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Daily Exchange Rate --Impact analysis

edited Sep 1, 2023 5:10PM in General Ledger & Intercompany 2 comments

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Hi All,


Right now we only use the USD currency.We only use one ledger with USD currency .There are no plans of having another ledger with any other currency.

Our company is now expanding to certain countries in Asia and since we have implemented Oracle Cloud Expenses there will be a need to enter the transactions in currencies like INR (no new ledger will be created with INR)

Initially we had a workaround where the users were asked to enter the amounts in USD by referring to a currency convertor website.However now since the volume is increasing for cash transactions we would like to implement the GL DAILY RATES.

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