Write Off Currency Differences (tfacp2240m000)

Use this session to write off currency differences on open invoice amounts resulting from currency exchange rate fluctuations between the invoice currency and the home currency.

Note: For invoices with receipt schedules and currency differences that are already posted at the invoice level, the unrealized currency differences are reversed and new unrealized currency difference amounts are calculated and posted based on the open amount for each schedule line.

The currency differences for the transaction kinds Unrealized Currency Profit and Unrealized Currency Loss are posted to the ledger account defined in the Accounts by Financial BP Group (tfacp0110m100) session.

A currency profit is only posted if the Currency Profits check box in the ACP Parameters (tfacp0100m000) session is selected. Otherwise, LN will post only the currency losses.

Currency losses are posted in the following way:

Debit: Unrealized Currency Loss
Credit: Accounts Payable

The Currency Difference Anticipated Payments field in the ACP Parameters (tfacp0100m000) session controls whether invoices with anticipated payments are considered for writing off currency differences.

Unrealized currency differences are reversed as soon as the invoice is actually paid.

Note: If the Calculate Currency Difference if Non-Finalized Transactions exist check box is cleared in the Finance Company Parameters (tfgld0503m000) session, to write off currency differences, all non-finalized transactions within the selected period must be finalized. If this check box is selected, LN can write off the currency differences (including non-finalized transactions) for the selected period.

Field Information

Post Currency Differences

If this check box is selected, LN posts the calculated difference amount under Transaction Type for Currency Differences.

If this check box is cleared, LN prints the calculated difference amount without posting the transaction.

Select Specific Invoices

To select individual documents, select this check box and then click Specific Invoices.

If you want to write off payment differences for a number of documents that are not in sequence, you can click Specific Invoices to start the Write off Payment/Currency Differences for Specific Invoices (tfacp2520m001) session.

Fully paid only

To select only invoices that have been fully paid, select this check box.

Selection Range

Selection

The type of document used as the basis for calculation of currency differences.

Allowed values

Both
Invoices
Advance/Unallocated Payments
Advance/Unallocated Receipts

Invoice-from Business Partner

Select your invoice-from business partner.

Transaction Type

Select your transaction type

Document

Select the document number. A combination of transaction type and document number is used to identify invoices.

Tolerance Limits

User

The logon code and name of the user as defined in the User Data (ttaad2500m000) session.

User

The name of the user who enters transactions.

Kind of User

Super User

A user whose approval authorization is set to Approve/Process/Reset All Transactions, and for whom no amount restrictions apply.

Normal User

A user whose approval authorization can be one of the following:

Match Only
Approve/Process/Reset Own Transactions
Approve/Process/Reset All Transactions

Maximum Amount to be Written Off

The maximum amount for each document to be written off as currency difference. If the currency difference for a document is greater than this amount, no write-off takes place.

The currency difference must also be less than the percentage displayed in the Maximum Percentage to be Written Off field.

local currency

Maximum Percentage to be Written Off

The maximum percentage over the total document amount which may not be exceeded by the amount to be written off as currency difference.

To write off a currency difference for a document, the currency difference amount must also be less than the amount displayed in the Maximum Amount to be Written Off field.

Maximum Currency Difference Amount (Reporting Currency 1)

The maximum amount for which the user is authorized to write off currency differences.

reporting currency

Maximum Currency Difference Amount (Reporting Currency 2)

The maximum amount for which the user is authorized to write off currency differences.

reporting currency

Settings

Rate Date

The date on which the currency exchange rate is determined.

Note: This date is defaulted with the last date of the Invoice Period (To).

Manual

If this check box is selected, the exchange rate can be specified manually.

Note:

Rate Type

The code of the exchange-rate type.

Note:

This field is enabled only if the Manual checkbox is selected.

Home Currency Rate

The currency exchange rate.

Note:

This field is applicable only if the Manual checkbox is selected.
This currency rate is based on the value specified in the Currency, Rate Type and Rate Date field.
You can modify this value only if the Poland checkbox is selected in the Implemented Software Components (tccom0100s000) session.
When this value is modified manually, LN considers this rate for open entries.

Home Currency

The home currency.

Batch

batch

Document

The transaction type that is used for posting currency differences to the general ledger.

Document

The document number under which to register the entry for currency differences and related tax amounts.

For all entries in the same run, LN uses the same document number. After each run, LN automatically increments this number by one.

Print Details

If this check box is selected, the details regarding the transaction of the currency differences are printed in the report.

Print Unselected Documents

If this check box is selected, LN prints a report that shows the reason why a document was not selected.

Dates and Periods

Document Date

The date on which the currency difference transactions are generated in the fiscal period you select.

Fiscal Period

The year of the fiscal period for the currency difference transactions.

Fiscal Period

The fiscal period for the currency difference transactions.

Reporting Period

Enter the year of the reporting period that is valid for the currency differences.

You can access this field if the Reporting Periods check box in the Group Company Parameters (tfgld0101s000) session is selected.

Reporting Period

The reporting period that is valid for the currency differences.

You can access this field only if the Reporting Periods check box in the Group Company Parameters (tfgld0101s000) session is selected.

Tax Period

The tax period year in which the entries that concern tax amounts over the currency differences must fall.

Tax Period

The tax period for the entries that concern tax amounts over the currency differences.

Define tax periods in the Periods (tfgld0105m000) session.