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author's profile photo Former Member
Former Member

Wrong exchange rate/local currency taken up

Hi,

I have a scenario at the following sequence as follow:

1. Booked in AR Invoice @ Foreign Currency USD5,215.88 @ Local Currency $15,890.18

2. Incoming Payment for invoice #1 above @ Foreign Currency USD5,215.88 @ Local Currency $15,850.02

- Journal Entry:

Dr. Bank $15,850.02

Dr. Realized exchange loss $40.16

Cr. BP $15,890.18

3. Cancel Incoming Payment #2 above.

- Journal Entry:

Dr. BP $15,890.18

Cr. Bank $15,850.02

Cr. Realized exchange loss $40.16

4. Incoming Payment for invoice #1 above @ Foreign Currency USD5,215.88 @ Local Currency RM15,850.02

- Journal Entry:

Dr. Bank $15,850.02

Cr. Realized exchange gain $0.01

Cr. BP $15,850.01 <--- This is not right. SAP B1 should be picking this up as $15,890.18

Is this some kind of bug?

SAP B1 2007A SP01 PL07

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on May 11, 2011 at 04:20 AM

    Hi,

    Try to check on which date you have create Incoming payment, on that day rate is some what different then cancelling same document date.

    Hope (Incoming payment and cancelling) both date are different, and that a reason two different amount show.

    Thanks

    Kevin

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