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user rate primary currency ledger

Discussion in 'Oracle Financials' started by Grant69, Nov 28, 2011.

  1. Grant69

    Grant69 Active Member

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    Perth WA

    Is it possible to enter a user rate in the primary currency ledger that will be used for the conversion in the reporting currency ledger? For example:

    In the primary currency ledger (AUD) a user enters journal lines in the primary ledger currency for $100. Instead of using of using the corporate rate to determine the conversion in the reporting currency ledger (USD) is it possible for a user rate to be entered in primary currency ledger to drive the conversion. Say the corporate rate is 1.03, the reporting currency amount would be $103.00. But the reporting currency amount needed to be $105.00 could a user rate be entered to get the desired amount.

    We are on R12.1.2