AP: Incorrect Amount In Period End Accrual Entries For Foreign Currency Transaction
Last updated on JULY 06, 2018
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 and later
Information in this document applies to any platform.
Incorrect amount in Period End Accrual entries for foreign currency transaction.
The expense distribution amount in the period end accrual entries is different than the accrual line amount. This happens for the foreign currency transactions and during period end accrual process only. The accounting entries for the foreign currency transactions posted by the voucher posting process are correct.
The issue can be reproduced at will with the following steps:
1. Define market rate for USD to CAD
2. Set Invoice Line VAT Information
3. Create Voucher
4. Run Period End Accrual
5. Check Accounting Entries
- Notice that the Period End Accruals mount and the Expense Distribution has a difference of .01
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