Impact of Exchange gain/loss on Budget amounts

[Former Member]

Hi,

We are maintaining budgets in INR (FM area currency)

Initially when budgets were freezed at that time exchange rate was 1USD = Rs. 50.

So we budgeted for let's say 5000 USD = 250000

But when actual expenses incurred i.e. at the time of PO creation it is 1USD = Rs. 52, so 5000 USD equals to 260000, here budget check would reject creation of PO as budget is not available.

Is there anything available in standard SAP to resolve this issue.

Thanks & Regards,

Jyoti

[iklovski]

Hi Jyoit,

You will simply have to add the suplementary budget, if that is what your client demands.

Regards,

Eli

[Former Member]

Hi Eli,

Can we maintain specific exchange type for conversion of budgets. That is budget check should be done using one conversion rate for this budgetary purpose, this rate would be same which we used for initial budgeting.

Thanks & Regards,

Jyoti

[CesarCarreno]

Dear Jyoti

As the budgets are maintained in FM area currency you do not use foreign currencies in budgeting, so there is no way of maintain a exchange rate.

As a workaround for your issue you can fix the exchange rate in the PO, then when you post the invoice (and the IR) the system will use this rate and create a exchange difference posting which you can customize it in FM as statistical. This solution has accounting effects as well, so you have to check with your customer.

Hope this helps you.

Cesar

[Former Member]

Thanks for your reply..