Clearing Open Items in Foreign Currency
You can clear open items in any currency.
The amount of all the selected open items will automatically be translated into the currency in which clearing is to take place. The translation is executed as follows:
Item currency® Local currency ® Clearing currency.
You are therefore not required to make additional entries in the exchange rate table for cross-currency clearing.
When clearing, you can only display the open items in either the clearing currency or the local currency.
The amounts originally posted for items that were posted in a third currency are not displayed in the overview.
You no longer need to make a posting to an interim account (currency exchange account) for payments in a foreign currency that does not correspond to the currency of the paid items.
Clearing in a Third Currency
The local currency of a company code is DEM. An invoice was issued on 4/1/94 for 1000 SFR, and on 4/15/94 a payment for 685 USD was received. If the invoice had been created in USD, the amount due would be $687.14. In the local currency, there is a difference of 8.65 DEM. This difference is divided as follows: Unauthorized deductions of 3.66 DEM, and SFR exchange rate fluctuation 4.99 DEM.
If you want to clear cross-currency open items, it may be worth viewing the item currency keys in the overview. In order to do so, you need to define a corresponding display variant in which the field Currency is supported by the internal field name WAERS. In Customizing for Accounts Receivable and Accounts Payable, choose the activity Check Settings for Processing Open Items. Execute the function, and choose Define line layout. You can change existing variants, add to them, or define new variants.