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AP User Rate for Payments not coming over to Cash Management for Reconciliation

Received Response
edited Mar 24, 2021 2:41PM in Payables, Payments & Cash Management 2 comments


We are having an issue with our Cash Management in Oracle Fusion ERP when booking user rates for invoice payments from AP. When paying a currency we don't own, CM instructs our AP team on a rate to use which corresponds with the USD equivalent used to purchase said currency. The issue is that when the transaction comes over from AP to CM, it appears to be coming over with the corporate rate vs the user rate, creating an Up/Down for the cash reconciliation.

Example: AP books a NOK payment for 21,509.41 with USD equivalent of 2,534.13 on the payment. The bank statement comes in to CM with a 2,353.13 USD transaction, but the AP side comes in as 2,529.70 USD, despite the USD equivalent on the payment being 2,534.13 USD.

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