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Re: The amount in local currency differs from the amount in group currency !!

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Hello Ahmed,

 

Yes this is correct behavior as there is exchange rate difference it will post to exchange difference account (KDM) as you defined in OBYC.

 

And as far as Group currency and Local currency is concerned it may mismatch based on Your setting in OB22. I am assuming this might be the difference system might have followed below step based on your settings.

USD=AED ( Local currency)

AED=USD ( Group currency)

 

In Your Case 1st local Currency ( Converts based on Document Currency)

AED/USD---0.27 ( As per Document Currency or Transactional currency)

 

Transaction Posted is AED1000

 

270USD=AED1000

 

1st conversion is USD to AED

 

Then 2nd Local ( group) currency ( Converts based on Local Currency if option 2)

 

USD/AED 3.6729

 

AED1000=USD272.26

2nd conversion is based on Local currency

 

In short maintain option 1 for source currency Transaction t-Code OB22 in  one to avoid such differences.

 

 

Best regards

Hrusikesh


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