General

Enable Exchange Rate Validation on Update

Enter Y to cause the system to validate whether the exchange rate at the time that you created the payment group is the same as the exchange rate at the time that you run the Update process for the payment group. The system runs the validation only for vouchers that are in a foreign currency.

If you enter Y to validate the exchange rate and the rates are different, the system displays an error message and does not process the update. You must modify the exchange rate date for the Update process and reprocess the payment group.

If you leave this processing option blank, the system does not validate the exchange rate, and you might have different exchange rates in effect when you create payment groups and when you update payment groups. If you have different exchange rates, the system creates a record in the Accounts Payable Matching Document Detail table (F0414) with a document type of PG for the difference in the payment amount caused by the difference in the exchange rate. The system updates the F0411, F76B0411, and F76B4017 tables using the exchange rate that was in effect when you created the payment group.