General Ledger - EBS (MOSC)

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Foreign Currency GL Balances

edited Nov 6, 2023 2:26PM in General Ledger - EBS (MOSC)

Oracle R12.1.3

We have India entity were bank accounts are in USD currency but payments of non-USD transactions are routed through USD Bank account. Transactions happen in other currencies (INR, GBP, JPY, etc.), so the USD balance is never cleared and it shows open in the GL Trial Balance. Similarly, non-USD currencies are also open in GL account as negative transactions.

USD Bank account GLs are having multiple currency balances due to these payment / receipt of non-USD currencies

Please suggest any thoughts how to correct the process and old Transactions

Thanks in Advance

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