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Former Member

Foreign and Local currency balance difference in GL

Dear All,

I have a GL for Bank in which entries are posted manually through F-02. GL is maintained on company code currency (Say INR). The transactions posted are in foreign currency (ex USD).

when we check the balance of the account in FBL3N it is showing FC balance as zero and Local currency balance as 100 INR.

The above situation is due to the following

Received Amount 100 USD @ 40 = 4000 INR (manually posted JV)

Credited amount 100 USD @ 39 = 3900 INR (Manually posted through JV).

As both the activity is done through JV the system dint prompt for exchange rate difference account. So no my question is:

1. In this scenario, is there any why the system can automatically post entry to exchange rate difference Or posting Manual JV is the only way out.

2. What is the use of Tcode F.05. What it actually does.

Thanks for your valuable time.

Please let me know if you need any additional details

Regards

Naveen

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1 Answer

  • Best Answer
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    Former Member
    Dec 22, 2009 at 07:35 AM

    Dear,

    May be you have set Bank G/L as "Only balance in local currency". If so then you have to select Post per line item and not to select Balance Valuation in Valuation Method.

    Regards,

    Chintan Joshi.

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    • Former Member Prasad Neelisetty

      HI:

      If we select Open Item Managed and Balances in Local currency in the GL master data, what would be the impact of BILCO (Balances in local currency) flag.

      Appreciate your reply.