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How to update currency rates when a transaction is posted in a foreign currency?

  • Oct 27, 2022 1:42 PM UTC
  • 2 replies
  • 343 views

WiaPasanD
Sidekick (Partner)
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Hello,

 

I want to post a transaction (e.g. Supplier Invoice) in a foreign currency and before completing the transaction (e.g., before paying for the invoice) I want to update the currency rates and run one currency revaluation to see how the system posts unrealized gain/loss to the GL on open AP.

 

Could you please tell me how to update the currency rates?

 

This is to be conducted in Apps 10 environment.

 

Thank you!

Best answer by ShawnBerk

Go to Currency rates.

Load or search for the spot rate for that company.

Update the currency rate for the foreign currency to be transacted with a valid from date and save.

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2 replies

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  • Superhero (Customer)
  • Answer
  • Oct 27, 2022 2:36 PM UTC

Go to Currency rates.

Load or search for the spot rate for that company.

Update the currency rate for the foreign currency to be transacted with a valid from date and save.


WiaPasanD
Sidekick (Partner)
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  • Author
  • Sidekick (Partner)
  • Nov 9, 2022 12:12 PM UTC

Thank you @ShawnBerk!