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Oct 28, 2011

Invoice currency and payment currency different in AP

In Oracle Apps, can we make payments in a different currency from Invoice currency?
One of the readers of this blog, Sreenu Vasulu, points out that there is a way to make AR receipts in a currency different from Invoice currency. He thinks that there should be a way to do that in AP as well. 
This is a question that is regularly asked in implementations. As far as I know, there is no way to do this.
So the question of the day, Has anyone of you configured  a solution in AP in Oracle where invoice currency is different from payment currency? How did you configure it?


venkat said...

If the invoice currency is INR We can make a payment in USD or any other currency by enabling the multiple currency option in payable option. And we must enable(use multiple currency) check box at bank level.


Ramaswamy V Krishnamurti said...

Venkat, multiple currency enables you to enter invoices in multiple currencies. As far as I know, we cannot make payments in a currency different from the invoice currency in Oracle. If you have done it, can you pl. share the screenshots of the entire flow to the benefit of other readers?

venkat said...

Hi Krishnamurti,

We can do fellow the steps...

1. Enable the use multiple currency check box at payable options. Enter the Realized gain loss and rounding account

2. Define Bank as same ledger currency and Enable the Multiple currency payments at bank level in account controls

3. Enter the invoice in INR validate and click on payinfull. Here select the bank which you have enabled multiple currency payments and give the exchange rate save it.


Ramaswamy V Krishnamurti said...

I will check it an update