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P/L journal entries for multi currency bank account transactions

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in Payables, Payments & Cash Management

Summary:

What are Fusion Cash Management capabilities to support reconciliation due to FX? The use case is, when USD payments are made from a bank account denominated in CAD. Can amount/percentage tolerance rules for reconciliation/matching be utilized? Will Fusion Cash Management automatically create the PL/transaction journal entries?

Content (required):

Are translation & transaction journal entries required because the bank performs daily revaluations, the owner of the bank accuont (Fusion Cash Management ORG) performs monthly revaluation.

Version (include the version you are using, if applicable):

22B

Code Snippet (add any code snippets that support your topic, if applicable):

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