Can we Reconcile FX Payments in Cash Management via External Transaction Creation — Cloud Customer Connect
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Can we Reconcile FX Payments in Cash Management via External Transaction Creation

in Payables, Payments & Cash Management 4 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?

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