Forex realize account

[Former Member]

I have maintained INDIRECT forex rate in OB08

I have posted an journal entry for a GL in Foreign currency .

I run F.05, But I see the ACCOUNT column blank and also OLD DIFFERENCE coumn as "0"

Can any one please help ,where iam wrong as in account column the EX P/L account needs to display.

Thnks

[Former Member]

Hi Maha,

In transaction code OB59, where you defined your valuation methods, make sure you've specified under Exchange Rate Determination the exchange rate type. For example: ExchRate Type for Debit Bal: 0011 and ExchRate Type for CreditBal: 0011

By the way, why are you using indirect quote and not direct quote in OB08?

Elias

[Former Member]

Can you please elaborate.

I belive iam doing in maintaining exchange rate in TCODE FB08.

Can you please help me to input the rate here.

Thnks

[Former Member]

No. F.05 is for foreign currency valuation. If that is what you are trying to do, then you would have to create your valuation methods in OB59 where you specify the document type such as FX.

You need to define two valuation methods. One for Balance Sheet and one for Income Statement. In the Balance Sheet valuation method, check off radio button always valuate. Document Type as FX and then exchange rate type for debitbal and creditbal as 0011.

For Income Statement valuation method, check off always valuate and specify document type as FX. Then for exchange rate type for both debitbal and creditbal, enter 0012.

If you have not yet created the document type FX, you may want to do so. Name the document type as FX Revaluation ( you do not need to follow me rigidly. Give a description you like).

In the document type, enter 01 for number range, reverse document type as FX. Check off all account types allowed. Under default values, enter M. and then save.

Elias

Edited by: Elias Akorli on Dec 14, 2009 4:15 PM

[Former Member]

This message was moderated.

[Former Member]

Transaction code: FB08 is used to reverse a document. It looks like you are lost. The only thing I can suggest at this stage is to use FBB1 which is the same as F.05. but maybe this will help with a simple G/L account.

Elias

[Former Member]

It was typing error.

I have maintained in OB08 only.

Thnks