EGL: Foreign Currency Journal Out of Balance and Purpose of the Currency Balancing Options
Last updated on SEPTEMBER 27, 2017
Applies to:PeopleSoft Enterprise FIN General Ledger - Version 7.5 and later
Information in this document applies to any platform.
The following is an example of a journal entry in a USD base currency Business Unit:
Foreign amount: 150.00 CAD
Base amount: 100.00 USD
Foreign amount: -100.00 USD
Base amount: -100.00 USD
When this journal is edited, it fails with an out of balance error.
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)?
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