INCORRECT ACCOUNTING GENERATED FOR FOREIGN CURRENCY PAYMENT CLEARING (NO CROSS CURRENCY)
(Doc ID 794076.1)
Last updated on FEBRUARY 14, 2019
Applies to:Oracle Payables - Version 12.0.3 and later
Oracle Cash Management - Version 12.0.3 and later
Information in this document applies to any platform.
The payment clearing accounting is not creating cross currency accounting entries. If the bank currency is different than the payment currency, a cross currency entry should be made when a payment is cleared.
So as an example, consider the following setup:
Functional currency : USD
Invoice currency : EUR
Payment Currency : EUR
Bank currency : USD
An invoice created for 4265.70 EUR, and paid for 4265.70 EUR, but cleared on a US bank account should have the following accounting.
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