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Hi Ina,
Did you maintained the table in OB08 as below for example:
ExRt = Exchange rate type
-ValidFrom = Effective date of the exchange rate displayed.
-Ratio(from) = always 1 (default)
-From = Originating currency for the transaction (e.g. USD)
-Dirquot = Direct Quotation e.g. 1 USD = JPY.114.06
-Indir.quot = Indirect Quotation e.g 1 JPY = USD. 0.0088
This field is not in use and always display "0.00000"
-To = always 1 (default) this is reporting currency (e.g. JPY)
For the scenario "USD to local currency", then I hope the system will calculate accordingly, if you make any transaction with
JPY and want to see the same in USD.
Regards,
ARI
| | | ---------------Original Message---------------
From: Ina Felman
Sent: Wednesday, December 08, 2010 3:38 PM
Subject: Exchange rates - Market convention
ARI,
SAP allows the input, but it reverts back to local to USD when it does
the calculation because we have USD as the reference currency. Here's
an example that might clear it up.
M rate 12/01/10 - local currency to USD = 1.2500 in the system (inverse
is .8000)
In January we change the way we input, so M rate at 01/01/11 - USD to
local currency = .8500 (inverse is 1.17647
When we post a document in local currency in January, instead of using
1.17647 which is the new rate, it ignores that because USD is not the
"to currency". Instead it uses 1.2500 which is incorrect.
In addition, we get a warning message for every entry input as USD to
local currency which means we have to enter through over 100 lines of
input each month to get the rates excepted into the system.
My question is do other companies use market convention and if so, how
is SAP configured to handle this?
Regards,
Ina |
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| |  ARI
SAP Accounting Helper
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