Posting Valuation Differences Manually 

Use

If the valuation of foreign currency balance sheet accounts and open items is not carried out using the programs defined for this function, you can also value a foreign currency account balance in local currency manually.

 

This only applies to accounts that are not managed on an open item basis. For example, if you have securities or loans in a foreign currency, and the exchange rate changes, you can manually revaluate the account balances. If you do so, post the valuation difference only in local currency.

Procedure

To value a foreign currency account balance in local currency manually, proceed as follows:

  1. Choose Document entry ® Valuate foreign currency from the General Ledger menu.
  2. Enter the currency key that is specified in the account master record in the document header.
  3. Enter a posting key (40 for debit postings or 50 for credit postings) and the G/L account number. This must not be an account that is managed on an open item basis. Choose Enter.
  4. Enter the revaluated amount in local currency, a posting key, and the number of a G/L account for gains or losses from exchange rate differences. The system automatically enters the local currency key in the items.
  5. Enter the second line item; debit postings should be made to the losses account and credit postings to the gains account.