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Realized Exchange Gain Or Loss should be calculated on Payment Reconciliation (Doc ID 2435064.1)

Last updated on FEBRUARY 19, 2024

Applies to:

Oracle Fusion Payables Cloud Service - Version 11.13.18.02.0 and later
Oracle Fusion Cash Management Cloud Service - Version 11.13.18.05.0 and later
Information in this document applies to any platform.

Goal

How to recognize the exchange rate gain/loss from payment reconciliation?

Its required that three currency rates are considered for calculating exchange gain or loss in Procure to Pay cycle.

Example, foreign currency invoice is created for 10 USD with exchange rate as 1 USD = 18 MXN.

Payment is created for 10 USD with exchange rate 1 USD = 20 MXN, Loss of 20 MXN is calculated.

When payment is reconciled on a date when exchange rate is 1 USD = 23 MXN, the loss of 30 MXN should be calculated.
 

Solution

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In this Document
Goal
Solution
References


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