Financial Management - PSFT (MOSC)

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How should we process a payment received in different currency to invoice currency?

edited Oct 15, 2013 11:38PM in Financial Management - PSFT (MOSC) 13 commentsAnswered
We have looked at the Currency Exchange Aid in previous releases and are now looking into what 9.2 delivers (which on first review does not look like it delivers a solution)

The scenario we have is where a customer pays USD into our GBP bank account - the bank apply their exchange rate to calculate the GBP monetary amount (sometimes the customer also incurrs bank charges).  How do PeopleSoft intend we process this payment in order that the payment base amount reflects the monetary amount received in the bank, we close the invoice and apply bank charges if appropriate.

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