MultiCurrency Foreign Currency Bank Account

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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muzaffarnaim
Posts: 66
Joined: Fri Dec 15, 2006 4:59 pm
Location: USA

MultiCurrency Foreign Currency Bank Account

Post by muzaffarnaim »

Hi,

Is it possible to create foreign currency account as a multi currency account for payments and receipts? My understanding was you can't; but in my current company in UK; they setup USD as a multi currency account in 2001(year i am mentioning here because in the older version it might be possible if you knw about it) and processing even non-USD payment through that account. Does anyone has an idea if it is possible or not?

Muzaffar
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oteixeira
Posts: 451
Joined: Wed Aug 27, 2008 12:34 pm
Location: Portugal

Post by oteixeira »

Hello Muzaffar.

Yes, it is possible. When defining the Ban Account, go to Receivables Options block and check the Multiple Currency Receipts checkbox and in the Payables Option check the Multiple Currency Payments.

Octavio
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