Attention: To align with new corporate security policies, and to match policies adopted by other communities within Oracle, the My Oracle Support Community access requirements will change beginning September 18, 2025. MOSC will now require that member accounts in our community be associated to a *corporate* email address. This means that users with generic domains (such as gmail.com, yahoo.com, and others) will no longer be granted access to the discussion forums and ideas labs. If this policy affects you, act now to change the email address that is associated with your Oracle (and community) account. Alternatively, you can opt to create a new Oracle account that uses your corporate email domain.

Payables and Cash Management - EBS (MOSC)

How to handle Foreign currency Payments in Auto Reconciliation with Bank in Functional Currency

Oct 4, 2024 7:59AM in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered

HI Experts.

I have below requirement, Can any one advise how to meet the below requirement through Auto Reconciliation.

Kindly provide feasible Solution to meet the below requirement.

Setups Done:

Functional Currency is QAR & Bank Currency is QAR,

2. At the Bank Setup Multi Currency is enabled, Auto Tolerance is setup for Payments, Receipts, Cash Flows to handle bank charges

Scenario:

Payment is done from the above bank in Foreign Currency (USD) for 1000 USD

Requirement:

Bank Statement which we receive from the Bank will be in Functional Currency (QAR) Irrespective of the Payment whether it is in USD/EUR/GBP. i.e Statement will be received in QAR only for all Bank

Tagged:

0

Howdy, Stranger!

To view full details, sign in to My Oracle Support Community.

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month