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Foreign currency valuation for balance sheet GL maintained in foreign currency

Mar 05 at 11:03 AM

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Former Member

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

Sanil Bhandari Mar 06 at 04:29 AM
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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.

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