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Former Member
Nov 13, 2007 at 10:02 AM

Foreign exchange gain and loss

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Short Text

Foreign Exch Gain / Loss to be booked to a diffr cost center

Long Text

The transaction booked with the following parameters

Step 1:-Transaction booked trough FB60

Foreign currency CHF @ 40/ruppee

Expenses debited (1000-cost center)

Vendor Credited

Step 2:-Transaction paid through F-53

Foreign currency CHF @ 50/ruppee paid

Vendor Debited (Clearing the open item)

Bank outgoing account Credited

Foriegn exchange gain and loss Debited

In ECC 6.00 Version:- The open item clearing inherits the CO objects

from step one except for "Foreign exchange agin and loss line item"

Note:

1) In above scnerio, if foreign exchange gain and loss booked to some

other cost center other than Step one:- Cost Center (Expenses booked).

2) If the foreign exchange gain and loss line item booked to same cost

center as specified in Step one:- Cost Center (Expenses booked).The

below error does not occur.

3) The requirement is to book different cost center for the Foreign

exchange gain and loss line item.

The following error occurs during FB05 transaction execution for

transfering the line item in Bank outgoing account to Bank Main account.

Error Details occur during FB05 transaction execution:-

-


Start----


Ex.rate diff.accts are incomplete for account 0002500062 currency CHF

Message no. F5063

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.

-


END----


Configuration already in place:-

1) Bank outgoing and main account "ONLY BALANCE IN LOCAL CURRENCY" is a

ticked

2) In OBA1 Foreign exchange gain and loss and valuation gain and loss

GL's are defined for respective Reconciliation account.

Regards,

Sathya