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Bank Reconciliation Statement

Jan 10 at 09:58 AM

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Dear Experts,

We have an issue here,

We want to do bank statement reconciliation, based on GL Account.

Currently, we setup our GL Account currency to All currency.

We understand that, bank statement reconciliation will be default to GL Account, and if it is All Currency, it will default to Local Currency.

Our scenario is, GL account currency is All currency, and local currency is AUD.

But, for all payment in USD, we will record into this GL Account.

When we do the reconciliation, the currency will be in AUD.

How to keep the currency in USD during reconciliation?

Thank you in advance.

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1 Answer

Best Answer
Jitin Chawla
Jan 10 at 01:35 PM
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Hi,

Check SAP Note 895876. It is for BP Currency selection and its implications. More or less the working for G/L Account is same as well.

For a Multi Currency G/L account, it will Local Currency which would be used for Reconciliation. As a multi currency account can have different currency rows, the system cannot identify and select a specific Foreign Currency to be displayed for reconciliation and thus in that case it is the Local Currency which is the lead currency for reconciliations.

regards,

Jitin

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Dear Jitin,

Thank you for your prompt reply,

I had been read the note you stated above.

Is this also applied to currency for G/L Account?

Thank you

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Hi,

The working seems to be same.

I checked a few transactions in DEMO and it was same.

My suggestion is to check the working yourself in DEMO.

regards,

Jitin

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I H
Jitin Chawla

Dear Jitin,

Thank You.

I checked, and it seems that GL account and BP has similar characteristic when it comes to reconciliation currency.

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