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What is the foreign currency valuation,importance of the
foreign currency?
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Answer Posted / satish kumar gunda
HI, Lets suppose you had a Business Transaction with
Business Partner Customer/Vendor in currrency other than
your company code. ex. USD or EUR etc... where as your
company code corrency is INR... In this case there will be
some payment term assigned to Vendor and hence an invoice
gets due after couple of days after an invoice is posted..
meanwhile there will be fluctions in the currency
conversion.. and the due amount to the Vendor may be less
or high based on the currency market. in order to track
this fluctuation in accounts we valuate the currency. that
is nothing but foreign currency valuation.
Satish Kumar Gunda
| Is This Answer Correct ? | 15 Yes | 0 No |
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We are are looking to take the IS-Utility payment from the third party software where one API will be called with the variable input parameter (Business Partner/ Amount/ Bill reference number and so on..). and we are trying to post the payment in transaction FPCD cask desk for which we have searched several Functional Module but it do not worked and with BDC recording the transaction we are not able to save. kindly suggest any other payment method and Function Module, to figure out this solution.
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