Payables and Cash Management - EBS (MOSC)

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Amount accounted in cash account in XLA and General ledger different from amount reconciled in CM

edited Aug 20, 2021 7:38AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered

The issue is:

I have a payment in foreign currency (USD) created with an account in fucntional currency (ZAR).

payment amount : 24720 USD / 351271.20 ZAR

This payment pays 6 USD invoices 24720 USD / 365124.30 ZAR

The payment creation has generated correct entry:

CR Cash clearing account : 24720 USD / 351271.20 ZAR

DB Liability account : 24720 USD / 365124.30 ZAR

CR exchange gain account : 0 USD / 13853.10 ZAR

this payment has been reconciled to a ZAR statement line 358061.78 ZAR

The payment reconciliation has generated the following accounting entry:

DB Cash Clearing account : 24720 USD / 351271.20 ZAR

DB Exchange loss account : 0 USD / 6790.56 ZAR

CR Cash account : 358061.76 ZAR

Cash account should have been credited from 358061.78 ZAR instead of 358061.76 ZAR.

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