Foreign Currency valuation for bank GL

[Former Member]

Hi Experts,

My client is having bank account in USD, which is used frequently. They are having balance in USD. Now for a year end they want to revaluate and update the rate. So how can they proceed with this. Will it impact on bank reconcilliation ? if yes, how to deal with it.

Thanks in advance,

Akshay

[Former Member]

Hi,

Please refer to the below link for

Regards,

Mukesh

[Former Member]

Hi Akshay,

It shouldn't have any impact on bank reconciliation. At first you need to define FOEX valuation related config. Then maintain unrealized exchange gain and loss account along with balance adjustment account for bank GL through t-cde FBKP under transaction KDF.

Regards,

Gaurav

[former_member198650]

Hi Akshay,

First you define exchange rate gain/loss & bal.adjustment accounts in OB09 for the bank account. Once you do revaluation it wont reflect in bank reconciliation.

Regards,

Mukthar