Does oracle automatically change the rate of a journal which is unposted?
Hi Team,
Setup:
Ledger - AUS Primary Ledger
Under specify ledger option > Average balance, we have selected "specific date" for the posting controls. Specific date: 8/10
Created a corporate rate i.e. 1.52 for 8/11 from USD to AUD currency.
Scenario: We have created a journal for accounting date - 8/11 with entered currency as USD and as we have selected specific date as 8/10 under ledger options, it will not post the journal since it is a future dated journal beyond the cut off date(8/10) in an open period. It is in unposted status. System used 1.52 conversion rate from Entered(USD) to Accounted(AUD) currency.