Friday, September 12, 2008

Valuating Open Items in Foreign Currency: Entering Invoices in Foreign Currency in FICO

Use

You now post a vendor invoice in foreign currency so that you can valuate open items in foreign currency in the next transaction.

You post the invoice directly in Financial Accounting, there is no integration with MM (Materials Management). This makes it easier to post backdated invoices.

Procedure

  1. Call up the transaction as follows:
  2. Menu Path

    Accounting ® Financial Accounting ® Accounts Payable ® Document Entry ® Invoice

    Transaction

    FB60, FBL1

    Make sure that the correct company code is specified.

    If the system displays the Enter company code dialog box, enter the following data:

    Field

    Europe

    North America

    Company code

    1000

    3000

    Otherwise, choose Environment ® Set company code and confirm the dialog box Exit processing with Yes. In the dialog box, enter 1000 (Europe) or 3000 (North America).

    Choose .

  3. If the worklists are not displayed, choose Tree on.
  4. On the Basic Data tab, enter the following data:
  5. Field

    Europe

    North America

    Vendor

    1560

    4940

    Invoice date

    15.03.2000

    15.03.2000

    Posting date

    15.03.2000

    15.03.2000

    Amount

    12,000.00 (gross amount, including tax on sales/purchases)

    12,000.00 (gross amount, including tax on sales/purchases)

    Currency/rate

    USD

    EUR

    Calculate tax

    Select

    Select

    Tax code

    V9

    I0

    If any warning messages appear, choose .

  6. Choose Screen variants for items ® With cost center.
  7. Enter the following data:
  8. Field

    Europe

    North America

    G/L account

    415000

    415000

    D/C (defaulted)

    Debit

    Debit

    Amount in doc. curr.

    12,000.00

    12,000.00

    Tax code

    V9

    I0

    Cost center

    1000

    1000

  9. Choose .
  10. Business area 9900 is entered in the table automatically.

    Account 415000 requires an assignment to a CO object, since it is defined as a cost element. Therefore you require an additional account assignment, for example cost center 1000.

    The system displays the address of the vendor.

  11. Choose Simulate.
  12. Choose .
  13. Make a note of the document number.
  14. Choose .
  15. In the Exit Editing dialog box, choose Yes.

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