FOREIGN CURRENCY TRANSACTIONS
1. Check exchange rate type
Bank buying Exports
G type
Bank selling Imports
/ Expenditure B type
Average rate MM /SD users type
Path : SPRO-SAP Net weaver- General Settings –
Currencies – Check exchange rate types
Select position button
Exchange rate type: B (enter B)
Enter
Define
translation rates for currency translation:
Giving conversion factors for two currencies:
USD 1 : INR 1
JPY 100 : INR
1 JPY=Japanese - Yen
ERO 1 : INR1
GBP1 : INR1 GBP=Great Britain
ITL1 : INR1 ITL=Italian
-Lira
JPY 100 : INR1 37Rs
(Or)
1 : 0.01 0.37
Once we follow one
conversion factor follow continuously for all the years. Don’t change in
between if we change in between it gives wrong results.
This is given at client
level and not at company code level (Client 800)
Path:
SPRO – SAP Net weaver- General settings – Currencies – Define translation
ratios for currency translation
Ignore the message select
yes button.
Select new entries button
Exchange rate type From To
valid (from) Ratio (from) Ratio (to)
G (Bank buying) USD INR 01.10.2008 1 1
B (Bank selling) USD INR 01.10.2008 1 1
M (Average rate) USD INR 01.10.2008 1 1
Select save button or
Ctrl+S
Press enter to save in
your request.
Enter exchange rates:
Path:
SPRO- SAP Net weaver- General settings- currencies – Enter exchange rates
Forex Table
We can enter Daily
quotations / Week end quotations / Month end quotations.
For each day end for each
type we can enter only one rate.
Select new entries button
Exchange type Valid
from R From currency Director
quotation To
G 10.10.2008 1 USD 47.00 INR
B 10.10.2008 1 USD 47.50 INR
M 10.10.2008 1 USD 47.10 INR
Press enter and save in
your request.
Exchange rates entry at the End User Area:
Path:
Accounting – Financial accounting – General ledger-Environment – Current
settings – Enter translation rates (S_BSE_68000174)
Foreign currency postings for end user area:
SCENARIO :1 SCENARIO
2
When exchange rate is not
entered at When exchange
rate is entered at the
the time of posting. Time
of posting
- IF we don’t enter the rate at the time
of posting, it takes rate from Forex table
- If take the latest date rate
01.10.2008
45
10.10.2008 47
Enter date :15.10.2008
Posting date :09.10.2008
- To enter default exchange rate type
based on document type.
General ledger posting :
SA Bank selling rate
Purchase INV posting (FI purchases) :KR Bank selling rate
MM Purchases :RE Bank selling rate
Sales invoice posting (FI Sales) DR
Bank buying rate
SD sales RV
Bank buying rate
If we do not specify system takes average rate.
- To enter default exchange rate type B
(Bank selling rate) for document type
‘SA’
Use the Tr. Code is OBA7
Select type : SA
Select details button
Under default values
exchange rate type for foreign currency documents. Select B (Bank selling rate)
Save
- Posting of expenditure in USD F-02
Give the document
date : To days date
Type :
SA
Company code :AML
Currency :
USD
Rate :
Blank
Posting key :40
Account :
400100 (salary)
Enter
Give the amount :1000
Business area :
AMLH
Text :
Salary payment
Enter
Posting key :
50
Account :200100
(cash account)
Enter
Amount :
*
Business area :
AMLH
Text :+
From the menu select Document ->Simulate
To view in INR
Select display currency button
Save
When
exchange rate is extend at the time of posting
Expenditure
posting Tr.Code is F-02
Document date :
To days date
Type :
SA
Company code :
AML
Currency :
USD
Rate :50
Posting key :40
Account no. :400100
(salary account)
Enter
It gives the warning message exchange rate 50
deviates from table rte 47.50 by 5.26%
Ignore the warning message press enter
Amount :10000
USD
Business area :
AMLH
Text :
Salary payment
Enter
Posting key :50
Account no. :200100
(Cash account)
Enter
Amount :*
Business area :AMLH
Text :+
From the menu select Document ->Simulate and
save
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