| # Currency differences When currency differences are posted, several parameters affect the way the entries in the general ledger are created. This section explains the possible parameter settings: Ledger accounts by currency. Writing off currency profits. Fixed exchange rate. Writing off currency differences for anticipated payments. Ledger accounts by currency This parameter is recorded in the Company Parameters (tfgld0503m000) session. If the Ledger Accounts Currency Differences by Currency check box is selected, the (un)realized currency differences are posted to the ledger accounts defined in the Currency Difference Ledger Accounts by Currency (tfgld0119s000) session. LN retrieves the related dimensions from the following sessions: GLD: Company Parameters (tfgld0503m000) ACP: Ledger Accounts by Business Partner Group (tfacp0111m000) ACR: Ledger Accounts by Business Partner Group (tfacr0111m000) If the Ledger Accounts Currency Differences by Currency check box is cleared, the currency differences are posted to: GLD: the ledger accounts specified in the Company Parameters (tfgld0503m000) session ACP/ACR: the ledger accounts recorded for the business partner group Writing off currency profits This parameter is defined in one of the following sessions: ACP Parameters (tfacp0100s000) ACR Parameters (tfacr0100s000) If the Currency Profits check box is selected, the unrealized currency profits are posted as well as the unrealized currency losses. Unrealized currency losses are always posted when writing off currency differences. Fixed exchange rates For each invoice, the rate determiner defines: Which date is used to determine the exchange rate. If currency differences are calculated. For which (home) currencies the currency differences are calculated. The Rate Determiner is set in the Sales Invoices (tfacr1110s000) session or the Purchase Invoices (tfacp1110s000) session.. Unrealized currency differences are written off in one of the following sessions: Write Off Currency Differences (tfacp2240m000) Write Off Currency Differences (tfacr2250m000) Writing off currency differences for anticipated payments This parameter is defined in one of the following sessions: ACP Parameters (tfacp0100s000) ACR Parameters (tfacr0100s000) If the Currency Difference Anticipated Payments check box is selected, invoices with anticipated payments or anticipated receipts are considered for writing off currency differences. Related topics Rate determiners Currency systems Unrealized currency differences Realized currency differences Currency differences accounts |