Hi,
Thru OBA1 we maintain exchange gain/loss diff accounts for specific GL accounts like Recon account which involve foriegn currency transaction/clearing. The reason we maintain is to ascertain our exchange rate position like where we stand (gain/loss) for our FX transactions.
Loss / Gain account are maintained for realizing ex rate differences arising out of FX deals.
Loss account / Gain Account - We maintain GL account for losses/profits resulting from exchange rate fluctuation when clearing open items in foreign currency.
You can either maintain same gl for both or different gl. generally most of the clients maintain seperate accounts for losses/gains.
At the period end, you need to carry out FX Revaluation to know the position of your FX transactions, whether you have made FX loss / gain, for which we run F.05 for which you create Valuation accounts
Valuation loss/ gain account - We maintain GL Account for losses/ gains from the foreign currency valuation of open items.This is purely for valuation purpose and gets reflected in your B/S. Whereas the above accounts are maintained to realise your FX loss/gain.
The best help is F1 help in SAP which clearly explains the same.
hope this clarifies.
regards,
radhika
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