Exchange rate differences

[Former Member]

Dear all,

I am trying to clear an account (Transaction F-44).

But I receive error message Exchage rate differences accounts are not defined for account currency

Please explain accounting entries is processed and how to fix this problem

Thank in advance

Minh

[Former Member]

HI,

Kindly follow the path in sap img sap net SAP NetWeaver->

General Settings->Currencies->Enter Exchange Rates.

Asiign points if useful.

Regards,

Shradha.

[Former Member]

Hi,

Here you need to create GL accounts for Forex gain and Forex loss and then those accounts should be assigned in "OBA1" so that if there is any gain or loss that will go to a respective gain or loss account..

Hope understood, you can assign points if you are cleared..

Thanks,

Vasu..

[Former Member]

Hey Tran,

The foll error is coming due to the Exchange gain or loss a/c is not specified in SAP.

go to SAP-> SPRO->Financial Accounting (New)->Accounts Receivable and Accounts Payable->Business Transactions->Outgoing Payments->Outgoing Payments Global Settings->Define Accounts for Exchange Rate Differences.

It will be in a COA level. U have to specify the Exchange gain and loss a/c for all types of Reco A/c only after assigning the GL the automatic clearing will be activated.

Check it and revert back.

Regards

Pradeep

[Former Member]

Hi,

I specify accounts but my problem is not solved

Please explain accounting process that is relevant this Exchange rate differences

Thank for your help

Minh

[Former Member]

Hi,

Use tcode- fbkp go to automatic postings select Exchange rate differences select Payment difference for altern.currency maintain accounts here.

Assign points if solved problem.