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Former Member
Nov 22, 2007 at 09:26 AM

Revaluation of Foreign Bank GL Accounts (Main & Sub Accounts)


Dear All,

Please clarify the Below.

If Company code currency is INR and Bank Account is maitained in USD for 100101(main bank Acct) , 2 sub Accounts 100102-Incoming Bank Acct and 100103-Out going Bank Acct.( These sub accounts are maintained on open item basis and Main GL account will be on Line item Basis).

when ever the Incoming and Out going payments are done these Subaccounts are getting posted.How does the revaluation work at period end for these 3 accounts.

what kind of configuration needs to be done for these accounts in OBA1 settings.

Generally the bank account balance on the closing is revaluated and if we set the subaccounts in the OBA1 settings (which are managed on open item).

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Best Regards