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Exchange rate type B is Bank Selling and exchange rate G is bank Buying
Exchange rate difference in foreign currency balance e.g. bank account held in foreign
currency.
Here you will enter the GL code for account received and account payable ( the
reconciliation Account) you can enter different GL codes for each currency code and
currency type alternatively if you do not want different GL Codes for each currency you
can keep them blank.
FB60 POSTING
FAGL_FC_VAL
Purpose
At month end you have to carry out a foreign currency valuation. this process valuates all transactions
posted in foreign currency to perform the valuation you should enter an exchange rate for the end of the
month.
This valuation covers the follows accounts and items.
1. Foreign currency balance sheet account
2. Open item posted in foreign currency (vendor and customers)
You have the following option for the foreign currency valuation.
a) You can carry out the valuation in local currency (company code currency)
b) You can valuate in parallel currency (for example, lowest value principle)
The posting of valuation is done by a batch input session it is recommended that you run each valuation
separately for e.g. you will create a separate batch input for customer open items, then another one for
vendor and another one is GL
Trigger
At every month end closing (where balance sheet and profit & loss account is reported monthly ) you
need to perform a foreign currency valuation for GL , customer and vendor open item.
Prerequisites
GL, Customer and vendor master the accounting transaction posted in foreign currency (different than
company code currency)configuration done for foreign currency valuation.
Menu Path
SAP Easy Access Accounting Financial Accounting Periodic processing Closing Valuate
FAGL_FC_VAL Foreign Currency Valuation (New)
Helpful Hints
R Required
O Optional
C Conditional
Initial screen.
Sm35
Click on
Click on
The individual open items of an account in foreign currency form the basis of
the valuation, that is, every open item of an account in foreign currency is valuated
individually.
The total difference from all the open items in an account is posted to a
financial statement adjustment account. The account therefore retains its original
balance.
The exchange rate profit or loss from the valuation is posted to a separate
expense or revenue account for exchange rate differences as an offsetting posting.
A valuation cannot be made by posting to the payables/receivalbes account,
since reconcilation accounts cannot be directly posted to.
SAP Easy Access Screen choose -> Accounting -> Financial Accounting ->
Accounts Payable -> Accounting -> FBL1N -Display/Change Line items
The Target Accounts for KDB/KDF can also be defined per valuation area
Execute
If there are errors when posting, a batch input session is created (transaction
SM35)