Hi All,
We have an issue in the Amortization procedure.
We have taken an loan in foreign currency(USD) and need to amortized the charges(USD) till the term end of the loan. We have done the configuration for the same and system is posting the exact amount in USD as per our requirement.
We have the concern, for intance, we have the charges of 600 USD which needs to be amortized for the period of 6 months i.e. 100 USD per month.At the time of booking the charges the exchange rate (USD-INR) was 55 i.e (600*55=33000 INR).The system is displaying the amortized amount as below
| Month | USD | Exchange rate | INR |
| 1 | 100 | 54 | 5400 |
| 2 | 100 | 53 | 5300 |
| 3 | 100 | 52 | 5200 |
| 4 | 100 | 51 | 5100 |
| 5 | 100 | 50 | 5000 |
| 6 | 100 | 56 | 5600 |
| Total-> | 600 | 31600 |
In the above case the system is amortizing the USD currency based on the total amount(600 USD) and the no of months(6months). In case of INR system is calculating based on the exchange rate we maintained in OB08.
But our requirement is as follows
| Month | USD | Exchange rate | INR |
| 1 | 100 | 54 | 5500 |
| 2 | 100 | 53 | 5500 |
| 3 | 100 | 52 | 5500 |
| 4 | 100 | 51 | 5500 |
| 5 | 100 | 50 | 5500 |
| 6 | 100 | 56 | 5500 |
| Total-> | 600 | 33000 |
In this case we want the system to amortize the USD & INR currency based on the total amount(600 USD & 33000 INR) and the no of months(6months).The system should not consider the exchange rate while calculating the INR value.
Kindly let me know is there any configuration change needs to be done!!!
Regards,
Venkat