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author's profile photo Former Member
Former Member

F.05 on second local currency

Hi,

We have maintained Hard Currency (Second Local Currency) at company code level. Our GR/IR Account has postings in multiple currencies. On valuating the account though F.05 with Valuation Currency 10 (Local currency), it valuates documents, with hard currency, correctly but in other currencies, it doesn't.

We have checked GR/IR account through FBL3N and found that the LC2 is posted with amount equals 0. Is it correct or there should be a posting with some amount. Or is our practice wrong?

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Example
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Our local currency is ABC.
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Our Hard currency is USD.
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Currency rates are;  USD 1 = ABC 70, GBP 1 = ABC 125, EUR 1 = ABC 110.
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GR/IR has the following credit entries
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1) USD 10 posted at 69
2) GBP 10 posted at 124
3) EUR 10 posted at 109
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On performing valuation, we get unrealized difference of 10 in each currency. Thus the ABC is debited with 10 amount in each document currency, while its impact in LC2 is 0, which should not be.
 

Any suggestion?

BR

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 26, 2010 at 04:30 PM

    We cannot process foreign currency valuation on local as well as hard currency. The solution is first to valuate on local currency, and then on hard currency, which would result in required output.

    On valuating on LC, the documents would be be posted with LC amount only while ZERO would be post in document and hard currency.

    On valuating on Hard Currency, the documents would be posted with zero in document and local currency, while valuated amount would be posted in LC2 or Hard currency.

    BR

    Nayab

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