Processing Multicurrency Nets

To process multicurrency nets:

For the AP Voucher Entry confirm that:
- You define the Curr (currency) field on the Invoice Information page with the convert into currency.
- You define the Payment Currency field on the Invoice Information - Payments: Payment Options page with the convert into currency.
Approve the AP Voucher, but do not post it.
For the AR Item Entry confirm that:
- You define the Control Currency field on the Group Control page with the convert into currency.
- You define the Currency field on the Pending Item 1 page with the convert into currency.
Post the AR vouchers using the Group Control - Group Action page. (You can post AR vouchers as they are not evaluated by the Net Close process.)
Run the Receivables Update process (AR_UPDATE).
Create a manual net using the Manual Netting pages, being sure to define the Netting Currency field with the convert into currency. When you complete creating the manual net, click Submit.
Approve the multicurrency net using the Review Multiple Netting page.
Establish voucher payment selection criteria for the pay cycle using the Payment Selection Criteria page.
Process the pay cycle and create the payment using the Pay Cycle Manager page.
Post the voucher using the Payment Posting Request page.
Run the Receivables Update process (AR_UPDATE) again to close the receivables nets.
Review the resulting accounting entry and payment information on the following pages:
- (AP) Voucher Accounting Entries
- (AR) Group Control - Accounting Entries
- Payment Control - Accounting Entries

Note:

Remember that any AP vouchers that are posted before the Netting Close process runs do not encounter the rounding analysis of the netting adjustment process. Their associated accounting entries are not adjusted.

Related Topics