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Forex Invoice Tax Calculation Error: A Currency Conversion Rate Does Not Exist For This Currency (Doc ID 2460698.1)

Last updated on JULY 07, 2020

Applies to:

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

Symptoms

On : 11.13.18.02.0 version, Manage Invoices-Audit Invoices

Foreign currency invoice Tax Calculation Error: A currency conversion rate does not exist for this currency

Foreign currency invoice Tax Calculation Error: A currency conversion rate does not exist for this currency. The conversion rate type used for the invoice is 'User'. Tax Diagnostics Report and Log files are attached.

we have used USER rate for the transaction. Isn't the system supposed to use the user rate provided and not look for any corporate or spot rate? Please advise.


ERROR
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A currency conversion rate does not exist for this currency.
Cause For the currency USD, there is either no conversion rate for currency AUD defined or it is not applicable for the currency conversion date 2017-12-29.
Enter a valid conversion rate for the currency for the relevant currency conversion date.



STEPS
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The issue can be reproduced at will with the following steps:
1. Create a Foreign currency invoice
2.Validate
BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot validate the invoice.

Cause

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In this Document
Symptoms
Cause
Solution
References


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