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author's profile photo Former Member
Former Member

Generation of balance sheet with closing exchange rate

Hi all

We have been using INR as the local currency and USD as the functional currency

all the reports are generated in INR and USD.

And as of now monthly average rate is been entered in the exchange rate table master.

But for audit purpose we need to generate balance sheet with the closing rate. how can we do the same in sap business one



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  • author's profile photo Former Member
    Former Member
    Posted on Dec 20, 2011 at 06:17 AM

    Dear Farheen,

    Go to balancesheet and click on revaluation.

    Go to FC tab select USD currency and click on Fixed rate radio button put the exchange rate.

    & click on ok.

    May it help you.



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    • Former Member Former Member


      Just use "Conversion Differences" function in Financials Module, this will convert INR into USD by posting adjustment JE.

      This function is relevant for companies whose defined system currency is different from the local currency. SAP Business One recommends making journal entries automatically for differences in system currency. Use the Conversion Differences function to make adjustments between the account/business partner balance in the system currency and the balance in the local currency.

      Hope this helps,


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