Realized Conversion Diff Loss account in Outgoing Payments.

[Former Member]

Hi everyone,

I define customer items as Non inventory item and I was not selected phantom item.When I am trying to post Outgoing payments on that items invoices the Realized Conversion Diff Loss account is coming in Journal Entry.

I selected my G/L accounts on basis of Item Group.But I was not defined this account in the Item Group.Where I have to find this account to modify my settings in Journal Entry and how to change it.?

Thanks and Regards.

D.Rajesh

[EricAlo]

Do you have a different local currency and system currency?
If you do, this will create a posting to realize conversion diff gain/loss.
Try to expose the SC column and you can see that there are postings to the SC column.

SC is usually used for reporting currency when you have subsidiaries who report to a parent company and the SC can be used for consolidated reports.

[Former Member · Accepted solution]

Hi Rajesh,

Go to Administration--> Set up--> Financials--> GL Determination--> General tab--> Realized Gain..

What is your the setting of rounding? Is it by currency? Change it to document to see ? Also, check what have you mapped in the rounding account?

Thanks,

Joseph

[Former Member · Accepted solution]

Thank you Antony

[Former Member · Accepted solution]

Hi Rajesh,

Is your issue resolved? Please post and mark the helpful answers as it woudl be helpful for others too.

Thanks,

Joseph

[shrikant4 · Accepted solution]

Hi Joseph,

[shrikant4 · Accepted solution]

Hi Joseph,

One of my customer facing issue for some Incoming payments showing impact on Realised Conversion Diff Loss account.

As per the solution you told in this section (Change Rounding Method from Currency to Document) is it work for that or anything else needs to check for this issue.

Regards,

Shrikant

[kothandaraman_nagarajan]

Hi DR,

You can find under Administration Setup Financials G/L Account Determination Sales

Realized Conversion Diff. Gain, Realized Conversion Diff. Loss

Select accounts to use as default accounts for journal entries created to reflect gain and loss caused by conversion differences in sales transactions.

Note

The fields are available only if the system currency is different from the local currency.

OR

Administration Setup Financials G/L Account Determination Purchasing .

Select accounts to use as default accounts for journal entries created to reflect loss and gain caused by conversion differences in purchase transactions.

Note

The fields are available only if the system currency is different from the local currency.

OR

Administration Setup Financials G/L Account Determination General .

When you reconcile transactions of G/L accounts that have a balance due in the system currency, conversion differences transactions are performed automatically. Define here the account to which the gained/lost conversion differences are posted.

Note

The fields are available only if the system currency is different from the local currency.

Source :SAP help file 9.0 version.

Thanks & Regards,

Nagarajan

[Former Member]

Thank you Nagarajan

I need a small clarification here,In some Journal Entries it is appearing and non appearing for the same vendor.How to find when it is coming in JE?

[Former Member]

What is the setting of rounding in your database? Have you checked the rounding account and check the account which is mapped?

Thanks,

Joseph

[juanjorge_oetling]

After checking the sales, purchasing and general tabs accounts to be correct, we still have the same error "conversion account was not defined".   After various tests, we discovered that this happens when trying to apply incoming payments together with invoices and SERVICE credit notes.  If we use article credit notes the error does not appear and we are able to apply the incoming payments together with client invoices.

But when trying to apply the same incoming payment on a previous fiscal year the error reappeared...

Any other suggestions to apply service credit notes?

[KennedyT21]

Hi Rajesh...

Administration--> Set up--> Financials--> GL Determination--> General tab-

Check with the above path..

Regards

Kennedy

[Former Member]

Thank you kenedy

[Former Member]

Hi,

The amount posted is 0. Is there any problem with that? What account do you want to assign for this converting differences if any?

Thanks,

Gordon