Only Balance in Local Currency
Setting this indicator in GL master account affects the way account balances are stored in GL summary/totals tables. If this indicator is set, the GL balances are updated only in local currency to the GL totals tables. It does not affect the way data is stored in line items table BSEG or open & cleared items tables BSIS and BSAS respectively.
Impact on Foreign Currency Valuation
Foreign Currency valuation of GL accounts where the indicator "only balance in local crcy" is set is affected in the following manner depending upon the type of account
- Open Item managed accounts
If the account for which only balance in local currency is set, is an open item managed account, i.e: the indicator "Open Item Management" is also set in the GL account master. The foreign currency revaluation program would read the account details from tables BSEG and BSIS and hence the indicator "only balances in local crcy" has no impact on foreign currency valuation.
- Non Open-Item managed accounts (including accounts with line item display without open item management)
If the account for which only balance in local currency is set, is a non-open item managed account, i.e: the indicator "Open Item Management" is also not set in the GL account master. The foreign currency revaluation program would read the account details from GL summary tables FAGLFLEXT and hence no foreign currency valuation is possible on such accounts as balances in the GL totals tables are maintained only in local currencies for such GL accounts.
The above concept also applies to GL accounts which are line item manages but not open-item managed. i.e: the indicator "Line Item Display" is set but the indicator "Open Item Management" is not set.