4 Replies Latest reply: Sep 22, 2009 10:47 AM by Ram Babu Yeminedi RSS

Only balances in local currency

Phaneendra Reddy
Currently Being Moderated

Hello All,

 

 

For one particular GL account Only balances in local currency has been ticked. and Gl having some balance also. now client want to un-tick that Only balances in local currency check box.

 

Can any one advice me.

 

Note: That particular GL account marked as a open item and we are using ECC 6.o vesion

 

Thanks & Regards

Phaneendra

  • Re: Only balances in local currency
    suri y
    Currently Being Moderated

    some gl a/c not main the open item mangemnt .at timee select the balance in local current .other balance sheet itemalso select only in balance in local curreny.

  • Re: Only balances in local currency
    Ram Babu Yeminedi
    Currently Being Moderated

    Hi

     

    you can change the local currency option in GL master.  but only think is that GL account has not been related to cleraing accouts.

     

    SAP has given good example below.

     

    Examples

     

    You set up a clearing account for goods receipts and invoice receipts and manually post these items to it. You post invoice receipts in the invoice currency and goods receipts always in the local currency.

     

    Invoice receipt            1000 DEM       600 USD

    Goods receipt                              600 USD

    Both items can be cleared if the clearing account balances are recorded in local currency only. If you have not set the indicator for this account, the system will translate DEM to USD during the clearing procedure in order to determine the amount in USD required to clear 1000 DEM. If the translation rate is .65 USD per DEM, then the system displays 650 USD for the invoice receipt and 600 USD for the goods receipt when the open items are processed.

     

    This means that to clear both of these items, you will also have to enter a difference posting for 50 USD, and the system will automatically make an additional exchange rate difference posting for this amount.

     

    Hope this will help you.

     

    Regards

    Ram

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