Skip to Content
author's profile photo Former Member
Former Member

Exchange Gain/Loss

Hi,

We notice that when we manually clear the open Advance Payment in the Vendor Account which is in foreign currency with the open Invoice item, the system posts the difference in the Exchange Gain/Loss automatically. However, there appear two different lines each pointing to a different GL Codes for recording the exchange gain/loss difference. How could we check the settings and what do we need to do so that difference in exchange gain/loss gets posted to only one GL Account.

Thanks in advance. Your help would be much appreciated.

Regards

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jul 07, 2008 at 05:26 AM

    Hi Rajjul

    Please use tcode OB09. Menu path Financial Accounting->Accounts Receivable and Accounts Payable->Open Item Clearing->Open Item Clearing and check your posting for the relevant reconciliation account. Let me know if it helped.

    Karthik

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jul 07, 2008 at 05:28 AM

    Hello Rajjul,

    you can valuate with TC. F.05 and configuration is in TC.OB59

    When foreign currencies are valuated, all the open items that were posted in a foreign currency are valuated. The valuation is based on the individual open items in a foreign currency, that is, each open item in a foreign currency is valuated individually.

    Prerequisites:

    - The exchange rate table must be maintained (transaction OB08)

    - Valuation method(s) must be defined (transaction OB59)

    - Adjustment account for each customer and vendor reconciliation account (OB09)

    Thanks

    Para

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jul 07, 2008 at 07:43 AM

    Hi Rajjul

    I guess the reason why you got two fx difference accounts is, the open items were revalued using F.05 during last monthend closing and the revaluation were not reversed. And in OBA1 the fx difference accounts for unrealized and realized gain/loss accounts are different. So when you post the payment to this open item, the system has to reverse the unrealized gain/loss and post the total difference to realized gain/loss account.

    If you don't want to see two accounts for FX, you can either change the account determination for transaction KDF in OBA1, that both realized and unrealized gain/loss accounts are same, or post reversal when you run F.05 on the first day of the next month.

    Let me know if this helped.

    Junqi

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.