Cross Currency Payment

[krishna.motupalli]

Hi Friends,

I am just quoting one example, my functional currency is INR. I have raised an invoice in USD can I make payment in EURO, is such facility available in Payables in any version including R12.

I thank to all those who give their valuable feedback regarding the above topic.


Regards,
Krishna

[Racle11i]

Hi,

You can raise Invoice In any defined currency with defined daily rates for the invoice date irrespective of Ledger currency,but when it comes to payment..Currency should match with invoice.no other alternative in payables r12.

Hope..this will help you..
Any other feed back on this..please welcome..

thanks

[krishna.motupalli]

Thank you very much...............

[krishna.motupalli]

Hi Rachel,

Thank you very much.....................


Cheers,
Krishna


[quote]Hi,

You can raise Invoice In any defined currency with defined daily rates for the invoice date irrespective of Ledger currency,but when it comes to payment..Currency should match with invoice.no other alternative in payables r12.

Hope..this will help you..
Any other feed back on this..please welcome..

thanks

<i><div align="right">Originally posted by Racle11i