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How to do receipt with the different currency from invoice currency? (Oracle AR)

Discussion in 'Oracle Financials' started by yingsras, Aug 8, 2012.

  1. yingsras

    yingsras Forum Advisor

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    Hi All,

    I have the invoice (THB) but the customer pay as USD.
    I tried to do receipt with USD but seem the balance is not correct.
    Is there any setup to allow receipt with dirrerent currency from invoice currency?
    Could you please advise?

    Thanks,
    Ying
     
  2. Ramji

    Ramji Forum Guru

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    Yinga,

    In R12 all that is needed is a remittance bank with Receipts Multi Currency Flag checked. Else you will be restricted to enter receipts in the currencies in which the bank account exists.

    Earlier there was a profile to allow cross currency receipts which now comes enabled by default.

    Also you need to make sure

    a)Exchange rates are defined.
    b)Cross currency Balancing account is defined for your Ledger.

    Hope this helps.Let us know how it goes.
    cheers
    Ramji
     
  3. yingsras

    yingsras Forum Advisor

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    Hi Ramji,

    Thanks for your answer.
    I have setup the Entered Currency Balancing Account in Accounting Setup Manager then I can apply muliti-currency receipt.

    Thanks,
    Ying
     
  4. Ramji

    Ramji Forum Guru

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    good man. This calls for a song!!!!!!!! yinga ringa roses! always finds the answers! :)
     
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