How to Post Foreign Currency Customer Payment in SAP: F-28

How to Post Foreign Currency Customer Payment in SAP, using T code: F-28.

Understanding: The currency maintained in a company code is considered Local Currency, while all others are classified as Foreign Currencies.

Scenario: Here Company code currency is INR and we are going to post customer incoming payment with USD currency (foreign currency).

Lets check company code currency in T code: OX02

Go to T code: F-28.

Now give all the required data – Document date, posting date. Doc type, Company code, period, Currency – USD, reference, text

Bank data – House bank, Account, amount, value date, text, tax code.

Customer data – Customer account number.

Click on Process open items.

All items will be displayed, now select the desired line to make incoming payment.

Click on document – simulate to check the accounting entry.

Displayed accounting entry and click on save button. (Check all the SAP FICO Accounting entries)

Document XXXXX was posted in company code XXXX successfully.

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SAP FICO Configuration topics:

• SAP Finance Enterprise structure: Click here
• SAP Finance GL Accounting: Click here
• SAP Finance Accounts Payable: Click here
• SAP Finance Accounts Receivable: Click here
• SAP Finance Bank Accounting: Click here
• SAP Finance New Asset Accounting: Click here
• How to Create a Controlling area in SAP: Click here
• SAP Controlling – Cost Element Accounting: Click here
• SAP Controlling – Cost Center Accounting: Click here

Explained: How to Post Foreign Currency Customer Payment in SAP: F-28.