Question on Foreign currency

[Former Member]

Can any one help me to clear this question.

Can accounts with a foreign currency can be posted to any currency ?

Thanks.

[Former Member · Accepted solution]

Brother, I already anser the question that you can not post the document in any currency if maitained the account in foreign currency.

http://help.sap.com/saphelp_erp2005vp/helpdata/en/c7/a89dd243dd11d182b30000e829fbfe/frameset.htm

Further study the course :

AC260: Additional Feature in Financial Accounting , Chapter 3 ( parallel Currency)

AC200: Accounting Customizing 1: General Ledger. Accounts payable, Accounts Receivabale

Uint: 2 Master Records ( this is the statmenet that SAP Write)

<b>

" Account in Foreign Currency</b>

If you select a foreign currency as account currency, you can only post amounts in

this foreign currency to this account.

The transaction figures and the line items are managed in the account currency

and in local currency.

Example: A company has a foreign exchange account in US dollars at its house

bank. The corresponding G/L account in the general ledger is also managed with

account currency USD to ensure reconciliation with the bank account at any time."

I also test the same in system, When I try to post the document other than account currency (foreign currency)

system display the following error

Postings to account A01301 (company code 7800) are only possible in currency USD

Message no. F5353

Diagnosis

G/L account "A01301" is managed in "USD". For this reason, it is not possible to post amounts in "INR".

System Response

The data canot be updated.

Procedure

If you want to post a gain or loss from exchange rate fluctuation to a foreign exchange account, you must use the Foreign currency valuation function.

Proceed

If you do not want to do this, correct currency key "USD" in the master record of G/L account "A01301" in company code "7800".

Proceed

Thanks

Message was edited by:

MSiddique

[Former Member]

Hi,

Account with foreign currency cannot posted any other cuurency

Ex:Local currency:INR

Foreign currency :USD

In FSoo you created X account with currency of USD,but at the time of posting if you want use EUR system will not accept

2) In Fs00 you created account with Currency of INR, but at time of posting you can use either Usd or EUR because INR is local currency.

If it helpful for you give points

Thanks and Regards

Chenu

[Former Member]

Hello

Ideally, could you test this scenario in quality. Logically, the GL account currency should be able to accept any other currency if exchange rate settings / links are maintained. Other wise, there could be issues in reporting.

In other words, assume you have INR as company code currency and for one particular GL account you have maintained USD. If the conversion is not taking place, how could we prepare financial statements.

Alternatively, I assume the display would be in USD, but reporting would be in INR.

Reg

[former_member348872]

Hi

IF GL Currency is different from Co Code Local Currency, then that GL account cannot be posted in any other currency, So answer to your currency is ACcounts with foreign currency can only be posted only in that Foreign currency. This is Standard functionality of SAP and cannot be customised.

[Former Member]

NO

Any Account that you maintained other than your company code currency is known as account with foregin currency.

System will only allow you to enter document on this foreign currency.

Thanks

[Former Member]

example, G/L account bank with EUR Currency, but then you want to posting some document to it with USD Currency. It is allowed.

Hope it can help.

[Former Member]

Hi,

in my example, there are 2 conditions like below :

1. Local currency = EUR then G/L account with EUR currency is allowed to post in USD, IDR,SGD,etc (any currency).

2. Local currency <>EUR then G/L account with EUR currency is only allowed to post in EUR.

Hope it is clear now.