You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Can we Reconcile FX Payments in Cash Management via External Transaction Creation

in Payables, Payments & Cash Management 5 comments

Hello,

We want to Reconcile Foreign Currency Payments but in Cash Management, the bank statement line is converted to USD using the bank’s conversion rate, whereas our system transaction uses the corporate exchange rate configured in the system, which may differ from the bank’s rate. How can we configure Cash Management to account for this currency discrepancy?

Is there a way for the Cash Management system to automatically generate an external transaction to account for and reconcile the exchange rate difference?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!