Is it Possible to Choose an User Exchange Rate at Transaction Level for a Secondary Ledger (Doc ID 1993193.1)

Last updated on MARCH 25, 2015

Applies to:

Oracle Fusion Tax - Version 11.1.5.0.0 and later
Oracle Fusion General Ledger Cloud Service - Version 11.1.5.0.0 and later
Oracle Fusion General Ledger - Version 11.1.5.0.0 and later
Information in this document applies to any platform.

Goal

Is is possible for a user to be able to choose the conversion rate at
 transaction level in the reporting currency ledger .


 As an example , when a transaction is entered in subledger , to be able to
 choose the exchange rate used in reporting currency . Different rates will be
 used for the same currency in the same day .

Typical requirement could be:

There is US company located in Norway, the Ledger structure is as follows:
    Primary books  -- USD US dollar currency
    Reporting books -- NOK Norwegian Kronos currency
    Exchange rate type from primary to reporting book is Corporate exchange
    rate type

 If a Payable invoice is received from supplier in other currency other than
 NOK, the system will report the amount on the reporting books based on the
 corporate exchange rate. The requirement is to capture the supplier exchange
 rate based on the user rate in Payables.  This requirement applies only if
 the NOK currency exchange rate is reflected on the invoice.  This is
 Norwegian requirement that the exchange rate of the user on NOK values is
 captured .  If this is not available then always the corporate rate will be
 used .  Is there a way for us to manually enter the supplier exchange rate on
 reporting books?  In imported invoice, can we put the user rate type and
 enter the supplier exchange rate?

Solution

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