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External Transaction for Foreign Exchange Gain or Loss - Release 13 Update 18C

edited Feb 23, 2019 6:11PM in Payables, Payments & Cash Management 5 comments

Summary

Getting further clarifications on how this feature works

Content

As per the Release Readiness documents (see: https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4328), there is now enhanced functionality to automate the reconciliation of foreign currency payments on multi currency bank accounts. Could anyone provide details on how this feature works?

I would particularly be interested in understanding what setup is required and what data the feature relies on? e.g. does the "foreign currency" field on statement line need to be populated.

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