Reset GL to foreign currency

Hi SAP FICO Experts,
We have gone live on one of our client, while uploading legacy data our client had given us the local currency value for the GL which were in foreign currency, so we made those GL to local currency and uploaded the value. Now they want to re set that GL back to foreign currency which system errors out as "we cant change the currency there is value posted"
I tried to set back by reversing the posted doc but still system does not allow.
Please let me know if you have any solution or work around to fix this.
Thanks,
Lokesh

Hi,
Since this is realized exchange loss, it needs to be transfered to exchange gain/loss account. If you have maintained this account as open items, then you can do this by clearing the open items. If not, you have to pass a manual entry.
Let me know the t-code you used for the second option. It'll help me to understand the scenario well.
Regards,
Inoka.

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Reset of foreign currency valuation

Hi FI-experts
By mistake the foreign currency valuation program was executed. Does anbody know if there is a program that can reset the foreign currency run?
Or is there a manual work around?
Any help is appreciated.
Best regards,
Marco

Hi
It depends whether you have checked the box "Bal. sheet preparation valuation".
If you didn't select that option, you can just manually reverse all documents by "F.80".
If that option is selected, you have to manually reverse all documents by "F.80", and run another valuation method which has the valuation procedure in "RESET" (OB59) to remove posted FX difference amount in each valuated journal entry.
Regards,

SD invoice can't be reversed due to foreign currency valuation

Hi,
I have an invoice which relates to an Sales order,it was posted in several months again(cross monthly closing). Now I want to reverse this invoice,but the system can't cancel the relevant FI document due to we have done the foreign currency evaluation at last month end.
The error message as:
===========================================================================
Reversal of document 0220v1 1100004518v2 2009v3 not possible in FI
Message no. F5A005
Diagnosis
Item &v4 in accounting document 0220 1100004518 2009
was valuated with an open item foreign currency valuation.
System Response
Document cannot be reversed.
===========================================================================
How can I accomplish this job?
Any input is appreciated.
Thanks,
Don

Hi Mike,
Reset the Foreign currency valuation run? I am not sure about your suggestion. Does it means that I just key in the "reversal posting date" and "reverse post.peried" and don't key in "Document date","Posting date" and "Posting period",it is right? And then how to check the document being reset or not? (Just check if there have the document or not,when test run.)
Or I need to select a reset valuation method?
Thanks,
Don

Foreign Currency valuation reverse

Hi All,
Foreign currency revaluation we do every month end to reverse posting of all open items i.e vendor, customer and G/L accounts and Reversal is usually done for the next day which falls into next posting period. when do this steps I made a mistake, T-code FAGL_FC_VAL
under Posting Tab
the document date and posting date is 31.10 and by mistaken Reversal posting date I given 01.08 (instead 01.11), the batch was created and entries were posted. So please help me how can I reverse this posted entries? once reversed then, I can do the Revaluation again with proper date.

Hi,
I tested same Scenario in our test client to reset. The system reset all documents but when I try to post again in FAGL_FC_VAL with correct reversal posting date, after execute the system says List contains no data. Then I checked in messages, those document already valuated with valuation are 01 on 31.10.2011.
How can I reverse on the proposed reversal posting date? Please suggest.

Reverse Foreign Currency valuation

Hello,
Does Anyone know how to reverse a foreign currency valuation. I basically ran a foreign currency valuation with a wrong date and the valuation posted some data which is junk. I need to reverse this data. Is there any way of reversing a Foreign currency valuation SAPF100.
Thanks for your help
Keyur

Keyur,
I found in a couple of other posts in the forum that the only way to reset a valuation in classic GL is to have a valuation method (OB59) with Reset radio button and then run F.05 with that valuation method and the 'Balance Sheet preparation valuation' checkbox checked in the postings tab of F.05 transaction.
Here are the links to those posts.
https://forums.sdn.sap.com/click.jspa?searchID=26963024&messageID=6885880
https://forums.sdn.sap.com/click.jspa?searchID=26963024&messageID=3339308
There are quite some more - all of them with the same resolution.

Valuation Methods - foreign currency valuation

Hello
I am trying to understand the concept of different valuation methods. could you explain using examples please ?
Say for instance, a goods receipt is raised in USD for 100USD on 2 Jan 2009 and local currency is EUR. Exchange rate is 1EUR : 1,5USD. On 4 Jan 2009 invoice received at rate of 1EUR : 1,6USD.
What are the implications of the options lowest value principle, strict lowest value principle, always valuate and revalue for such a transaction?
tks

Those are different ways of valuating your Foreign Currency Operations depending or the country regulations:
1- Lowest value principle means that the Valuation will be posted only if it is giving a negative result.
2- Strict lowest value principle will be post valuation only if two conditions happened:
A - The valuation is negative
B - The new valuation has a greater devaluation and/or a greater revaluation for credit entries than the previous valuation
3 - Always Valuate: No matter if it is possitive or negative, the valuation will be posted.
4 - Revalue only: The opposite of the first one, valuation is only posted when possitve.
5 -Reset Valuation Run: In this case open items are valuated at the acquisition price. This way the valuation difference is set to zero. This is useful to reset previous valuations
Regards,
Fede

SAP t-code F-05 to post Foreign currency valuation

I have used SAP t-code F-05 to post Foreign currency valuation. After posting the entry H have reversed document in FB08 because of error. Unfortunately I want it to bring back to the original posting. I had reversed the reversal document in FB08. It got reversed and it came back to original position. I hered that in SAP FI it is not possible to reverse the reversal document. How it is possible me to do the reverse the reversal document

I guess the only way is to reset the valuation (without 'create postings' tick) and then rerun valuation with 'create postings' tick.

Changing GL a/c currency, maintained in foreign currency, to Company Code currency

Hello Friends – We have got few GL Accounts maintained in foreign currencies and posting also made to these accounts. Now, for some reasons, we need to change their currency to Company Code currency.
We have referred SAP Notes – 146824 and they say that it is possible to change the currency to local currency.
My doubt is that when I change the currency, I should reclass the balance to zero, once done, and then reclass the balances back.
Or I can directly change the currency?
Can you pls advice.
Thanks

Hi
There is absolutely no problem in changing an account currency from foreign to local currency. This is because, when you have the account currency as local currency, transactions in any currency can be posted to the account including the foreign currency in which the account was previously maintained. You do not need to set/reset the account balance for this change. Please also look at the below links which are helpful:
Change Account Currency - Implications | SCN
http://books.google.co.in/books?id=WuhM4yEffEUC&pg=PA19&lpg=PA19&dq=changing+the+currency+of+a+G/L+account&source=bl&ots…
Regards
Sowmya

Error while creating a Foreign Currency Receipt using Create_Cash API

Hi,
I am working on AR Receipts converison in R12 and trying to create cash receipts using AR_RECEIPT_API_PUB.CREATE_CASH.
Receipt gets created successfully when the currency_code is USD. Receipt Method i am passing is 'Manual Receipt'.
When the currency_code is not USD (EUR in my case), I am passing the values for p_exchange_rate_type and p_exchange_rate_date.
But the API Errors out without creating the foreign currency receipt giving the Error: AR_RAPI_RCT_MD_NAME_INVALID.
When i was trying to look at the API for this error, I dont see this error at all in the API. I see an error with the name 'AR_RAPI_RCPT_MD_NAME_INVALID' but nothing shows up for the error 'AR_RAPI_RCT_MD_NAME_INVALID' ('P' missing in 'RCPT'). I dont know where this error is getting invoked from?
I am not sure why the API is erroring out for foreign currency receipt saying Receipt Method Name is Invalid. But it works fine for currency_code USD having the same Receipt Method Name.
Any help would be highly appreciated.
Thanks in advance.
Regards,
Kesava

Hi Anil,
Thankyou so much for the response. The issue has been fixed.
There was a configuration missing on the existing bank account setup. On the Account Information Tab, ‘Multiple Currencies Allowed’ was checked, but on the Account Controls Tab, Receivables Controls/’Multiple Currency Receipts’ was not checked.
I have ensured that both of them are checked and I am now able to create multiple currency receipts.
Appreciate your help.
Thanks,
Kesava Chunduri

FIXED ASSET : Import FA in Foreign Currency

I'm trying to import FA which have been entered in foreign Currency (EUR & USD).
1 - Is it possible to do it ?
2 - If Yes, how could we do it ?

Jean-Jacques,
The forum you have posted your question in is for questions related to the SAP Business One SDK. Your questions seems application related to the Fixed Assets module.
While you may receive an answer here, you may be better and faster served by posting your question in the SAP Business One Discussion Forum at ...
SAP Business One Application
... or opening a message with SAP Support.
Eddy

Payment program F110 for Vendor Open Item in Foreign currency

Dear sap Guru
Is it possible to Ensures that no exchange rate differences are posted by the payment
Program? I mean: The amount in the bank posting in local currency does not result from translating the foreign currency amount at the current rate but from the total of the local currency amounts from the settled items.
Best regards
marco

Dear PAtel,
I checked and the ther eis the check box 'No exchange rate differences' anyway during the payment program execution the system is making some recalculation for open item in fc.
Someone knows what is the coloumn "Valuation Difference" in the Dysplay Payment Proposal Open Item list?
regards
marco

Foreign currency invoice Through APP Run Payment

Hi SAP Guru's,
My company code currency is "SEK" , and i am posting in FB60 currency is USD then i was Run app It is Showing like this Error
Job started
Step 001 started (program SAPF110S, variant &0000000021747, user ID BREDDY)
Log for proposal run for payment on 02/09/2012, identification B1
Information re. vendor 65670 / customer / paying company code 3130 ...
Payment with currency USD, payment method : No valid payment procedure
Information re. vendor 65670 / paying company code 3130 ...
... payment not possible because of reported error
End of log
Step 002 started (program SAPFPAYM_SCHEDULE, variant &0000000008301, user ID BREDDY)
Step 003 started (program RFFOEDI1, variant &0000000000283, user ID BREDDY)
Program RFFOEDI1: No records selected
can any one suggest me if any configuration is needed and how to run "Foreign currency invoice Through APP Run Payment"
Thanks in Advance,
Bhaskar Reddy.S

Hi Vishnu,
Thanks for your quick replay,it is also very useful answer to me. and i got the solution finally.
Setps:-
1) FS00 Under Control Data Tab I Remove the only Balance in Local Currency Check box
2)FBZP >BANK DETERMINATION> RANKING ORDER (Select ur company code), We need to maintain The which currency you want to like you have payment method "C" You should maintain
Payment Method       Currency     Ranking.Order          House Bank
C                                SEK                 1                            1000
C                                USD                 2                            1000
C                                  GBP                3                             1000
Under Bank Accounts Folder
House Bank           Payment Method         Currency      Account ID     Bank Sub account
1000                             I                               SEK             SEK1               200101
1000                             I                               USD             SEK1               200101
1000                             I                               GBP             SEK1               200101
Under Available Amounts Folder
House Bank          Account ID      Days    Currency    Available for outgoing Payment
1000                       SEK1                0           SEK           9,999,999,999,99
1000                       SEK1                0           USD           9,999,999,999,99
1000                       SEK1                0           GBP           9,999,999,999,99
Thanks,
Bhaskar Reddy.S

How can I see Foreign Currency FC balance in Purchase Analysis Report??

Dear Experts,
Right now in the Purchase Analysis Report, I can only see Local Currency and System Currency balances. How can I see Foreign Currency balances??
Much Thanks!
Warmest Regards,
Chinho

Hi!
I belive its not there in Purchase\Sales Analysis Reports. You need to build a Customized report for that.

Item Standard Cost for foreign currency purchase order

Hi there
I have a question about
We have foreign currency purchases of USD which is fixed in USD.
Currently, we are converting this into AUD and entering this as the standard cost.
But if the currency rate is changed, we need to adjust the standard cost of AUD even though the price of USD is still the same.
Does Oracle have standard functionality where we can enter the USD purchase price into the system and have the system rate convert it to AUD whenever we have a new exchange rate?

Hi,
my solutioning would be
1. Create an Org where in item cost is maintained in US$, and perform no material transactions in this Org.
2. Use the prog 'Copy Item Costs Across Organizations', to copy the cost from US$-Org to AUS$-Org using any conversion rate as defined (Corporate, or average etc)
Use this process on regular basis so that you have the latest coversion and cost rate.
Regards
Adarsh Krishna

Vendor Balances in Foreign Currency

Hello Experts,
In standard SAP, S_ALR_87012082 Report displays the Vendor Balances in Local Currency. Is there any Std. report similar to this which displays the Vendor Balances in Foreign Currency. Because there could be some foreign vendors invoices are posted in Foreign Currency.
We are in ECC 6.0
Any inputs please.
Thanks
Balaji

Read the data from LFC1 Table and use Function module to convert into foreign currency FM - CONVERT_TO_FOREIGN_CURRENCY
Reward Points if it is helpful
Thanks
Seshu

Reset GL to foreign currency

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