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Former Member
Jul 02, 2009 at 05:46 AM

Foreign Currency Valuation of Open GL Account.

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Dear All,

While doing the foreign currency valuation for the open gl item the exchange gain loss we want to post it in the particular gl account .

Example:-Say we have one term loan account "10030000" we post all the transaction here in USD.Now at the month end we want to revalue this particular gl account.In the GL master we maintain it as "Open Item Managed".

For this we configure in OBA1 under KDF.In the field "Balance sheet adjustment" we have given the GL account 10030000,as we wan to post the exchange loss gain in this particular gl account not in any other account.(In OB09 all the configuration is maintained as well.)Here is the config in OBA1.

Chart of Accounts

G/L Account 10030000

Currency

Currency type

Loss 41600000

Gain 41600000

Val.loss 1 41600000

Val.gain 1 41600000

Bal.sheet adj.1 10030000

We can valuate the FAGL_FC_VAL for the particular gl account,but posting in this gl account is not possible.An error is coming that you can not post to this GL which is open item managed.Now with out "open item managed"revaluation in FAGL_FC_VAL is not possible.

We tried an account without "open item managed "wich is not a reconciliation account .At the time of valuation through FAGL_FC_VAL the valuation for the particular account is not showing.

We want to revalue a GL account maintained in foreign exchange wich will be open item managed and the exchange rate difference will be posted to the particular gl account not in the balance sheet adjustment account.What will be the steps of configuration in that case to be followed.