Year end foreign exchange evaluation for bank accounts

[a1yomghy]

Hello, 

The accountant of a US Company has to evaluate the EUR bank account for year end closing with a fixed exchange rate (EUR/USD). This rate is provided by the bank itself in the form of the bank balance in EUR and USD - therefore the accountant has to use this rate to ensure that the bank account (G/L account) matches the amount on the bank statement exactely.

What process should we use to populate this exchange rate for year end evaluation for bank accounts ? 

Would you use Post Currency Adjustments ? Could this app be used for all adjustments in currencies exchange rates ?

And is there a way we can access and example of the process ?

Kind regards,

YG

[former_member132363]

Here are some SAP resources you may review based on your topic "evaluate | of | eur bank account | bank | bank balance | bank account | g/l account | bank statement | exchange rate"

Best Practices for SAP S/4HANA Cloud

Financial Planning and Analysis - Leverage a unique Financial Statement Version ... SAP Fiori Analytical Apps for G/L Accounting in Finance - This scope item provides ... In addition to the foreign currency valuation, you can also calculate a flat-rate ... Advanced Bank Account Management - This scope item provides extra?...

https://support.sap.com/en/product/best-practices-s4hana-cloud.html