Purpose of Configuration
When you are clearing the open items, the SAP system automatically post the exchange rate differences to the accounts. For this we need to create G/L accounts and assign to account determination for OI exchange rate differences using transaction code OB09.
How to define accounts for exchange differences in SAP
In order to overcome with the exchange rate fluctuations, we need to define accounts for exchange rate difference accounts and make the automatic determination accounts for exchange rate differences.
We can define accounts for exchange differences by using one of the following navigation method.
Step 1) Follow the menu path and double click on define accounts for exchange rate difference.
Step 2) Enter chart of accounts key in the field
Step 2) On change view Account determination for OI exchange rate difference overview screen, click on new entries button for maintaining the accounts for exchange rate differences.
Step 3) On new entries screen, update the following details.
- G/L Account: – Enter the general ledger account which we calculate the exchange rate differences.
- Currency : – Enter currency key.
- Currency type: – Select the currency type from the list.
- Exchange rate difference realized: – Enter G/L account for loss and gain exchange difference.
After updating the details, click on save button and save the configured details.
Successfully we have maintained accounts for exchange differences in SAP.