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Reply from VidhyaDhar on Nov 7 at 10:16 AM Hi
KDF is the transaction used for account determination relating to customer
/ vendor / General Ledger (Balance Sheet ) Accounts maintained in foreign
currency and on open item basis ( hence managed at line item level ). KDB
is the transaction used for account determination relating to General
Ledger Balance Sheet Accounts maintained without open item management (
hence managed and computed on the closing balance on the key date).
Account determination involves a minimum of one expense account and one
gain account for realization differences. It also involves a minimum of one
expense account, one gain account and a balance sheet adjustment account.
However, your account determination could involve multiple sets of such
accounts if you want your account determination to be more descriptive (
say separate accounts maintained foreign currency and or currency type
specifically ).
What beats me is your statement that balance sheet adjustment account has
not been configured. Basically, the closing entry for valuation would be:
Expense Debit and Balance Sheet Adjustment account Credit (when a
valuation loss occurs )
or
Balance Sheet Adjustment Account Debit and Gain account Credit (when a
valuation gain occurs).
Please check your configuration again.
You say that zero value is posted when forex valuation program is run. Do
you get an accounting entry with zero value ? If that be the case, then
please look into the general ledger accounts debited and credited in such
an entry. It is quite possible that the zero value appears in foreign
currency. Please try to include the 'Amount in local currency' field in
your document lay out and see if you get non-zero value.
Another place to look for is by executing the program RFBILA00 and see if
the valuation difference appears in your Balance sheet and Profit and Loss
Statements as on the key date.
Please also check what valuation procedure is used by you. If you use
Strict Lowest Value / Lowest value, then there would not be an entry if
there is a forex gain ( since the procedure is designed for accounting
losses and ignoring gains ).
Please also check if the posting happens in a different ledger (and not the
non leading ledger ) if you have configured so.
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: tatenda chigwedere
Sent: Wednesday, November 07, 2012 8:10 AM
Subject: Foreign Currency Valuation (FAGL_FC_VAL)
Hi experts,
I have configured foreign currency valuation for my client and i am using fagl_fc_val. In OBA1, i have configured the expense and gain accounts in KDB and assigned valuation gain/loss and exchange gain/loss to the gl accounts in KDF. I used different accounts for valuation gains and losses, as well as different ones for exchange gains and losses. I didn't configure any balanced sheet adjustments accounts.
But when I execute foreign currency transactions where there is a loss or gain, and run the valuation program, as well as the batch input posting, the system posting zero as the exchange rate gain/loss instead of the correct valuation gain/loss. Please assist.
Kindly assist
Regards Tatenda |
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