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Incorrect FX rate entered by user

in General Ledger & Intercompany 2 comments

While working to reconcile Intercompany balances, client identified that they have made an error with the CAD/USD Exchange rate loaded into Fusion. They loaded .07434 instead of .7434. They are concerned that there are AP and AR documents which are also impacted by this error.

1. Is there an option to re-run the journals for that day (which would have looked to the CAD/USD Fx Rate) to use the corrected exchange rate? Or do they need to manually reverse and re-calculate the CAD values for all the journals which used that incorrect rate of .07434?

We would appreciate your assistance to review AR/AP documents (and any other JE's) that might have been impacted related to that day, as well as advice if there is a way we should be systematically correcting the impact of that incorrect Fx Rate being entered.

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