Vendor Payments in Foreign Currency

Hi,
Vendor account is maintained in INR
We receive purchase invoice from vendor in USD.
can we make payment in USD through out going payments.
Thanks

Hi,
If the LC of the system is INR and the Vendor currency is INR too, then the Invoice can be added in INR and the payment will be made in INR only.
If the Vendor is USD, then the Invoice can be added in USD as well the Payment. When you enter the Payment Means window, you can select the currency in the top field - currency.
Regards,
Jitin
SAP Business One Forum Team

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Hi,
If the LC of the system is INR and the Vendor currency is INR too, then the Invoice can be added in INR and the payment will be made in INR only.
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Vendor Balances in Foreign Currency

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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.
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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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Hi all
I have a scenario wherein I want to round off the Foreign Exchange amount to the nearest Rupee. I.e when I am making a payment in Foreign currency, the amount in local currency appears upto 2 decimal places. However, I want the same to be rounded off to the nearest rupee.
E.g I am making a payment of USD 111 @42.1277 which comes to 4676.17 in the local currency INR. Now I want the system to round off the amount to 4676 at the time of the payment transaction itself. Is this possible through the RDF key in Forex Automatic Postings? If yes, then I already have an account assigned there but the system does not round off the amount.
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i'm not aware of that functionality.
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Payments in foreign currency

hi
when payments made for foreign currency transactions, what postings are made to balnce sheet adjustment account for foreign vendor? how is this account adjusted after payment is made so that true reflection of vendors can be reported.
tx

Hi,
When the revaluation program is run (normally during month end), the foreign currency transactions will get revaluated and the loss/gain gets posted to the B/S adjustment account.
If the program, in the above step, was run with the "Reverse posting" indicator marked, the documents created in the above step would be reversed automatically on the 1st day of the next month. Thus the adjustment account gets set off.
If the "Reverse posting" indicator was NOT set, then during the invoice payment, the adjustment entry (from the first step) gets reversed. In the payment document you can find an additional entry that sets off the B/S adjustment account.
Hope this helps.
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Mike

APP - Payment in foreign currency

Hi everyone,
We have posted a incoive in USD for 1000, now we want to make payment in usd only how to make it? my co code currency is INR
We have configured all settings in TC: FBZP selected Foriegn currency allowed. but while running F110 system threws error message like :Invalid payment method'
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Hi
Probably it is not Foreign currency error but Payment method you are using. Check payament method which you have given in Vendor master data and FBZP.
Regards,
Hari Peddi
Edited by: HARI PEDDI on Oct 3, 2008 12:51 PM

Outgoing Payments in Foreign Currency

I am trying to figure out how to correctly post payments and apply the gain/loss to exchange rates.
LC = USD
FC = CZK
I post an AP Invoice for CZK 20,000 in June with an exchange rate of 1 USD = 20 CZK.
The GL Records the transaction using the above rate as defined in the Rates table.
Two months later I post an outgoing payment. I paid the vendor in USD. The rate defined in SAP is 1 USD = 19 CZK.
The vendor, however, uses a rate of 18.90 CZK per USD, therefore, I need to send USD 1058.20 (CZK 20,000 / 18.90)*18.9
How do I post this transaction? I need to somehow specify that the exchange rate for the payment is different than the exchange rate that is listed in the rates table. If I enter a USD payment of 1058.20 then SAP calculates the CZK 19, not the actual one exchange rate. If I specify payment in CZK then the USD calculation is incorrect.
I should have a exchange rate loss of USD 58.20 through the transfer. I will also need to post the exchange rate loss between the ap invoice rate and the payment rate. For the second part I found that I can do this through Financials > Exchange rate differences.
What am I doing wrong?

Hello,
using exchange rate different can be correct for your case if you deal with foreign currency. Meanwhile conversion rate different is for SC and LC different.
There are some options there in the header to select before perform the different.
Another things to consider is that there is no unrealized gain/loss G/L account field in the G/L account determination of SAP B1. I think you could use manual journal entry for this one but discuss with your accounting staff first.
Rgds,

Vendor payment for different currency go to same account

Hi,
In the vendor master, I maintain both indonesia currency bank account and USD bank account, (same bank key, diiferent bank account, different country, bank type 1 & 2), but in the payment run, when we use payment method C, payment couldn't differentiate vendor's IDR and USD bank account, both IDR and USD invoices go into IDR account.
so how to solve the problem, how can we differentaite?

Hi
maybe you could try to write a substituion: 1. save the bank details on the vendor master with the currency key 2. write substitution - on invoice, the bank details = the currency of the document.
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Dear Experts,
We have a strange case, and requesting the SAP behaviour for this case.
The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG 105
I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010. Paying in EUR is rarely happens.
Awaiting your kind reply.
Regards,
Francis

Hi Sayeed,
As far as I know we don't need to maintain the direct relationship between SDR vs EUR as the system logic for currency conversion is from Document currency to Local currency and Local currency to Payment currency.
We hadn't had such issue before, we are facing after we upgrade to ECC 6.0.
Please refer to this note, I guess it is a bug in program. Refer Note: 1413445.
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Francis

Foreign currency Payment using foreign currency bank account

Hi,
We have the following requirement:
Functional currency : GBP
Bank Account :USD
Need to make payments in CAD
Since the bank account is not in functional currency we are unable to make that multi currency payment enabled. Users do not want to create a functional currency bank account.
Now how to overcome this situation ?

Hi, I am referring to paying foreign currency (ap payments) using non functional currency bank accounts. Are you referring to payment or receipts in foreign currency ?
Please refer the in 11i ap guide
1. pg 2-104
"Dening Multiple Currency Bank Accounts
A multiple currency bank account is an account that accepts payments in more than one currency.
If you define a multiple currency bank account for payments, the currency of the bank account must be the same as your functional currency."
2. Payment Formats pg 2-140
" When you define a bank account, you can only allow payment of multiple currency invoices if the bank account currency is your functional currency."
These 2 states that you can pay suppliers in foreign currency only if the bank acct currency through which you are paying is same as functional currency. But my bank account currency is different from functional currency.
Since you say you are doing , I am quite interested to find out more.Can you please let me know your currency setups on the bank and payment format.
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Hi all,
PO is created in USD and thereafter GR and IR done. The payment of this invoice has to be done in
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Dear Experts,
We have a strange case, and requesting the SAP behaviour for this case.
The document (Invoice posted) in "SDR" special Dinar Rate (not standard currency), and the Local Currency is BHD - Bahraini Dinar, and wanted to pay in Foreign Currency in "EUR". mainted the payment currency in the document.
As far as I know system will check exchange rates for conversion from SDR - BHD and then BHD - EUR, so maintaining these two combinations are enough.
But strangely I am getting error while processing F110 automatic payment program, system is giving error "Enter the Rate EUR/SDR rate type M for 04.08.2010 in the system". Message No. SG - 105
I am facing this error after we upgraded to ECC 6.0 from ERP 4.7 in March 2010. Paying in EUR is rarely happens.
Awaiting your kind reply.
Regards,
Francis

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Please clarify the following:
I have posted a vendor invoice in USD. Is it possible to pay the vendor in another currency ?

Hi,
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Hi
We placed a message, that over payments and underpayments does not work for foreign currency business partners. See SAP Note 1068260.
The SAP Support gave us the feedback, that we can not place a "Missing Funktionality Request" in that case.
What should we do that our customers can use the SAP Business One properly?

Hi,
When the revaluation program is run (normally during month end), the foreign currency transactions will get revaluated and the loss/gain gets posted to the B/S adjustment account.
If the program, in the above step, was run with the "Reverse posting" indicator marked, the documents created in the above step would be reversed automatically on the 1st day of the next month. Thus the adjustment account gets set off.
If the "Reverse posting" indicator was NOT set, then during the invoice payment, the adjustment entry (from the first step) gets reversed. In the payment document you can find an additional entry that sets off the B/S adjustment account.
Hope this helps.
Regards,
Mike

Posting outgoing payment in foreign currency

Dear all,
I post a invoice with exchange rate 1USD = 0,95 EUR
After I post outgoing payment with exchange rate 1USD = 0,92 EUR
I receive a meassage " Exchange rate diffirent account is incomplete for account 331111 ( My recon.account of vendor) currency USD"
Please tell me how can I post acounting entries?
Thank for your help
Minh

If you use KDB,
Configure GL accounts for each Exchange Rate Key you use. Also, remember to mention this key in the GL account number (Company Code data FS00 / FSS0 --> Control Data screen, under "Exchange rate difference key").
When using KDF or KDW, simply assign the GL Account number. This will be triggered for all postings where the Exchange Rate key is not defined.
Finally, make sure all your GLs are extended to the Company Code (FSS0)
Hope this helps.
Cheers.

Vendor Payments in Foreign Currency

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