EGL: Foreign Currency Journal Out of Balance and Purpose of the Currency Balancing Options (Doc ID 608934.1)

Last updated on SEPTEMBER 14, 2016

Applies to:

PeopleSoft Enterprise FIN General Ledger - Version 7.5 and later
Information in this document applies to any platform.

Symptoms

The following is an example of a journal entry in a USD base currency Business Unit:

Debit
Foreign amount: 150.00 CAD
Base amount:     100.00 USD

Credit
Foreign amount: -100.00 USD
Base amount:     -100.00 USD

When this journal is edited, it fails with an out of balance error.

Question:

Why is the journal out of balance even though the base amounts of 100.00 USD and -100.00 USD are in balance (net to 0.00)?

Cause

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