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author's profile photo Former Member
Former Member

Avoid posting of realized exchange rate differences in 2nd local currency

Dear SAP fans,

The situation here in our company is that a company code is set up with NZD as 1st and EUR as 2nd local currency (currency type 30 "Group currency" for EC-CS consolidation).

Therefore, all postings (and balances) are also translated and saved in EUR (with the current exchange rate).

We now have an open item managed G/L account for prepaid expenses, which is used to collect postings which are then cleared later. It's however no payable/receivable account for vendors/customers. Therefore, it doesn't make sense to post realized exchange rate differences when clearing this account. This is however what SAP wants to do when we try to clear it.

For example, if I post today 100 NZD and two months later again 100 NZD to this account. If the NZD vs. EUR exchange rate changed in the meantime, then SAP won't let me clear this account without posting realized exchange rate differences, which makes however no sense.

Does anyone of you meet this problem before? Could you please give me a hint?

I thought about setting the "Only balances in local currency" indicator in the G/L account master but this helps only for differences between local and document currency (and not for differences in 1st and 2nd local currency).

Any help is highly appreciated!

Thanks and best regards,

Peter

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4 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jun 03, 2008 at 06:44 PM

    In T Code OBY6, check the checkbox 'No forex rate diff. when clearing in LC' for your company code.

    Assign pts if this helps!

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 03, 2008 at 06:37 PM

    Hi,

    First maintaint the Global currencys if required in OB22 as second currency.

    Define the Forex and assign the GL accounts of Loss and gain A/c For the Sundry creditors, sundry debtors and Gl account etc. in transaction code OB09.

    maintain the regular exchange rate updates in OB08.

    So that, what ever the currency u post the invoice and Payment automatically

    system will convert the Currency in to Local currency.

    Reward if useful

    Regards,

    Padma

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    • Former Member

      Dear Padma,

      Thanks for your answer. The customizing activities you mentioned are already set up in the system. This is not our problem.

      The problem is however, that we don't want SAP to post automatically realized exchange rate differences between 1st and 2nd local currency as this doesn't make sense in this business case.

      It's about an open item managed G/L account which is used to collect posting which are later cleared. It's not a payable/receivable account for customers/vendors where the posting of realized exchange rate differences makes sense.

      We've thought about several solution which unfortunately all didn't help us:

      - Don't setup realized exchange rate differences accounts or set them up only for group currency (in OB09)

      - Set indicator "Only balances in local currency" in G/L master data

      Best regards,

      Peter

  • author's profile photo Former Member
    Former Member
    Posted on Jun 03, 2008 at 06:44 PM

    Hi Peter,

    The simple way is to exclude this GL (Prepaid expenses GL) in the GL range for valuating open items in F.05. Futher you can save this as a variant.

    Sorry I mis-read your question. Pls ignore this post.

    -Pradeep

    Edited by: Pradeep kumar Athmakur on Jun 3, 2008 8:51 PM

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 22, 2009 at 10:31 AM

    Hi Peter

    I just posted a very similar question today.

    I found your message and wondered what solution you found for this problem?

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