Currency differencesWhen currency differences are posted, several parameters affect the way the entries in the General Ledger are created. This section explains the possible parameter settings:
Ledger accounts by currency This parameter is recorded in the Finance Company Parameters (tfgld0503m000) session. If the Ledger Accounts Currency Differences by Currency check box is selected, the (un)realized currency differences are posted to the ledger accounts defined in the Currency Difference Ledger Accounts by Currency (tfgld0119s000) session. LN retrieves the related dimensions from these sessions:
If the Ledger Accounts Currency Differences by Currency check box is cleared, the currency differences are posted to:
Writing off currency profits This parameter is defined in one of these sessions:
If the Currency Profits check box is selected, the unrealized currency profits are posted as well as the unrealized currency losses. Unrealized currency losses are always posted when writing off currency differences. Fixed exchange rates For each invoice, the rate determiner defines:
The Rate Determiner is set in the Sales Invoices (tfacr1110s000) session or the Purchase Invoice Entry (tfacp2600m000) session. Unrealized currency differences are written off in one of these sessions:
Writing off currency differences for anticipated payments This parameter is defined in one of these sessions:
If the Currency Difference Anticipated Payments check box is selected, invoices with anticipated payments or anticipated receipts are considered for writing off currency differences.
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