Payables and Cash Management - EBS (MOSC)

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Exchange rates issue in AP invoices

edited Aug 20, 2021 7:41AM in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered

Hi Experts,

I'm new to Financials module in Oracle EBS. I'm looking into an issue reported by our user relating to exchange rates in AP invoices.

There are two invoices mentioned in the issue. Invoice1 is having USD as its invoice & payment currencies. While invoice2 is having GBP as its currency for invoice and payment. The default currency for the org is EUR. So exchange rates (for the given invoice date) were applied on both the invoices. While making payments on a later date, invoice1 had a different exchange rate but invoice2 had the same exchange rate.

So what happens when reconciling payments with bank statements when the exchange rate decreases or increases. User wants to know whether the difference amount will be automatically going to correct account or any manual work is to be done. Also how to see those entries?

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