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I have a question regarding Fixed Assets and currencies

Nov 08, 2016 at 10:07 AM

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I have been trying a scenario within the fixed asset module, and didn’t quite understand the behavior:

  • Configured setting:
  • Local Currency: LBP
  • System Currency: USD
  • Asset Class with Account Determination for LBP accounts: VEH
  • Asset Class with Account Determination for USD accounts: VEH USD
  • Fixed Asset 1: vehicle 1 à Asset Class: VEH à LBP
  • Fixed Asset 2: vehicle 2 à Asset Class: VEH USD à USD
  • Vendor: Mitsulift, with currency USD (control account with a currency USD and not all currencies)

Scenario 1:

  • AP invoice is created for Vendor:Mitsulift (USD), and fixed asset: vehicle1 (LBP)
  • An error is showing due to currency mismatch.

The question is how can this be handled in SAP B1, without changing any account to all currencies.

Scenario 2:

  • AP invoice is created for Vendor:Mitsulift (USD), and fixed asset: vehicle2 (USD)
  • Document is created, with journal entry: Credit Vendor (ex: 1000 USD) and Debit Acquisition Clearing Account (1000 USD)
  • The corresponding capitalization document is created with the following journal entry: Credit Acquisition clearing account (1500 exchange rate * 1000 USD=1500000 LBP) and Debit Balance Sheet account (1500000 LBP)
  • In the chart of accounts the Asset balance sheet account has a balance of Zero (0 USD) with a transaction in LBP
  • In the chart of accounts the acquisition clearing account has an outstanding balance of 1000 USD (not cleared)

This was not clear for me, can I have further clarification regarding the behavior.

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