General Ledger - EBS (MOSC)

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Suspense account balance

edited Aug 31, 2010 12:28AM in General Ledger - EBS (MOSC) 4 commentsAnswered ✓
When we have cross currency receipt in Receivables, the system add cross currency lines and post to suspense account. 

For example,

On CA set of book an invoice is created for $166 CAD.       
Dr.  AR  166 CAD    
 Cr. Revenue  166 CAD   
       
Received and applied USD payment for the invoice       
Rate: 1 USD = 1.107 CAD      
                                      Entered        Functional Currency  
Dr. Cash                         150 USD      166 CAD 
     Cr. Unapplied Receipt      150 USD      166 CAD
Dr. Unapplied Receipt      150 USD      166 CAD 
     Cr. AR                           166 CAD      166 CAD
   * Cr. Suspense                 150 USD      166 CAD
* Dr. Suspense               166 CAD       166 CAD 
 * These get added in the GL Interface so that by currency the Jes are balanced. 

My questions are:

1. What do you do with the balance in suspense account?

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