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Former Member
Aug 07, 2009 at 09:17 AM

Exchange gain/loss transaction - 2 gain/loss entries in vendor clearing


Dear All,

When we clear foreign currency vendor open item using F-44, and even if the exchange rate of both transactions is same system posts two exchange gain/loss entries while no gain/loss entry should be posted as there was no exchange rate difference in both documents. The entries being passed are :

27 200209 APPLIED MATERIALS GMBH & CO KG 14,892.35 INR

37 200209 APPLIED MATERIALS GMBH & CO KG 14,892.35- INR

50 30304001 Exchange variance 147.97- INR

40 40639001 Exch. Fluct. A/c 147.97 INR

These gain/loss entries are being passed because the exch rate in vendor documents was 67.6925 and current rate in system is 68.3633. System calculates the difference of document exch rate with current rate and multiply it with the doc FC amt (200 EUR) and post the same amount in exch variance gain and loss accounts.

Please help.


Vikas Gupta