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Foreign Exchange Gain / Loss account while executing BRS.

Former Member
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Hai SAP Gurus,

Our customer is updating the exchange rates for a particular month on the last day of the previous month. For eg, For the month of May 2010, the foreign exchange rates are being updated on 30.04.2010. Now, whatever transactions happen in May are with this exchange rate. On 31st May, 2010, they update the exchange rate for June 2010. The BRS for May is run only in the first week of June. Obviously, the system is calculating the foreign exchange rate difference between the rates on 30.04.2010 and 31.05.2010 and while executing BRS for May in June, it is generating an automated line item - "Foreign Exchange Gain/Loss A/c" - XXX.XX. This is not intended and is also not according to any accounting policy as BRS only clears the In and Out accounts and posts to the Main accounts.

Is there any way by which we can resolve the issue. The FOREX Gain / Loss account should not get hit. Any of you would have encountered this situation and please share with me your views as to how you resolved the same.

Thanks in advance,

Regards,

Venkat KP.

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Answers (2)

Answers (2)

ravichandran_iyer
Active Contributor
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This is natural as the rates are taken as on date you run the BRS. This will happen if the posting date for BRS is current date as the rate has changed for this month. Try changing the posting date to the last day of the previous period.

Ravi.

Former Member
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hi,

in OBA1 settings please enter main bank account insteed of exchange gain or loss accounts. then that difference it will post to mail account only insteed of exchange gain or loss account.

with regards

Madana