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Former Member
Apr 09, 2009 at 10:27 AM

Question re: Year End and Exchange Rate Difference function


Hi Experts,

My client is running his Year End and is about to run the Exchange Rate Difference function.

In the SAP Tips for Year End Closing guide for release 6.5, 2004, 2005 and 2005 SP01, page 30 states:

We recommend that you create an automatic reverse posting on the first day of the

subsequent period.

Let us say the customer is revaluing a foreign bank account - we are running the Exchange Rate Difference function to revalue the account, not revalue it and then immediately return the account to its previous balances after Year End.

Is there any reason we need to reverse the revaluation of an FC bank account immediately after Year End?