Payment Program F110 posts outgoing foreign payments to fx adj. a/cs

[Former Member]

Hi,

When posting an outgoing foreign payment using F110, the system is posting the foreign exchange gain or loss to the FX-gain and FX-loss account respectively. But it is also offsetting this entry with a posting to the FX balance sheet adjustment account which should not happen. The FX adjustment account is to be used only during the month-end revaluation (F.05). The settings in OBA1 is correctly set to the FX-gain and FX-loss accounts u201C.

Where else could the problem be? How is the FX Adjustment account being picked up during the payment program.

Thanks.

[Former Member · Accepted solution]

Did you reverse the unrealized gain/loss of the previous month? I think you should do it at the beginning of the current month so system does not take it into consideration while clearing the open item.

[Former Member]

Thanks for your reply.

Yes, we currently run the revaluation program to reverse on the first day of the next month. There were some manual adjustments posted in June using FBB1which may be an issue. Normally, we run the revaluation program with "Balance Sheet Valuation ON" which has up to July created the reversal document also. In the August Revaluation run the reversal document was not created for the unrealised gain /loss. However, the JUne run ran ok and was reveresd out on July 1st. The incorrect foreign adjustment payment postings happened in July.