Can Withholding Invoices Be Created In A Currency Different Than The Ledger Functional Currency? (Doc ID 2136153.1)

Last updated on MAY 10, 2016

Applies to:

Oracle Financials for the Americas - Version 12.2.4 and later
Information in this document applies to any platform.

Goal

Can Withholding Invoices be created in a currency different than the Ledger functional currency?

Primary Ledger is setup with currency USD.
Create invoices with withholding tax in currency ARS.
Pay the invoices.
Withholding amount is calculated at payment time.
Withholding invoice is automatically generated to pay the Tax Authority.

Problem: The withholding invoice is generated in the currency USD, not in ARS.
Business needs to pay in ARS.
 

Solution

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