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  • FAGL FC VAL Valuation of GL Account Balance Real Time Issue

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    Srinath Babu
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    This document provides instructions for valuating general ledger account balances in foreign currencies when an error occurs, stating that a ledger group must be assigned to the valuation area. The solution is to create a new valuation area and accounting principle, assign the relevant ledger groups, and run the valuation transaction twice - once for open item accounts and once for non-open item foreign currency accounts, using the different valuation areas each time.

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    FAGL FC VAL Valuation of GL Account Balance Real Time Issue

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    This document provides instructions for valuating general ledger account balances in foreign currencies when an error occurs, stating that a ledger group must be assigned to the valuation area. The solution is to create a new valuation area and accounting principle, assign the relevant ledger groups, and run the valuation transaction twice - once for open item accounts and once for non-open item foreign currency accounts, using the different valuation areas each time.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    515 views1 page

    FAGL FC VAL Valuation of GL Account Balance Real Time Issue

    Uploaded by

    Srinath Babu
    This document provides instructions for valuating general ledger account balances in foreign currencies when an error occurs, stating that a ledger group must be assigned to the valuation area. The solution is to create a new valuation area and accounting principle, assign the relevant ledger groups, and run the valuation transaction twice - once for open item accounts and once for non-open item foreign currency accounts, using the different valuation areas each time.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    'FAGL_FC_VAL' -Valuation of G/L Account Balances

    'FAGL_FC_VAL' with checkbox Valuate G/L Account Balances You get error You can only valuate balances using a ledger group (Message no. FR887). Diagnosis: You want to valuate balances in the general ledger. However, the system cannot assign a ledger group to the valuation area. This connection is necessary for the program to read the balances from the correct ledger(s).
    Normally - you post 'open items' to a 'blank ledger group' - posts to all ledgers in SAP New Ledger. However, with GL Balances in foreign currency non-open item managed GL Accounts - configuration is different. How to reproduce: Use GL 115002 (CSH Petty Cash - Acct Ccy <> Co C) in 1000.

    Run Transaction FAGL_FC_VAL with checkbox Valuate GL Account Balances Solution: 1) Create a new valuation BX: 2) Create a new accounting principle GAAX (assign all ledger grps that you need) 3) Assign Valuation Area BX to Accounting Principle GAAX Now you need to run transaction 'FAGL_FC_VAL' twice: The first time with valuation area BD for Open Item Managed Accounts. The second time with valuation area BX for GL Accounts in foreign currency non-open item managed.

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