EAR9.1: Real G/L Being Charged Instead Of Rounding Account (Doc ID 1990056.1)

Last updated on SEPTEMBER 21, 2016

Applies to:

PeopleSoft Enterprise FIN Receivables - Version 9.1 and later
Information in this document applies to any platform.

Symptoms

On : 9.1 version, Payment Worksheet

ACTUAL BEHAVIOR
---------------
Real G/L being charged instead of Rounding Account

In a multi-currency transaction, a penny rounding is being charged to the Realized Gain/Loss account instead of the Rounding account. Is this a bug?

EXPECTED BEHAVIOR
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Per PeopleBooks, the rounding account code is used when applying a payment to an item with a currency different from the currency of the item

STEPS
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The issue can be reproduced at will with the following steps:
1) Set Market Rate for USD-EUR: 1.410377
2) Create Item for 12565.38 USD
3) Enter payment for 8909.23 EUR and apply
RESULTS: Entry is created for 0.01 charged to Realized Gain/Loss instead of Rounding account

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, the Rounding account is not used as documented

Cause

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