Hi Kumar,
1. How many IHC current accounts are suggested to configure when a subsidiary makes payment in many currencies?
In my opinion, it would depend on how IHC company and subsidiary are reconciled and in which currency. For example, if they are to be reconciled in EUR, it would only make sense that Current account to be maintained in EUR so that IHC has the correct balance.
2. Shall we use same clearing account( IHC clearing account, PT clearing account) used in centralized external payment process for payments in many currencies?
I would imagine you could have the clearing accounts for all the currencies that IHC has the external accounts with external banks - currencies that they hold so that you would have the visibility of clearing balance in IHC and its exchange rate impact in FI at the time of GL transfer with PQ clearing accounts.
3. IHC calculates transactional charge per transaction and post payment item automatically based on configurations. We want to calculate transactional charge, but on monthly basis. How it can be achieved
You may elaborate this. Are we referring to fix charge monthly from IHC to subsidiary if not calculated per transaction?
2. If we wish to transfer balance from all currencies to one current account, How it can be achieved? IHC cash concentration allow us to create heirerchy for accounts in same currency only
Indeed, cash concentration works only in the same currency, which would make sense anyway. what about using the manual payment order with internal transaction type? Even though manual payment order (credit/debit), you would need to use on currency, you may be able to transfer between 2 current accounts.
3. How can we cater to foreign exchange gain/loss using IHC?
As far as I know, you have some choices depending on who would be accountable for the exchange gain/loss. If it is IHC, you would simply use Final payment order from IHC and the real gain/loss would be posted by way of uploading Bank statements from external banks, while it is subsidiaries accountable for that, you look to the Provisional Payment process from IHC, create different exchange rate type for the Actual exchange rate from banks, process final posting in IHC0, which will reflect the real exchange gain/loss to subsidiary by way of FINSTA bankstatements
Hope that this helps
taro