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Former Member
May 11, 2011 at 04:15 AM

Wrong exchange rate/local currency taken up

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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