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Payment of Invoices from non Functional currency Bank Account

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edited Mar 14, 2024 7:07AM in Payables, Payments & Cash Management 3 comments

Hi All,

There is a requirement from Business to make Payment from Disbursement Bank Account USD(Non-Functional) that Invoice currency=EUR, Payment Currency EUR.

Cross Currency is possible by making Invoice Currency=EUR, Payment Currency =USD on Invoice and paying with USD Bank Account. But When we make Payment Amount will be in USD Currency in Oracle when Cross currency Payment is made. But Business wanted Payment amount also in EUR

Our Function Currency Bank Account is INR(enabled Multi currency) but they wanted to pay with USD Bank Account only

Is there any way to make payment with USD Bank Account for EUR Invoice and Payment Amount also should be in EURO. Could you please assist.

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