Only balances in local currency

[Former Member]

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

[Former Member]

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

[Former Member]

Hi

Thanks for your analysis

Can we un check the check box or not if account has open items

[Former Member]

Hi

there is no problem to un check the local currency check box in GL master. only this is if you are clearing the open items in that time system will take the change rates from exchange rate table. instead of checking the transaction value ( if balance in local currency check box selected in GL master).

Regards

Ram

[Former Member]

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.