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Function documentation Foreign Currency Revaluation Locate the document in its SAP Library structure

Use

According to Italian law, current assets and liabilities in foreign currency have to be revaluated with the exchange rate on the year-end closing date. The revaluation difference has to be posted to the specific vendor/customer account. The Structure linkForeign Currency Revaluation  report (SAPF100) enables you to revaluate open items in foreign currency. Companies can then use the Post Foreign Currency Revaluation report to post the revaluation differences to the relevant vendor/customer account and to the currency revaluation profit/loss account.

Features

The Post Foreign Currency Revaluation report posts the revaluation difference in Euros on 31.12.xx, in accordance with the report selection parameters. The postings are reversed on 01.01.xx so that they do not affect the clearing of the open items.

Procedure

To calculate and subsequently post foreign currency revaluations in accordance with Italian requirements, proceed as follows:

       1.      Call the Foreign Currency Revaluation report (SAPF100) for open customer/vendor invoices posted in a foreign currency. On the report selection screen, make the required entries and select the Creating Postings checkbox. Execute the report.

The system updates the BSBW table with the revaluation difference amount.

NoteSubsequently delete the batch input session created by the report to avoid double postings of the revaluation amount.

       2.      Call the Post Foreign Currency Revaluation report (transaction RVITREVAL), enter the required data, and execute the report.

NoteThe posting parameters are filled automatically with default entries, unless you have changed these entries in Customizing by defining account settings and posting keys for the respective transaction types.

The system reads the entries in the BSBW table and retrieves the revaluation difference amount, based on the selection criteria entered. It posts the revaluation difference amount to the relevant vendor/customer account and makes a reversal entry with a posting date of the current date plus one day (unless you have changed the default posting parameters).

       3.      Run the automatic clearing program to close the open items in vendor and customer accounts.

 

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