Entering the Vendor Exchange Rate


	Previous	Next		Contents	Index	Glossary	Library

Entering the Vendor Exchange Rate

Use the globalization flexfield in the Invoices window to enter the vendor exchange rate in online invoices to calculate the vendor tax amount for foreign currency invoices.

The gain/loss in the tax amount for foreign currency invoices is the difference between the inhouse tax amount using the inhouse exchange rate and the vendor tax amount using the vendor exchange rate that you enter here. A manual journal entry is posted to the General Ledger to incorporate the gain/loss.

Use the Gain/Loss on Input Taxes report to view the difference in tax amounts on all foreign currency invoices. See Gain/Loss on Input Taxes Report for more information.

To enter the vendor exchange rate:

1. Navigate to the Invoices window (Oracle Payables: Invoices > Entry > Invoices).

2. Query or enter the invoice that you want.

3. Navigate to the globalization flexfield. For instructions, see Using Globalization Flexfields.

4. Enter the vendor exchange rate for the foreign currency invoice.

5. Save your work.

Contents

Index

Glossary

Library