R12: AP: How to Handle Missing Exchange Rates in AP Payments (Doc ID 1067940.1)

Last updated on SEPTEMBER 26, 2024

Applies to:

Goal

How to Handle missing Exchange Rates?

1. Payments are created in the Payment Workbench with or without exchange rates based on the Payables options. If the exchange rate type is User, then the exchange rate must be given before the check can be created. If the exchange rate type is not User, and the required exchange rate entry check box has been checked, then the exchange rate must be available in the GL Daily Rates before the check can be created. However, if the exchange rate is not User and the required rates check box is not checked, a foreign currency check can be created without an exchange rate.

2. Foreign currency payment created and maturity events should get accounted when the exchange rate fields are populated on the related checks and it should not be picked up by the accounting program when the exchange rate data is missing.  In this case the AutoRate program should be run to populate the exchange rates.

3. In the payment workbench form, maturity exchange date and maturity exchange rate fields should not be nullified when the user clicks on "Enter/Adjust Invoices" Button.

Solution

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