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Create External Transactions for exchange Rate Variances

in Payables, Payments & Cash Management 1 comment

Summary:

Hello Experts,

We are looking to use the 18C feature: Create External Transactions for Exchange Gain and Loss, and Bank Charges, to create External Transactions for our exchange rate variances between the payment in oracle and the bank statement

We are using a Domestic currency bank account (CAD) with Multi-currency enabled.

I see that a requirement for this feature to work is that the below details in the Foreign Currency section of the bank statement need to be filled out:

Our business scenario is Payment made in USD from Oracle (7,087.50 USD which is 9,648.21 CAD at Oracle à Ex. Rate of 1.3612)

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