Cross currency payment in Oracle Fusion Financials Payment work Bench

Posted by Vamshikrishna under Oracle on 1/16/2018 | Points: 10 | Views : 428 | Status : [Member] | Replies : 0
In Oracle Fusion cross-currency payment option available in the previous version (Oracle Apps R12 And 11i ) this option is not available. It is one of the new future in Fusion Account Payables.

What Is Cross Currency Payment?
System allowed pay invoices in any currency, irrespective of the currency on the invoice.
For example, Invoice Created In INR If you want to pay USD system will allow making the payment
• while Creation Of invoice, you can manually select the payment currency, irrespective of the invoice currency.
While Making payment creation, based on exchange rates converts the invoice amount to the payment amount.

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