Foreign currency Loan account

[Former Member]

Hi All,

When closing according to T Code  FAGL_FC_VAL must be run.

Although we have no more loan with bank due to the system it still calculate as if we have loan.

Could you please help us  how to skip procedure to close account

Thanks

Lee

[former_member198650]

Hi,

First check the loan GL account whether it is showing as open items or not. Second when you run the valuation you have to select the check box "Valuation G/L account open items" under the tab Open items.

Regards,

Mukthar

[Former Member]

Hi Mukthar,

GL account not set as a Open Item. But still it is considering for valuation.

As we have no more loan it is still calculating as if we have loan. We want to skip this.

Kindly help.

Thanks

[former_member229024]

Hi,

IF the loan account is maintained in Foreign currency in GL master data or its an open clearing item posted in Foreign currency, then the account will be included in FX valuation. If you do not want to carry FX valuation on this GL, then exclude this GL from the FAGL_FC_VAL selection options.

Cheers,

[Former Member]

Hi Prabhu,

GL code is not set as Open Item and as you said if i exclude this gl account under open items tab

Valuate GL account open items, then system won't valuate.

Here my doubt when the Open item is not set in FS00 for this gl account where is the question of considering this gl account for valuation in FAGL_FC_VAL?

Can you please clarify?

Thanks

Lee.

[former_member229024]

Hi,

Check the currency of your company code and the GL account currency. If its different then the GL account is Foreign currency based and need to be evaluated for FX during month end. For this type of  GL account , usually in GL Balances tab its entered to be includedin fx evaluation.

Cheers,

[former_member198650]

Hi,

You have to exclude the GL account under the tab of G/L balances. However you have to select the check box "Valuate G/L account balances".

Regards,

Mukthar

[Former Member]

I checked it now, Company code currency & GL code currency both are same.

Thanks

[former_member229024]

Can you elaborate more on the issue?  how the FX valuation came in to picture for the mentioned GL account?

what type of account? and are you mentioning this GL in FX val program selections

Cheers,

[former_member222241]

Hi,

Please check whether the loan account is still shown as Open Item as the valuation is done on Open Items.

Regards,

Tejas