RE: [sap-acct] foreign currency exchange
Posted by
Admin at
|
Share this post:
|
|
0 Comments
 | Posted by teofilia (System Analyst: SAP FI/CO/authorisation/workflow) on Apr 12 at 2:36 AM |  Mark as helpful |
Thank you so much Vidhyadhar,
I needed an opinion from someone with more experience than I do in SAP FI.
Best Regards
theofilia
From: Vidhyadhar via sap-acct [mailto:sap-acct@Groups.ITtoolbox.com]
Sent: 09 April 2010 16:58
To: Nghishekwa, Theophilla
Subject: Re: [sap-acct] foreign currency exchange
[http://userimages.toolbox.com/user/b_1408514.jpg]
Posted by Vidhyadhar (User-friendly Consultant)
on Apr 9 at 11:56 AM
[http://images.ittoolbox.com/vt/icons/vote.png]Mark as helpful<http://it.toolbox.com/api/ContentVote/3429138/1/1/>
Hi Teofilia
I do not understand your requirement.
Why do you want to peg a fixed exchange rate to a fixed General Ledger
Account, at all?
An Exchange rate is the bridge between two different currencies for
quantifying the monetary value of a transaction. The only criteria that need
to be considered are the a. time-frame ( exchange rates usually are volatile
and are time-centric....viz. exchange rate is dependent on a key date from
which it can apply ) and b. the participating pair of currencies.
An Exchange rate is universal and also client-centric ( viz. all company
codes should be using the same rate at a given point of time, no matter
which accounts are involved)
Therefore, I do not see any relevance with regard to using a fixed exchange
rate per a) General Ledger Account / b) Specific General Leger Accounts.
To the best of my knowledge, I am afraid there is no provision to define
exchanage rate per G L account/ given GL accounts. Exchange Rates have to be
client centric , time centric and have to be uniform.Therefore, I do not
think it is possible in SAP.
Regards
VidhyaDhar
On Fri, Apr 9, 2010 at 9:00 PM, teofilia via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by teofilia(System Analyst: SAP FI/CO/authorisation/workflow)
> on Apr 9 at 11:32 AM
> Hi gurus, I would like to know if one can setup an exchange rate applicable
> to one GL account only e.g. a fixed exchange rate.
> Best Regards
> teofilia
>
> ________________________________
> The information contained in this e-mail is confidential and may be subject
> to legal privilege. If you are not the intended recipient, you must not use,
> copy, distribute or disclose the e-mail or any part of its contents or take
> any action in reliance on it. If you have received this e-mail in error,
> please e-mail the sender by replying to this message. Any views expressed in
> this message are those of the individual sender, except where the sender
> expressly, and with authority, states them to be the views of Telecom
> Namibia Limited.
__.____._ I needed an opinion from someone with more experience than I do in SAP FI.
Best Regards
theofilia
From: Vidhyadhar via sap-acct [mailto:sap-acct@Groups.ITtoolbox.com]
Sent: 09 April 2010 16:58
To: Nghishekwa, Theophilla
Subject: Re: [sap-acct] foreign currency exchange
[http://userimages.toolbox.com/user/b_1408514.jpg]
Posted by Vidhyadhar (User-friendly Consultant)
on Apr 9 at 11:56 AM
[http://images.ittoolbox.com/vt/icons/vote.png]Mark as helpful<http://it.toolbox.com/api/ContentVote/3429138/1/1/>
Hi Teofilia
I do not understand your requirement.
Why do you want to peg a fixed exchange rate to a fixed General Ledger
Account, at all?
An Exchange rate is the bridge between two different currencies for
quantifying the monetary value of a transaction. The only criteria that need
to be considered are the a. time-frame ( exchange rates usually are volatile
and are time-centric....viz. exchange rate is dependent on a key date from
which it can apply ) and b. the participating pair of currencies.
An Exchange rate is universal and also client-centric ( viz. all company
codes should be using the same rate at a given point of time, no matter
which accounts are involved)
Therefore, I do not see any relevance with regard to using a fixed exchange
rate per a) General Ledger Account / b) Specific General Leger Accounts.
To the best of my knowledge, I am afraid there is no provision to define
exchanage rate per G L account/ given GL accounts. Exchange Rates have to be
client centric , time centric and have to be uniform.Therefore, I do not
think it is possible in SAP.
Regards
VidhyaDhar
On Fri, Apr 9, 2010 at 9:00 PM, teofilia via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by teofilia(System Analyst: SAP FI/CO/authorisation/workflow)
> on Apr 9 at 11:32 AM
> Hi gurus, I would like to know if one can setup an exchange rate applicable
> to one GL account only e.g. a fixed exchange rate.
> Best Regards
> teofilia
>
> ________________________________
> The information contained in this e-mail is confidential and may be subject
> to legal privilege. If you are not the intended recipient, you must not use,
> copy, distribute or disclose the e-mail or any part of its contents or take
> any action in reliance on it. If you have received this e-mail in error,
> please e-mail the sender by replying to this message. Any views expressed in
> this message are those of the individual sender, except where the sender
> expressly, and with authority, states them to be the views of Telecom
> Namibia Limited.
Copyright © 2010 Toolbox.com and message author.
Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251
Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251
Related Content
In the Spotlight
White Papers
In the Spotlight
Did this response help you resolve your issue? Click the green 'Mark as helpful' arrow to vote on the entry.
View this thread online
Manage group e-mails
Create an FAQ on this topic
Tell us what you think
Unsubscribe from discussion
Manage group e-mails
Create an FAQ on this topic
Tell us what you think
Unsubscribe from discussion
_.____.__ 
