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Is Foreign currency invoice can be paid in local currency in Account Payable??

Discussion in 'Oracle Financials' started by bubere_muzammil, Apr 14, 2012.

  1. bubere_muzammil

    bubere_muzammil Active Member

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    Hi All,

    I am new to oracle and want to know;
    if in Oracle AP invoice booked in foreign currency can be paid in local currency? (e.g. Invoice booked in USD and payment issued in AED).

    Awaiting valuable feedback.
     
  2. Ramji

    Ramji Forum Guru

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    Muzammilbhai,

    In Oracle Invoiced Currency and Payment Currency should be the same. A common work around for this is to pay from a multicurrency internal bank account and under it define payment documents for each currency and pay from it.

    Hope this helps.
    cheers
    Ramji
     
    bubere_muzammil likes this.
  3. arindamcity

    arindamcity Active Member

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    It's not poosible because when you entered invoice in payable invoice workbench and saved it after that when you go to payment workbench through pay in full or manually select that specific invoice then automatically took that currency.(by default)

    ARINDAM
     
  4. Ramji

    Ramji Forum Guru

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    Dear ARINDAM,

    I would not go to my grandpa and tell him he does not know to suck! :) If he did not know then I would not be around. LOL
    Please read my reply especially the first part. Nobody talks of Pay in full etc. The solution given is something used for ages in 11i.
    cheers
    Ramji

    PS: I just happened to check mail and felt compelled to reply. I shall respond next week.
     
  5. bubere_muzammil

    bubere_muzammil Active Member

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    Hi All,

    Thanks for valuable feedback; and apologies for delayed response.

    support team has resolved the issue by adding DFF field. So now i can pay USD/Foreign currency invoices into local currency.
     

    Attached Files:

  6. ades

    ades Guest

    Please inform us with the steps for this DFF ??
    Best regards,,,