Skip to Content
avatar image
Former Member

FX gain loss

Hi,

I'm a beginner trying to get my head around foreign currency transactions. I'd appreciate some help. I've read many answers here related to processing EBS with foreign currency transactions, however I still have some questions:

- Does Note 999974 relate to automated posting? Original text that I came across indicates only Manual posting.

- If so, is there FX gain/Loss since there is no FX rate difference ?

- How does above relate to the setting in T-code: OBY6, the flag of 'No ex.rate difference when clearing in local crcy' ?

Thanks in advance !

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

1 Answer

  • May 08 at 10:37 AM

    Hi Dejan,

    The 'No ex.rate difference when clearing in local crcy' in OBY6 works like this.

    You have an invoice of 100 USD, ex rate 1 USD = 1 EUR. Now when you pay the invoice the Ex Rate is 1 USD = 0,9 EUR, you will still pay 100 EUR and No Ex Rate will be posted. If you have not checked the NoExRat ... then you will pay 90 EUR and 10 for P/L ExRate.

    This affects the whole company code (AR/AP) so be carefull.

    Kind Regards

    Add comment
    10|10000 characters needed characters exceeded

    • No, it is not related.

      Form my understanding, SAP Note 999974 is a scenario where a bank statement has got movements in a different currency than Bank Account Currency and provides a solution for Ex.Rate Difference. I have not seen this scenario before.

      BR