Hi Gurus,
Please help me with the below issue:
Our team in China has asked us to create a new bank accounts in EUR along with valuation account for exchange rate. Our Group currency is EUR as we are in Germany. However, since the concerned accounting team is busy with year end activities, the are unable to create the GL accounts at the moment and hence I am unable to create the house banks. These accounts are very essential to be created for China Year End activities.
Hence, as a work around I thought why not to use an old EURO GL account which was not in use, just to park the 31.03.2016 bank balance of China company code, till the time we do not create new Euro GL account for them as per the normal procedure.
So, I used an old GL account which is in EURO and this account is open item managed. I posted a normal transaction with Fb01 so that I can do the foreign currency valuation. However, I am not able to see anything in the New Valuation Difference. It is coming blank.
I have checked OBA1 settings also and this account is maintained in OBA1.
Please advise what I am I missing.
Thanks
Seema