FX valuation of control accounts

[Former Member]

We recently changed our configuration so Group currency is translation of Local Currency for all our CDN companies. There is an LC posting when revalued but no GC occurs for customer and vendor control accounts. The control accounts are configured to post the FX to a different account. We didn't have this issue until the confirguration change. Any ideas?

Thanks.

Janet

Edited by: Janet Lawrance on Oct 6, 2009 8:58 AM

[chandrasekharbadeti_chand · Accepted solution]

Hi,

Have you configured Forex settings in SAP System?

You have to create GL accounts apart from Customer/Vendor Reconciliation A/cs

T Code: OB09 where you have to sepcify/assign GL accounts.

Foreign Exchange Rate Difference Realized - Loss

Foreign Exchange Rate Difference Realized - Gains

Foreign Exchange Balances Valueation - Loss

Foreign Exchange Balances Valueation - Gains

Balancesheet Adjustment A/c

Thanks

Chandra

[Former Member · Accepted solution]

Thanks Chandra. Yes, I have configured the other accounts, and a separate account exists for the control account posting. The separate account is not in OB09.