EEX 9.1+: Cash Advance Payment Accounting Entries Not Balanced When it is Paid in a Different Currency (Doc ID 2143317.1)

Last updated on JULY 11, 2016

Applies to:

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

Symptoms

When a Cash Advance is paid in foreign currency, the payment accounting entries are not balanced as there are no realized gain/loss line that is generated.

Steps:
1. Base currency of the employee is PHP.
2. Employee Requested a Cash Advance amounting 6,500 PHP.
3. From page update stage payment for cash advance : change the payment bank to reflect USD currency instead of PHP.
4. In Accounts Payable pay the cash advance transaction : payment is 6,500 PHP/40.9 = 158.92 USD
    Note: Current exchange rate from PHP to USD in the system is 1 USD = 40.90 PHP.
5. Post Payment.

Actual Result :
Payment amount in Expenses is : 158.92 USD * 40.9 = 6499.83 PHP

Expected result :
Payment should be 6,500 PHP

To gather more information concerning this scenario and its related problem, refer to the available Replication Steps containing the complete configuration and the replication steps necessary to reproduce the issue.

Cause

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