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Former Member

Foreign exchange account processing

Hello,

Our foreign exchange(forex) accounts are being updated when the inventory value at the receiving plant is different that the billed amount from the sending plant. OBYC transaction KDM has the forex accounts for the debit and credit. When we run F-04 and the AR and AP documents are netted against each other.

The account determination for forex in international companies is not posting to cost centers assigned in OKB9. OKB9 has assigned a single cost center to accounts for loss/gain in Exchange rate difference realized val.loss 1 and Val.gain 1 companies international companies. Some postings during currency revaluation are not using the cost centers from OKB9 table.

It seems there is an account determination step I am missing that updates these accounts in the processing.

Any suggestions what might be causing the forex accounts to be updated incorrectly?

Any insight would be greatly appreciated.

Thanks and Regards,

Dan

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  • Posted on Mar 06, 2013 at 09:55 PM

    Hi,

    please check reconciliation account in OB09. Verify Loss/Gain accounts and repesctives cost center assigment. KA02 or OKB9.

    regards

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    • Former Member

      Hello,

      I verified both OB09 and OKB9 loss gain accounts. The accounts being updated are in the profit center currency only. When I display the document thru FB03, the document, local and group currencies are OK. The local currency profit center valuation has the postings to foreign currency accounts. Is there a configuration step for the profit center valuation update that would cause only the profit center accounts to be upated?

      Regards.

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