R12 :Supplier Outstanding Balances Revaluation Adjustment JE Through Subledger To GL (Doc ID 1993858.1)

Last updated on JUNE 10, 2015

Applies to:

Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

During Year/Month End, All the outstanding supplier liabilities (Foreign currency transactions) needs to be revalued and revalution adjustment entries has to be posted in the month end and the same has to be reversed in the 1st of next month.

AP Open Balances Revaluation Report just determines the amount needed to adjust your general ledger balance To reflect the balance between Your original and revalued balance. Based on this, we need to create manual journals in GL to adjust the GL balance.

But our expectation is that system create these journals automatically from subledger to GL. So, our revalued balances can be reconciled between AP and GL.
 

Solution

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