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Reply from Ron Roberts on Dec 5 at 2:18 PM What you are seeing is standard SAP and generally accepted accounting. Almost always the original open item posting will use one currency exchange rate in deriving the group currency amount and the follow-up offset posting(s) will use different currency exchange rate(s). So while the local currency amounts net to zero, group currency will almost never net to zero. When clearing the open items, the group currency difference is posted to realized currency gain/loss. Your accountants and auditors should accept this as proper accounting.
| | | ---------------Original Message---------------
From: Amy A
Sent: Thursday, December 04, 2014 5:37 PM
Subject: F.13/F13E- Automatic Clearing Results in Differences in Group Currency On B/S Accounts
Hi Friends,
There has been an issue raised by Finance department when clearing is done for balances sheet accounts say Deferred revenue B/S account line items using F.13, the system does clearing based on the GL account currency which is company code currency-say for example, in EUR. There is a parallel currency -group currency also activated in the system. For example, USD. The system looks at the currency EUR and groups line items summing up to zero in Euro and clears these line items. The system does not balance in group currency and hence, if you look at the amounts in group currency in the system on the items cleared on this account, you would see that amounts in group currency on the B/S account will not be zero but overall in the system this will be zero as the offsetting account is 'realized gain/loss account'. I think this is standard SAP functionality and as these documents are already cleared and the cleared items should not cause any issue for the balance in group currency for the deferred revenue balance sheet account. Has anyone come across this kind of requirement or issue? Would clearing in group currency using F13E make a difference here? Thanks,
Amy |
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