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Open item clearing issue

Hi Experts,

Request your inputs with below open item clearing issue. I have the same configuration in both OB09 and OBA1

Trade payable- 100000

Exchange gain- 870001

Exchange loss- 870002

Valuation gain-872001

Valuation Loss-872002

Balance sheet adj- 100010

Our company currency USD. When I posted an invoice in CAD currency and clear invoice with payment I am seeing an entry as follows

Dr Vendor 1000 CAD 1030 USD

Cr Bank 1000 CAD 1010 USD

Dr/Cr Gain/Loss 0 CAD 10 USD

Dr/Cr Balance sheet adjustment account 0 CAD 10 USD

I was think only Gain/ loss account will get hit at the time of clearing. However I see some value in balance sheet adjustment account. Can some help me in understanding why we have this additional line item getting posted. Thanks is advance

Best Regards,

RK

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  • Posted on Dec 04, 2012 at 08:55 PM

    Radha,

    It is a exchange rate valuation postings and occurs due posting date differences between cleared documents. Your process described isn't the unique defined in OB09.

    regards

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