To clear exchange rate difference
Hi,
The GR value is 436,905.00 (posted in Oct)
The LIV value is 402,255.00 (posted on Nov)
Therefor there is an exchange rate different by 34,650
How do we clear the differences?
Pls advise.
Hi Newbie,
For that you have to create two gl accounts for exchange loss and exchange gain, after that wat i mention below configuration is required .
Define valuation methods:
. (Transaction Code OB59 ).
Select new entries button
Valuation Methods:
Description: FC Valuation Bank Selling for
Document Type: SA
Debit balance exchange rate type (B) (Bank Selling)
Credit balance exchange rate type u2013 B (Bank Selling)
Select determine rate type from account balance
Select save button
Prepare automatic postings for Foreign Currency valuation
Transaction code OBA1
Double click on exchange rate defining using exchange rate key
Give your chart of accounts:
Enter
Exchange rate difference key:
Expenses account:
E/R (Exchange rate) gain account:
Save
May be this information is useful toyou
If you have any doubt feel free to ask
Regards
Surya
Similar Messages
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Open Item Clearing: Exchange Rate Differences
Hi guru
I have one account 100 and in fbl3n I have the following posting:
document number 1: account 100--> Amount 2000$ in S, Exchange rate 0,63
document number 2: account 100--> Amount 2000$ in H, Exchange rate 0,70
Then I have cleared this account but in the posting I have 3 lines item:
1 the account : amount 20 in S
2 passive difference: amount 100 in S
3 active difference: amount 120 in H
The user asked me a posting with two lines items:
1 the account: amount 20 in S
2 active difference: amount 20 in H
He would like to see only the difference (120-100)
is it possible?
Thanks
Edited by: Rossella Fiorella on Apr 20, 2011 1:26 PMHi,
you have to create two gl accounts for exchange loss and exchange gain, after that wat i mention below configuration is required .
Define valuation methods:
. (Transaction Code OB59 ).
Select new entries button
Valuation Methods:
Description: FC Valuation Bank Selling for
Document Type: SA
Debit balance exchange rate type (B) (Bank Selling)
Credit balance exchange rate type u2013 B (Bank Selling)
Select determine rate type from account balance
Select save button
Prepare automatic postings for Foreign Currency valuation
Transaction code OBA1
Double click on exchange rate defining using exchange rate key
Give your chart of accounts:
Enter
Exchange rate difference key:
Expenses account:
E/R (Exchange rate) gain account:
Save
Regards
Praveen P C
Edited by: Praveen Chirakkel on Apr 21, 2011 7:11 AM -
Exchange rate difference account is showing more than invoice or advance am
Hi,
Exchange rate difference account is showing more than invoice or advance amount (USD V/S INR)
1) we have done down payment of customer. (USD V/S INR RS. 40/- PER DOLLAR)
2) Invoice posting also done (RS. 42/-)
3) At the time of Invoice against down payment clearing (RS. 43/-)
At the time of clearing exchange rate difference account is generated automatically (back ground calculated).
But exchange rate differemce account is displaying amount is more value. This value is more than invoice and advance value.
But question is how this much of value is getting in exchange rate difference account.
Please suggest possible ways to get that.
Regards
Srinivas GundalaHello
There is a SAP note 357758. Please refer the same and also contact SAP OSS.
Rgds -
Exchange Rate difference for freight clearing
Hi SAP Gurus,
I am facing a problem regarding exchange rate fluctuation. We have an import PO with USD (300 USD for Goods + 24 USD as freight).
The Problem has come at the time of IR
At the time of GR exchange rate was Rs.46.75, but at the time of IR the exchange rate is Rs.50.30
Incase of Goods (GR/IR Material) system attempt to post the difference amount (for foreign exchange fluctuation) to the account defined under Transaction u201CKDMu201D
But incase of freight (Freight Clearing) system attempt to post the difference amount (for foreign exchange fluctuation) to the account defined under Transaction u201CPRDu201D
I want to post the differences (for Goods & Freight) to the account defined under Transaction u201CKDMu201D
Kindly help me.
With Thanks & Regards,
___SAJIB SAHA___Exchange rate differences for open items (KDM)
Exchange rate differences for open items occur when an invoice and a goods receipt for a purchase order are posted at different exchange rates and the material cannot be debited or credited due to standard price control or stock shortage.
Price differences (PRD)
Price differences occur for materials subject to standard price control for all movements and invoices valuated at a price other than the standard price. Examples: goods receipts for purchase orders when the purchase order price differs from the standard price; goods issues when an amount is entered manually; invoices when the price invoiced differs from both the purchase order price and standard price.
Price differences can also occur for invoices for materials with a moving average price when there is insufficient stock coverage for the quantity invoiced.
Depending on the settings for the posting logic for the processing key PRD, you can work with or without account grouping. If you work with account grouping, the following are used in the standard system:
None for goods and invoice receipts for purchase orders
PRF for goods receipts for production orders and
order settlement
PRA for goods issues and other movements
PRU for transfer postings (price differences for external amounts) -
Only reseting the cleared documents with exchange rate differences in FBRA
Hello,
we want only reset the cleared documents . We dont want to reverse the cleard documents. But When we try to do it we get a message Exchage difference are posted do you want to reverse it. Want we want to reset are in Doc.. currency. postings for August.
As i know when we have exchange rate difference we dont get an option only resettng but we get reseting and reversing.
May i know how to slove this situation.
Thank you
ChaithraHiI
f you set this selection field then the settings in the ERD Setting column for this currency type are no longer relevant. The system calculates and posts exchange rate differences between order-related goods receipts and invoices not just for materials with standard price, but also for:
Materials with moving average price
Account-assigned transactions
Planned delivery costs
The valuation of the inventories or consumption is effectively done at the exchange rate for the goods receipt, and not at the exchange rate of the invoice. When you post the good receipts, the fixed exchange rate from the purchase order is not used, but the translation of the purchase order values to local currency is always done at the posting date of the goods receipt.
If you are using the material ledger with actual costing, the system does not include the posted exchange rate differences at period-end closing in the actual prices of the materials.
Regards
Antony -
Exchange Rate Differences when clearing a bank item
Hi everyone,
I'm having a problem when I try to clear a bank item with the bank statement because the document is creating two exchange rate differences, first one debiting to loss account and the other one credting to gain account. I'm not pretty sure if this behavior is the right one but It does not make any sense to me.
I'll detail step by step the process I'm following:
Example:
1.- I create an invoice with an exchange rate type of 15
2.- Then I make the incoming payment with an exchange rate type of 16 (This causes an exchange rate item that is correct for me. Exchange rate Item is for 10 usd)
3.- Then I try to clear the bank item created (same exchange rate than the incoming payment = 16), and now document creates two exchange rate items, the first one debiting to loss account for 10 usd and the second one crediting to gain account for 10 usd.
Could you please help me in order to know if this is ok?
I really appreciate your help
Thanks in advance
Best Regards
Manuel NietoHi everyone,
Thanks everyone for your replies. I've realized what's happening, and its related to document split. Because as bank item in incoming payment was splitted, when I try to clear this item ,split happens again no matter if at clearing point exchange rate type is the same as in the incoming payment, that's the reason of the two items one debiting and one crediting for the same amount.
Thanks very much
Best Regards and thanks for your help.
Manuel Nieto -
Exchange rate differences for GL Account Bank clearing
Dear Experts
when I run revaluation with exchange rate differences for Gl account bank clearing, why incoming payment transaction do not include in the calculation ? because of this, the balance have the wrong value
really appreciate your help
Best regards
JeiMingHello JeiMing,
Please reference to the following Note at link https://service.sap.com/sap/support/notes/1041007 for a detailed explaination on this Exchange Rate difference issue.
Hope this is helpful.
Regards,
Xu Zhang
SAP Business One Forums Team -
Exchange rate differences posted when clearing but not FAGL_FC_VAL
Hello,
I need to configure accounts for exchange rate differences for clearing, but I if I configure just "account for Realized Exchange Rate Losses" and not " Account for Loss from Valuationu201D in OBA1, the account is selected in month end valuation ( FAGL_FC_VAL) and I do not want it because it ends on error.
Do you know how to cover this requirement?
CheersHi,
You can exclude the account in the the forex reval run by excluding the GL account by specifiying the account in the variant used for period end processing.
Or you can use valuation area for period end processing in FAGL_FC_VAL and configure based on which the account if not maintained in the valuation area would not post.
Regards
K.R -
Exchange rate differences whne clearing documents in local currency
Hello,
While clearing customer documents in local currency , the system calculates exchange rate differences in the clearing document. Even if the amount in local currency is 0, the amount in second local currency will have a value. The same is happening also when we clear GR/IR account. In the case of customer clearing, becuse for the exachange rate differences account are maintaied default values in OKB9, the system cannot split, since there are 2 different account assignments when tolerances are also involved.
I think that, if the exchange rate differences account wont be popluated while clearing, i will be able to post clearing with tolerance amounts.
Any idea about how to make the exchange rate differences not to be caulculated for clearing in local currency?
Thank you,
S.Hi,
Go to OBY6 and choose your company code.
For your company code, the check box No forex rate diff. when clearing in LC should have been checked in case if you dont want to calculate the exch rate diff when clearing open items in LC.
This will solve your issue.
Thanks,
Srinu -
EXCHANGE RATE DIFFERENCE WHILE CUSTOMER CLEARING
Hi,
while clearing the customer through f-32, system is not picking the exch. rate. gain/loss a/c. Also when I am clearing the payment on same date as the payment date, system is not picking the same exchange rate as it is for payment.
Regards,
akashHello Akash,
i think this may help:
The currency rate picked up by the system is the current one, not the
rate in the posted document.
However, this can be avoided by setting the flag
flag "XSLTA" (no foreign exchange rate when clearing in Local currency).
in fs03.
Please set this flag and then simulate the clearing with currency
(local currency). Exchange rate differences items are not posted.
Please refer to the field on line documentation for and example and
further information.
Kind regards,
Jon -
Exchange rate difference in f-03
Hi all
pl. help me. I am not able to clear open item in f-03 which is maintained in BRL. I am posting payment in usd. the error reads:
Ex.rate diff.accts are incomplete
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.
I have called transaction OBA1, and entered the GL a/c and currency BRL. Even i cannot save it says
"Enter line items first or choose open items"
pl reply friends urgently
Thks
umaHi Uma,
Exchange Rate has been defined both the end. Like INR = USD and USD = INR.
Here you are not yet defined GL account for Exchange Rate Difference account (Gain or Loss).
T.Code OB09 Define G/L , Currency and Currency Type.
Before that you would have the GL account please create in FS00.
Hope it will help you.
Regards,
Sivakumar Sathiyamoorthy
+919916131375 -
Problem while 're-posting' a cancelle Invoice with Exchange Rate Difference
Hi Gurus,
We are facing a problem while re-posting an Invoice with Exchange Rate Difference. I say re-posting because this invoice was previously posted and reversed on the same date. Here is the scenario along with the relevant postings:
1)
G/R is posted in September when the exchange rate for dollar was, say, Rs. 49 = 1 USD.
Posting:
Service A/C.....100 USD (Rs. 4900)
To SR/IR Clearing A/C...100 USD (Rs. 4900)
2)
MIRO is done in October, when the exchange rate was, say, Rs. 48 = 1 USD. Thus, the exchange difference posting was done in the respective accounts.
Posting:
SR/IR Clearing A/C......100 USD (Rs. 4900)
To Vendor A/C...........90 USD (Rs. 4320)
To TDS A/C..............10 USD (Rs. 480)
To Exch. Difference A/C. 0 USD (Rs. 100)
This was the correct entry, however we missed out some TDS codes and thus needed to reverse this entry and repost it.
3)
Now this invoice was reversed (T.Code MIRO) in october itself on exactly the same date on which invoice was created, and it resulted in the following postings:
Vendor A/C......90 USD (Rs. 4320)
TDS A/C.........10 USD (Rs. 480)
To SR/IR Clearing A/C...100 USD (4800, i.e. 48 * 100, Rs.48 being the exchange rate in october)
4)
Now when we try to post MIRO again, it is posting the following entry:
SR/IR Clearing A/C......97.96 USD (Rs. 4800)
Exch. Difference A/C.....2.04 USD (Rs. 0)
To Vendor A/C........... 85 USD (Rs. 4080)
To TDS1 A/C............. 10 USD (Rs. 480)
To TDS2 A/C............. 5 USD (Rs. 240)
This is a wrong entry. SR/IR clearing A/C should have been debited by 100 USD (Rs. 4900), and the Exch. Rate difference account should have been credited by 0 USD (Rs. 100)
Can someone please help us with this. What the system seems to be doing is, that when the Invoice was reversed, the value that got reversed for SR/IR Clearing A/C was 100 USD but with Rs. 4800 instead of Rs. 4900. Now, when we try to repost the invoice, the system divided this value by the exchange rate prevalent in September, i.e. Rs. 49, thus the resultant value 97.96 USD (i.e. 4800 / 49).
Please help.
Thanks!
Regards,
Angad NagpalSolved.
The final entry is correct, as the net result in the G/L balances is the same. For further information please refer to notes 116250 and 46564.
Thanks!
Regards,
Angad Nagpal -
Exchange rate difference not getting posted to KDM account during MIGO/MIRO
Hello Gurus,
I have a purchase order with many line items. For some of the line items, the exchagne rate difference between the date of MIGO and the date of MIGO is taken to the KDM account. But for some other line items, it is not being taken the KDM. For such line items, the value of the GR/IR account in the local currency is different from MIGO to MIRO. Due to this, the GR/IR clearing is not happening automatically.
Do you have any idea, why the system is not taking the different to KDM for some line items and taking it correctly to KDM for others.
The only difference that I noticed between these 2 line items was
In case where the KDM account is determined, the GR was done for only one line item
In case where the KDM was not determined, the GR was done for more than one line item.
Thanks in advance for your replies
Thanks and Regards
VenkateshHi Venkatesh,
I suspect that in your system may be the setting in OMRW is not activated. If the CCurr indicator is not activated for respective company code. Please refer to the information from note 980402 :
After you implement this note, you can use Customizing transaction OMRW to make settings for the new logic for each company code and each currency (the first local currency and two other material ledger currencies, if the material ledger is active). If the CCCurr indicator (V_169P_PK-KDHW) is set, this activates a new logic for calculating the exchange rate difference (KDM amount) in the company code currency (first local currency). As a result, the system also generates KDM lines for purchase orders with account assignment and for purchase orders with MAP materials in inventory management and in invoice verification if required. If the material ledger (ML) is active, you can set a corresponding indicator for additional ML currencies.Bear in mind that the system performs a 1:1 cancellation for the KDM line in the cancellation transactions.
If the indicator is not activated, then the new logic for calculating the exchange rate difference is not active.
I hope this helps.
Regards
Ravinagh Boni -
Posting of Exchange rate differences in parallel currencies
Hello experts,,
We are on ECC 6.
When we enter an incoming invoice with MIRO and the current exchange rate differs from that in the PO, the exchange rate differences in local currency and in parallel currency (group currency) post to different accounts.
Is this a standard feature / behavior? If so, where can i find the settings.
Shouldn't the postings in all currencies (except doc currency), in the event of exchange rate difference post to the same account?
The material ledger is not active.
We have maintained a local currency and a group currency.
Example to illustrate my issue -
DC = JPY
LC = SGD
GC = USD
PO for asset.
PO value = 100000 JPY
Ex rate not fixed in the PO.
Ex rate at PO -
100 JPY = 1.6 SGD
100 JPY = 0.85 USD
Ex Rate at IR
100 JPY = 1.7 SGD
100 JPY = 0.9 USD
When IR is entered,
The exchange rate difference of 100 SGD (@ 0.1 per 100 JPY) is posted to the asset. No posting in USD (though there is a balance of 50 USD).
At clearing (Transaction FB1S - GL account clearing) the exchange rate difference (in GC only, because no balance in LC) of 50 USD (@ 0.05 per 100 JPY) is posted to the Exch. rate difference GL acct.
Thanks in advance for your advice/solution.
B. Regards,
HalaswamyHello,
1. You have to assign Forex GL's for the reconciliation accounts in OB09.
2. At the time of payment for incoming invoices, system can read the valuation differences and it will post to Realized Gain/Loss accounts and B/S adjustment account.
3. You can consider this amount to issue bonus to your customers.
Rgds
Murali. N -
Exchange rate difference posted to Group currency only during MIRO
Hi SAP Gurus,
We're activating parallel currency in ML and USD is the group currency. GR/IR clearing acct is managed in local currency only.
OB22
Crcy Type 30 Group currency Currency USD
Valuation Legal Valuation
ER Type M Standard translation at average rate
Srce curr. 1 Translation taking transaction currency as a basis
TrsDte typ 3 Translation date
Please find below scenario:
Co code currency: ZAR
PO: ZAR
Upon GR:
Posting date- 04/14/2009 exch. rate 1ZAR= 0.11099 USD
Entry: debit Expense - 4,078.19 ZAR/ 452.64 USD
credit GR/IR acct - 4,078.19 ZAR/ 452.64 USD
Upon IR:
Posting date- 04/20/2009 exch. rate 1 ZAR= 0.11279 USD
Entry: debit GR/IR acct - 4,078.19 ZAR/ 452.64 USD
credit Vendor acct - 4,078.19 ZAR/ 460.02 USD
automatic additional debit Expense - 0.00 ZAR/ 7.38 USD
Here are my questions:
1.) Where would I check the setting for the GL account used in the automatic line entry posted in group currency during IR? (3rd line item above)
2.) Can this be changed? Say instead of the original acct assignment, the management want to change it to FX gain/loss account
3.) How?
I have checked several notes (331910,etc) but I can't seem to find the answers to my questions.
Appreciate your help. Thanks!
Regards
DruJust an update to this issue- I just found out that the system is pointing to KBS when posting the
exchange rate difference in group currency upon IR, hence, PO account
assignment is adopted. I'd like to rephrase my question- is there any
way we can change SAP behaviour such that it will point to other
transaction key (e.g. KDG) other than KDM? Bottomline is we want it
charged to other GL account not the one in the PO.
Thanks so much for your assistance.
Regards,
Dru
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