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Former Member

Foreign currency valuation for balance sheet GL maintained in foreign currency

Hello experts,

Please help me in understanding the below

When we run Foreign currency valuation for Customer ,vendor open items , posting will happen to balance sheet adjustment account and relevant Unrealized exchange rate gain/loss account.

When we run Foreign currency valuation for Balance sheet GL maintained in foreign currency , there is no posting to balance sheet adjustment account . entry will post to Balance sheet GL maintained in foreign currency with relevant unrealized exchange rate gain/loss account.

May i know why balance sheet adjustment account not coming into picture in case of valuation of balance sheet GL maintained in foreign currency..

Appreciate your inputs.

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1 Answer

  • Mar 06 at 04:29 AM

    Hi

    Check your configuration in Table T030H, what you have maintained as Bal Adj Account for a combination of Chart of Account and GL Account. The adjustment would post based on what you have maintained in your configuration. If you want a change, maintain the required configuration correctly.

    Regards

    Sanil Bhandari

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    • Former Member

      Hi Sanil,

      Thanks for your reply.

      We have maintained exchange rate diff key in balance sheet gl master.

      For the exchange rate diff key , we have maintained exchange rate loss/gain gl's in the config.