EAR9.0+: How To Match a Payment in Foreign Currency To a Base Currency Invoice In a Closed Period?

(Doc ID 1234826.1)

Last updated on SEPTEMBER 22, 2016

Applies to:

PeopleSoft Enterprise FIN Receivables - Version 8.9 to 9.2 [Release 8.9 to 9]
Information in this document applies to any platform.
*** Checked for Relevance on 05-Apr-2012 ***
***Checked for relevance on 20-Dec-2013***
***Checked for relevance on 03-Jul-2015***


Question 1)
The system does not calculate the Amount in the Balance grid of Maintenance Worksheet as per the exchange rate for the date specified in Currency Conversion page. It calculates as per accounting date of the worksheet. Is this correct?

Question 2)
The payment date of the invoice is 06-23-2010 and currently the accounting period for the month of June is closed. When users are trying to match the payment in current open period, system selects the conversion rate for the current open period. On-site business scenario that when a payment is received for an invoice, it may not be matched within the same open period as of payment date. As per business process, the conversion rate applicable for the payment should be the payment date not the date when you are matching the payment to invoice. How to deal with this scenario?


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