How to handle Fund Management for foreign currency transaction.

[madhislm54]

Hi All,

As we have implementing fund management, we have FM area currency as BDT, but our business have few transaction for importing goods from SGD and USD.

So how this foreign currency transaction(PO) should be managed in FM?

Kindly share your valuable reply.

Thanks in advance.

[iklovski · Accepted solution]

Hi,

The budget will have to be introduced in FM area currency. Consumption can be done in whatever currency; it will be treated with exchange rate postings. For open commitments, if you use them and post them in foreign currency, you will have to perform revaluation similar to a process performed in FI for open items.

Regards,

Eli

[madhislm54 · Accepted solution]

Hi Eli,

Thanks for your valuable reply.

Kindly suggest how to define(Configuration) balance financial transaction in fund management to exclude some balance sheet accounts in FM?

Many Thanks!!

[madhislm54 · Accepted solution]

In our process, We are going to have cash in bank and cash in hand for fund management configuration.

Kindly share your valuable reply.

[iklovski · Accepted solution]

You can manage it by defining commitment items as 'cash balance' (financial transaction 50). Other options of exemption: defining statistical commitment items, managing it through tolerance profiles, etc.

Please, make a little research before raising a question; there is plenty of material on these subjects on SCN platform.