When Default Retain Exchange Rate Type = No and Rate Type is USER in the Primary Ledger, Rates in the Secondary Ledger Journal are Not Replaced
Last updated on SEPTEMBER 18, 2017
Applies to:Oracle General Ledger - Version 12.1.3 and later
Information in this document applies to any platform.
Customer has a Primary ledger with currency CUR.
The Secondary Ledger currency CURS.
The conversion rate between these two currencies = 1.
Our requirement is that foreign transactions created in Primary ledger should be converted in Secondary Ledger using different exchange rate type.
A journal in the primary ledger is created using CORP rate type.
When this transaction is transferred to the Secondary ledger it should use the 'NEWDAY' exchange rate type.
We have achieved this by populating the default exchange rate type field = 'NEWDAY' and Retain Exchange Rate type = No for the Primary/Secondary Ledger mapping.
This works correctly in most cases.
But we are facing with any issue when transaction uses USER exchange rate type.
In this case, the system does not take into account setups made on the Mapping page.
The rate type in the secondary ledger stays as USER.
The User rate is treated differently by system compared to as other rates types.
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