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AP Payment- Wrong Exchange Rate> BASE /Functional amount wrong on Payment

edited Jan 30, 2019 4:30PM in Payables, Payments & Cash Management 1 comment

Content

Hi there,

Scenario :

AP Invoice is in Foreign Currency (USD) and CORPORATE rate was used.

Correspondiong AP Payment is again in Foreign Currency(USD) and USER TYPE rate was used.

At this step user has keyed in wrong value for the RATE - instead of putiing 1.38, 0.72 has been put..(Payment in USD has been paid correctly by bank but bcoz of wrong value of FX rate base/functional amount of PAYMENT has been wrongly calculated by system)

This has no impact I beleive on any event but I guess FX Gain/Loss will be wrongly calalculated in PAYABLES.

Any comments ?Manual Journals for FX gain/loss adjustment etc.

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