited by:
            Mazhar Hussain

    Hi
    Header exchange rate picked up at time of PO creation with reference to document date in header.
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    Thanks

  • 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.
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    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.
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  • Issue of Excise Duties in Foreign Currency in J1IIN

    Dear All,
    As one of my user has created Export Excise Invoice on 31st of May.  Unfortunately Exchange Rate was not maintained by him for currency Euro in OB08 and While creating the Excise Invoice all the duties came in EURO but the document currency is INR. Please find below screen shot.
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    Regards:
    Abhishek

    Hi,
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    Regards,
    AKPT

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