R12: AP: How to update the Exchange Rate on an Invoice or Payment if the Daily Exchange Rate changes? (Doc ID 2404347.1)

Last updated on SEPTEMBER 14, 2023

Applies to:

Goal

On : 12.2.4 version, Accounting Issues in AP

How does EBS (Oracle E-Business Suite) register differences between original Exchange Rate saved on an Invoice (or Payment) and the final, updated, Exchange Rate setup.

Example:

1) Define Daily Exchange Rate of 22.9259 on 23-APR-18

2) Create and account a foreign currency invoice / payment. Notice exchange rate on transaction is set as 22.9259

3) Modify Daily Exchange Rate for 23-APR-18, setting it to 23.0002

Questions:

A. Does EBS register Exchange Rate difference (23.0002 - 22.9259) on the invoice/ payment?

B. How to update the Exchange Rate on transaction, if Daily Exchange Rate has been updated?

Solution

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