7/25/2019 SAP Foreign Currency Transactions http://slidepdf.com/reader/full/sap-foreign-currency-transactions 1/15 11/6/13 Foreign Currency Transactions | SAP FICO Docs sapfidocz.wordpress.com/2013/03/11/2456/ 1/16 SAP FICO Docs Welcome those who have Passion for FICO TAGS Average Rate MM/SD, Bank Buying Rate Exports, Bank Selling Rate Imports/Expenditure, Check Exchange rate types, Enter Exchange Rates, Foreign Currency postings for End User area, Foreign Currency Transactions, GBM, When exchange rate is entered at the time of posting the Document, When exchange rate is not entered at the time of posting the Document Foreign Currency Transactions March 11, 2013 Foreign Currency Transactions: There are Three types of exchange rates defined by step: Bank Buying Rate Exports Purpose ⇒G Type Bank Selling Rate Imports/Expenditure ⇒B Type Average Rate MM/SD Users only ⇒M Type When posting and clearing documents, the system uses the exchange rate type “M” for foreign currency translation. This exchange rate type must be contained in the system. Steps: ⇒Find out which exchange rate types are needed in your company. ⇒Check the standard exchange rate types. Create additional exchange rate types if necessary. ⇒If you want to specify that all currency translations for a rate type must be carried out using a base currency, enter a currency (such as the group currency) in the Base cur field. ⇒ If you want to use the base currency specified as the From-currency, select the BCurr=from field.
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11/6/13 Foreign Currency Transactions | SAP FICO Docs
sapfidocz.wordpress.com/2013/03/11/2456/ 1/16
SAP FICO DocsWelcome those who have Passion for FICO
TAGSAverage Rate MM/SD, Bank Buying Rate Exports, Bank Selling Rate Imports/Expenditure, Check Exchange rate types, Enter ExchangeRates, Foreign Currency postings for End User area, Foreign Currency Transactions, GBM, When exchange rate is entered at the time ofposting the Document, When exchange rate is not entered at the time of posting the Document
Foreign Currency Transactions
March 11, 2013Foreign Currency Transactions:
There are Three types of exchange rates defined by step:
Bank Buying Rate Exports Purpose ⇒G TypeBank Selling Rate Imports/Expenditure ⇒B TypeAverage Rate MM/SD Users only ⇒M Type
When posting and clearing documents, the system uses the exchange rate type “M” for foreign currency translation. This exchange ratetype must be contained in the system.
Steps:
⇒ Find out which exchange rate types are needed in your company.
⇒ Check the standard exchange rate types. Create additional exchange rate types if necessary.
⇒ If you want to specify that all currency translations for a rate type must be carried out using a base currency, enter a currency (suchas the group currency) in the Base cur field.
⇒
If you want to use the base currency specified as the From-currency, select the BCurr=from field.
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⇒ If you want to have the system calculates the buying and selling rates from the average rate and the spread, enters the rate type forthe average rate in the Buy.rt.to or Sell.rt.to field. Then maintain the spreads under the activity Maintain spreads.
⇒ If you want to use the inverted rate for translating two currencies, select the Inv field.
Note: The reversed rate is used only if you have not made an entry for the corresponding exchange rate in the activity Enter exchange rates.
⇒ If you want to calculate the amounts according to the European Monetary Union’s legal directives, select the EMU field.
⇒ If you want the system to check whether the application uses an exchange rate other than the fixed exchange rate, select the indicatorin the Fixed field.
This indicator must be set for the exchange rate type that is used for currency translation within the EMU.
Exchange rate difference can be defined as the amount arising where a foreign currency amount is translated at different exchange rates.
Here, we can define for each company code, a maximum difference between exchange rates for postings in foreign currency.
For this, we mention that how much the exchange rate entered manually in the document header may differ in terms of percentage (%)from the one stored in the system.
If an exchange rate or the local and the foreign currency amount were entered manually during document entry, then a comparison ismade with the exchange rates stored in the system. If any deviation occurs and it exceeds the percentage rate specified here, then awarning appears.
Check Exchange rate types:
Path: SPRO ⇒ SAP Net weaver⇒ General Settings⇒ Currencies⇒ Check Exchange rate types
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This is called Forex table. We can enter Foreign Exchange rates Daily, Weekly, Monthly, for each type we can enter only one rate in aday.
Exchange rates are required to:
Translate foreign currency amounts when posting or clearing or to check an exchange rate entered manually
Determine the gain and loss from exchange rate differences
Evaluate open items in foreign currency and the foreign currency balance sheet accounts
The system uses the type M exchange rates for foreign currency translation when posting and clearing documents in the activity EnterExchange Rate. An entry must exist in the system for this exchange rate type. The exchange rates apply to all company codes.
Path: SPRO ⇒ SAP Net weaver⇒ General Settings⇒ Currencies⇒ Enter Exchange Rates