Organization Specific Rate Type to Generate Accounted Amounts for Batch-Based Intercompany Transactions

Generate accounted amounts in the ledger currency using a currency conversion rate type specific to an intercompany organization when batch-based intercompany transactions are transferred to General Ledger or Receivables and Payables for invoicing. This supports using country-or region-specific rate types to conform to the respective treasury and regulatory jurisdictional policies.

When an intercompany transaction is transferred to General Ledger or Receivables and Payables, system will use the rate types for conversion in the following order of precedence.

System Options
Transaction Type
User defined rate type for an Intercompany Batch
Organization Specific rate defined for an Intercompany Organization

Use the Intercompany Organization set up page to define the organization specific rate type. In the below example, rate type is defined only for Singapore Intercompany organization due to country specific requirements.

Intercompany Organization Set up UI

Appropriate rate type thus determined during the transfer process for provider and receiver organization respectively are displayed at the distribution details section of Intercompany Transactions page. Intercompany transaction displaying rate type at the distribution level

Intercompany transaction displaying rate type at the distribution level

Business benefits include:

Enables businesses to apply different currency conversion rate types for generating accounted amounts for provider and receiver side. This supports using country-or region-specific rate types to meet the regulatory requirements.

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Financials

Key Resources

For more information on configuring and using Organization Specific Rate Type for Generating Accounted Amounts for Batch-Based Intercompany Transactions, refer to the Implementing Intercompany Set Up and Using Intercompany Transactions sections in the Implementing Enterprise Structures and General Ledger, and Using General Ledger guides respectively from the Help Center.

Access Requirements

You don't need any new privilege to use this feature.