Realised exchange gain (Capex account)
Hello,
We have capital advance in USD and same are cleared in subsequest month.As of now , exchange gain loss account is hit.
We need in this scenario a capex gain loss account to be hit.Have done config in OBA1 for capex advance account but not for vendor reco accocunt because it is common for both revenue & capex.Can only configuring for capex account in OBA1, give desired result.
Pls guide.
HI,
Please use alternate reconciliation account concept.
Regards,
Tejas
Similar Messages
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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. -
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 -
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 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 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 -
Realised exchange difference by internal order
When clearing an open AP item with a payment, the realised exchange rate difference is posted to the P+L against the relevant cost centre (From the purchase order). However, the assigment to the internal order (also contained in the Purchase order) is lost.
Is there a way to determine the account assignment of the realised exchange postings?
Note:
The internal order (AUFNR) is an optional entry field in our exchange difference accounts.
The Realised exchange differences pick up the correct c ost centre from the invoice but not the Internal order
Thanks!We once had a similar requirement - the only difference is that we wanted the exch. rate diff. to go to the WBS element (which is on the PO). All we did was to add WBS element as a document splitting characteristic in the following node in SPRO.
Financial Accounting (New) -> General Ledger Accounting (New) -> Business Transactions -> Document Splitting -> Define Document Splitting Characteristics for Controlling
And it worked!!!
You can add Order (AUFNR) and see if it serves your requirement.
Good luck! -
Gain Revaluation Account in MIR
Hi,
Gain Revaluation account is hitting in MIRO, for material having moving price.
I could not able to find the right reason for this, one thing i observed is, in PO for this material their is change in quantity has took place and half GRN has been made.It will be of great help if any one provide the reason for thisHi,
Even MAP controlled materials sometimes cannot post variances direct to the stock account. This normally happens because there is not enough stock to post the variance to. For example if a GR of 20 items takes place at 10 USD, 200 USD will be posted to the stock account. If the invoice comes in for 20 USD and additional 200 USD will be posted to the stock account to correct the values. BUT if the 20 items have been used or written off the invoice verification cannot post the 200 USD to the stock account because there would be a value of 200 USD and no qty. In this situation variances for MAPs are written to the appropriate price variance (or gains / losses due to revaluation) accounts instead of the stock account.
this may have happened in this case (a price variance or exchange rate variance plus or minus).
Steve B -
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 -
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 -
Iphone emails to PC, but exchange password and account cancelled.
Dear All,
Can anyone explain to me how to transfer emails from my iphone to a PC.
The only catch is that the email account exchange password and account has been cancelled.
However as some of you may know your emails still remain on the iphone.
It means you can acces them and seach through your emails.
I want to be able to place these emails on to a PC.
Thanks all for your help.Everytime I open my email the password Incorrect screen appears. It says "Enter the password for the Exchange account "Exchange"". I have a second email address that was being transferred to my Iphone, but when I lost my original phone and replaced it this July, I hav'nt been able to retrieve this old password. The Apple store rep said to contact Microsoft for this info, but that's next to impossible!! I had a very old hotmail account but that's been closed for over two years, and my other email adress has nothing to do with them. So I'm at a loss on how to change this password??
Thanks, wtadams -
I have Exchange and Yahoo accounts on my iPhone 4. At least 1 email I send from out thru my Exchange account fails to send and it simply refuses to leave the outbox. The only guaranteed way of sending it is to change the sender to my yahoo account. Note that is ONLY occurs on replies to existing emails, never new emails.
It is only certain mails that fail. Even if I delete the mail and write another reply it will still fail.
Could it be content related? It happened on IOS4 & 5.
I've asked one of the staff in the Apple shop and he said he's seen this before but doesnt know the answer - not really helpful if you're trying to work off your iPhone :-(Thanks razmee209.
I would agree with you if I still couldnt send the reply by changing the sender to my yahoo account; but as I mentioned before - whenever the mail fails to send, I can ALWAYS send it by changing the sender to my yahoo account.
I agree that it must be something within the original mail, but why does it trigger a failure if I reply from my exchange account and not my yahoo yahoo account.
I can delete the Exchange account and re-add it, but it makes no difference. I've also rebooted the phone but again, no difference. -
Multiple exchange e-mail accounts in outlook 2013
Hello. I'm trying to set-up two exchange e-mail accounts in outlook 2013 (Exchange server is synchronized with Active Directory).
Once I add second account and restart outlook I get password prompt from each of the accounts. And it keeps prompting all the time and one of the accounts do not work. Could you please assist me on how to set-up those multiple exchange e-mail accounts correctlySetup the second Exchange account in one profile would always keep prompting usernam/password. This is limitation of Outlook profile.
To work around this, I recommand that you may use the tool as below:
http://www.codetwo.com/freeware/autologon/
Note:
This response contains a reference to a third party World Wide Web site. Microsoft is providing this information as a convenience to you. Microsoft does not control these sites and has not tested any software or information found on these sites; therefore,
Microsoft cannot make any representations regarding the quality, safety, or suitability of any software or information found there. There are inherent dangers in the use of any software found on the Internet, and Microsoft cautions you to make sure that you
completely understand the risk before retrieving any software from the Internet. -
Exchange Rate difference account-
Hi All,
Please help me to find a solution for the scenario below.
Business process is third party PO scenario where the vendor currency(USD) is different from ccode currency.
Material is valuated at 30 EUR.
PO is made with the vendor at Rs.51.60 USD.(Exchange rate is not fixed at header level in PO)
GR is made at 51.60 USD
While doing IR,the exchange rate has changed from 1.290 to 1.395.
What configuration should be done for the system to post to Exchange rate difference account(transaction key KDM)..
(As of now the difference in price is posted to the consumption account,Which was already hit during GR).
Regards,
Deepak.HI DEEPAK,
If Price control maintained in Material master is " V " then, at MIRO,
1. exchange rate diff. will be posted to stock account if available stock qty is >= invoice quantity
2. exchange rate diff. will be posted to exchange rate diff acct (as per KDM) ,if available stock qty is 0
3. exchange rate diff. will be posted propotionately to stock account and exchange rate diff acct (as per KDM) ,if available stock qty is < invoice quantity
If Price control maintained in Material master is " S " then, at MIRO,
1. exchange rate diff. will be posted exchange rate diff acct (as per KDM) i.e. irrespective of stock availability.
pls, check and revert back
Regards,
jay
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