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Intercompany Allocation Calculated Amount Is Not Getting Converted To Target Currenct (Doc ID 2607690.1)

Last updated on DECEMBER 20, 2019

Applies to:

Oracle Fusion General Ledger Cloud Service - Version 11.13.19.07.0 and later
Information in this document applies to any platform.

Goal

On : 11.13.19.07.0 version, Capture Transactions-Define Allocations and Period Entries

Intercompany Allocation Calculated Amount is not getting converted to Target Currenct


Our customer has a requirement to generate intercompany invoice and send to counter part legal entity.

Sender legal entity is India legal entity and its currency is INR where as receiver is US legal entity and its currency is USD.

Requirement is Sender has to allocate (few of their expense accounts period activity amount adding 17% markup to it) PTD expense cost to receiver organization via intercompany transaction. Intercompany transaction should generate AR invoice in USD.

I have created allocation rule and ran "Generate Intercompany Allocations" process which has generated Intercompany transaction. seems calculation is correct but the amount was not converted to USD currency equivalent. Refer the attachment for your understanding and suggest the fix as early as possible.
 

Solution

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In this Document
Goal
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