Void payment taking original exchange rate

Hi,
At the time of voiding payment transaction for foriegn exchange Wires the system is taking the original exchange rate. Is there any possibility to change the exchange rate to manual.

Well, just thinking as an accountant here, why would you not want the void of payment to be at the original exchange rate? I would think you would want that to be the case, because then everything ends up being 0. Let us take an example.
Paid $10 on 12/28/2009, or 140 euro (not the real rate, just making up for this example).
On 01/02/2010, you void the payment. You void $10. Let us say that is now 150 Euro. So you have -$10 and -150 Euro.
The +$10 and the -$10 net to 0.
The +140 Euro and the -150 Euro net to -10 Euro. Is that what you really want? I would think, as an accountant, I would want the euro to net to 0 also. After all, did you really spend 10 Euro in cash? No, you did not. But maybe someone does not think like me.
So how do you get around this? Well, I think you would have to create a manual journal entry. I would debit Cash for the exchange rate difference. Not sure what would credit - maybe Payables Liability? Accounting would have to say what to credit, I think. Yes, I agree, it would be a pain to identify the situation and manually calculate the journal entry amount and manually input the journal entry. But I don't know of any other way to work around this. Maybe someone else will see this and come up with an idea.
John Dickey

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Reissue payment - with different exchange rate

hi,
Is it possible to reissue the payment,with the different exchange rate?? the reissue list box is disabled in payments screen?
pls help me...
thanks a lot n advance...

any suggestion???!!! it is wire transfer...but the transfer had not completed..at this stage if end user needs to reissue payment with new exchange rate????
Edited by: prety on Aug 28, 2010 9:57 AM

Payment program and exchange rate

Hey Gurus,
When i run the payment program to pay my foreign vendor in foreign currency the system does not calculate the exchange difference at the point of the payment program.
Example.
invoice on 9/11 for 4267.50AUD the rate 1.2154 =3511.19usd run the payment program on 9/17 the rate is 1.18840. it pays out 3511.9 instead of 3590.96usd. The difference between the 3511.19 and 3590.96 would be the exchange loss or gain.
What is missing, or how should the system do it.
Then when the bank pays the order at the bank rate, the rate in the books and the bank rate are different, therefore different payment amounts, how do you set up the system to reconcile the two and generate another exchange rate.
Please
Thank you

Thank you for your quick response!!
What if i don't know the banks rate at the time of the payment program, which is what the case is going to be.
I guess my question is does the payment program calculate the exchange gain or loss when clearing the invoice , if so what settings make it do that?
And once the clearing is done and i receive the bank statement the two amount would be different due to the different exchange rates, how do i make the bank statement reconcile the two and post and exchange gain or loss.
Please help this is urgent.
Thank you

SRKIM: Payment Maturity Account 시 exchange rate 이 없어 error 발생

PURPOSE
Payment Maturity Event Accounting 시의 문제점을 해결한다.
Problem Description
Foreign Currency 로 발생한 Payment Maturity Event 에 대해 Accounting 시도 시 Exchange Rate 정보가 없어 error 가 발생하였다.
Cannot Account for maturity of <Payment document detalis> because the maturity is in a foreign currency and no exchange rate has been prov ided AE Line Accounted Status = CANNOT ACCOUNT FOR THIS EVENT
Workaround
N/A
Solution Description
다음과 같이 관련 정보를 update 후 다시 Accounting 을 시도 해야 한다.
Data fix Scripts:
update ap_checks_all
set MATURITY_EXCHANGE_RATE = &Maturity_Exchange_Rate
where CHECK_ID = &Check_id;
update ap_payment_history_all
set TRX_BASE_AMOUNT = &TRX_BASE_AMOUNT
PMT_TO_BASE_XRATE = &PMT_TO_BASE_XRATE
where payment_history_id = &payment_history_id;
update ap_accounting_events_all
set CANNOT_ACCOUNT_FLAG = NULL
where accounting_event_id = &Maturity_Accounting_Event_Id;
commit;
Reference Documents
Note 302220.1 Cannot Account for Payment Maturity Because The Maturity Is
In a Foreign Currency And No Exchange Rate Has Been Provided

Payment wizard - copy exchange rate from invoice

Dear Experts,
I'm facing a functional issue with the payment wizard.
my customer runs some (import) purchasing processes with fixed exchange rate from purchase order to outgoing payments.
As a result, he does not want to get any posting for exchange rate difference in the outgoing payments.
Generating the outgoing payment with the payment wizard, SBO uses the exchange rate of the day.
Is there a way to copy the exchange rate from the A/P invoice, or at least to change it somehow ?
the use of the outgoing payment transaction for manual payment enables to change the exchange rate.
But my customer needs to use the payment wizard in order to be able to generate the bank files.
Do you have any suggestion ?
waiting for your feedback
Regis

Hi Regis,
if you have agreed a price in the foreign currency your BP deals with, why not use this currency in the document flow? The amounts for your BP wwill remain the same throughout the transaction.
It doesn't really make sense not to capture exchange rate differences for your own books. If, for example you are using Euros & provided a very high value US Dollar quotation some months ago, the exhange rate difference between now & then would be significant. Therefore the automatic FX postings reflect the gain/loss your company makes according to market conditions.
All the best,
Kerstin

Exchange rate calculation in case of partial payment.

Dear All,
I have a case in which I need to calculate Exchange rate fluctuation on partial payment.
Example
Exchange Rate
01.04.2011   1USD = 40 INR
10.04.2011   1USD = 45 INR
01.05.2011   1USD = 50 INR
31.05.2011 1USD = 55 INR
Invoice Date = 01.04.2011 (1USD = 40 INR)
Purchase Ac Dr 100 USD
   To Vendor               100 USD
Partial Payment on 10.04.2011 of 20 USD
(10.04.2011   1USD = 45 INR )
Vendor Ac Dr 20 USD
    To Bank Cr 20 USD
Partial Payment on 01.05.2011 of 60 USD
(10.04.2011   1USD = 50 INR )
Vendor Ac Dr 60 USD
    To Bank Cr 60 USD
On 31.05.2011 (Month end Revaluation FAGL_FG_VAL)
(31.05.2011   1USD = 55 INR )
If we do the valuation you will find that system create Fluctuation on the basis of Rate maintain on 31.05.2011 .i.e 1 USD = 55 INR.
Ideally system should generate fluctuation at the time of partial payment only so in that case fluctuation will be less. And this is as per accounting standard also.
( I know partial payment is open item and system will not calculate exchange fluctuation in that case. But then this will be wrong practice.)
(If I go for residual payment in that case system will clear full invoice amount then and there and create exchange rate fluctuation of full amount which is also wrong).
Kindly Suggest
Bittu

Thanks Atif.
It mean that we have to show excess loss in our report, which is not actual.
SAP might be having some solution on this Issue as we cant show wrong B/S.
This is not a correct practice , hope you agree with me.
bittu

AP- Why exchange rate type between Post invoice and Post payment is differe

AP- Why exchange rate type between Post invoice and Post payment is different ?
Hello,
I have question
when post AP invoice , document type KR
document date = 11.12.2009
posting date = 31.12.2009
entry date = 05.01.2010
this document using exchange rate type B (standard translation at bank selling rate) on 31.12.2009 (use posting date )
but when post payment for above document,document type ZP
document date = 25.06.2010
posting date = 25.06.2010
entry date = 24.06.2010
this document using exchange rate type M (standard translation at average rate) on 23.06.2010
please answer
why do post invoice and post payment use different exchange rate type?
and why at payment donot use posting date for get exchange rate ?

Nanas,
Sorry if im not being clear...
My point is: the difference rates customization for payments is done at FBZP.
At Paying Company Codes, you have 4 flags for exchange rates differentes.
At Control Data look:
*Do not Post any Exchange Rate Differences:
If the indicator is not set, the difference between the exchange rate at the time of posting and the exchange rate at the time of payment is determined for items which are posted in foreign currency. The payment program uses the translation rate in the currency table in the system for this purpose.
*No Exchange Rate Differences for Partial Payments:
Has the effect that the payment program for partial payments (requests for payment using transaction F-59) does not post exchange rate differences.
*Processing of Bill of Exchange Payments:
*Separate Payment for each Payment Reference
Regards
Bruno

Issue in picking the daily exchange rate on Inovices.

Hi All,
I am facing a problem with the daily exchange rate on invoices from a particular sales organization. We have an issue when an invoice is cancelled and then reissued. Currently the new invoice is taking the exchange rate from the original invoice which is incorrect, it should be pick a new exchange rate from the day that the new invoice is created.
Are there any configuration settings for this. Where do i need to check.
Would appreciate your help if you could help me.
Thanks,
Mercy

Hi Mercy,
Go to transaction FBZP ->"paying company codes"-> double click the company code and check if the field
"Do not Post any Exchange Rate Differences" is flagged.
"Do not Post any Exchange Rate Differences
Use
Ensures that no exchange rate differences are posted by the payment program.
If the indicator is set, no exchange rate difference posting is generated. 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.
If the indicator is not set, the difference between the exchange rate at the time of posting and the exchange rate at the time of payment is determined for items which are posted in foreign currency. The payment program uses the translation rate in the currency table in the system for this purpose.
The exchange rate differences which have been determined are automatically posted for each payment. A valid table rate is used when you post to a bank account or a bank sub-account."
I hope I could be of assistance.
Regards,
Fernando Evangelista

Internal Order and Exchange rate.

Hi All,
System: SAP 4.6C
Payment is made in foreign currency CHF and debited to Internal Order (CIP); it was translated to Local currency USD as per that dayu2019s exchange rate.
When order settlement was made in following month, different exchange rate is taken by system and settlement was made to final object, leaving some balance in USD in the Order.
Balance amount was later nullified by entering a manual entry.
Is there any way how we can do the settlement of Order @ original exchange rate so that we won't have any balance in local currency in order?
Please share you inputs/Or if there is any OSS note to apply.
Regards
Ashok Prabhu

Dear Ashok,
there is an option in the configuration for F Exchange Rate.
i think your configuration is ok. But in your configuration you are using some G/L accounts for F Gain & F Loss.
Plz. check those G/L accounts (Master data) have post Automatically tick mark or not
in normal senario also it's happend in all cases.
Ex:
Date       Cur.    Rate          Loc. Cur.      total
1.4.08     usd      40      x     100              4000 -at the time of invoice
1.5.08     usd      50      x     100              5000 - at the time of pay ment
when ever you trying to clear those invoice it's picking the rate from table 1.5. (if your clearning after 1.5.)
if you are select Automatic posting in your master data you can't find those deference.
i think in your case also same thing happend
regards
radha

In import PO, Exchange rate is not picking from PO

Hi All
In import PO, while doing Miro(Customs) and Migo, the system not taking PO exchange rate But it is taking Table Exchange rate.
is there any thing to be done?
Regards
manju

hi
in po header delivery/invoice tab tick exchange rate fix indicator
if u dont tick it system will pick the exchange rate what u maintain in OB08
regards
KI

Exchange Rate difference in MIGO

Hello members,
During MIGO, a material document is created and subsequently an accounting document is created.
BADI has been developed as per the business requirement to post the accounting document by
taking the exchange rate as on the Document Date, wheras, the rate taken as per Material document is
posting date. Subsequently when IR is done, the sytem takes the reference of Material document
as per posting date and the exchange rate is taken as on posting date. On account of GR accounting
document(as per document date) and GR Material document(as per posting date), there exists a
difference and posted to expense account. The business requirement is the system should take
only document date for GR and IR and hence there should not be any exchange rate difference.
Whether ticking the fixed rate in exchange rate in PO will suffice or we have to make some other
settings & developments. Kindly guide.
Thanks in advance,
Sadashivan

Hi Jeyakanthan,
If we check the fixed rate, the system will pick the same rate in IR as it was in GR(Material document), the rate on the
posting date valid as per OB08. But the accounting document created for GR is as per document date which is
different from posting date and rate prevailing on document date is different. Hence, there will be a difference in the
exchange rate in GR and IR accounting documents. Any idea how the system can pick the rate as per document
date in accounting document of GR for IR postings instead of posting date?
Thanks and regards,
Sadashivan

Exchange rate at GR

I have maintained a exchange rate for GB vs USD
I have created a Po for an Item with exchange rate maintained as floating. e.e I am not checking the fixed rate tab in PO header under Delivery tab.
Now when I receive goods at later date,I want to have the prevailing exchange rate on that day.I wii first maintain the existing exchange rate on that day before making a GR
Does system picks up the current date exchange rate automatically at the time of GR??
regards,
Manoj

Hi,
System taking Current Exchange rate at the time of GR(GR date)Only if u r not tick Fixed exchange.
Raghu

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 Nieto

Hi 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

Wrong exchange rates ...How to reverse the material document.

Hello,
I have an issue with Exchange rates . By mistake we have entered wrong exchange rates in OB08 and created purchase order and done the goods receipt with wrong exchange rates after that we have corrected the same in OB08 later when we have done invoice receipt it has taken the new exchange rate which is correct.
Now i want to reverse the invoice document & Material document . When i have reverse the invoice document it has taken the new exchange rate.
Whereas when i am doing reversal of material document it not taking wrong exchange rate it is taking the present exchange rate.
Please advice how i can reverse the material document exactly with same exchange rates as it done for GR or How i will settle this difference amount.
Thanks.
Ashok

When i have reverse the invoice document it has taken the new exchange rate.
Maintain exchange rate in purchase order,Tick mark fixed,Reverse/Cancel invoice document it will reverse with p.o ex. rate.
Please advice how i can reverse the material document exactly with same exchange rates as it done for GR
Maintain desired exchange rate in OB08 for GR Posting date,Cancel material document
Also check
SAP Note 518114 - FAQ: Goods movements in foreign currency
Edited by: Jeyakanthan A on May 3, 2010 4:52 PM

Different exchange rate in tables FMIOI and FMIFIIT for same purchase order

Hello,
I'm working in ECC 6 system with Former budget. My company code is in EUR currency.
I create a purchase order in 100 GBP and the exchange rate entered in the purchase order is 0,83 GBP for 1 EUR (100 GBP = 120,48 EUR).
When I create an invoice linked to the purchase order, the exchange rate is 0,85 GBP for 1 EUR (100 GBP = 117,65 EUR).
in the table FMIFIIT, the amount for the invoice is 117,65 EUR.
and in the table FMIOI, the amount for the reduction of the PO is 120,48 EUR.
Why is the reduction of the purchase order taking the exchange rate from the PO? and not from the exchange rate of the invoice?
Normally, the reduction of the PO should have the same amount as the invoice.
Could someone help me about this?
How can I do to correct the amount in EUR for the PO?
Thanks for your help.
Regards,
Chiachen

Hi,
Normally, the reduction of the PO should have the same amount as the invoice.
This is incorrect, please consult note 418914.
So, the situation you describe is normal behaviour, under assumption that your unit of measure is updated on value-based level.
Regards,
Eli

Void payment taking original exchange rate

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