Cross Currency Offset
Enables single debit bills to be offset against multiple credit bills in currencies other than the bill selected for offset and vice versa. Cross-currency offset enables you to offset credit/debit bills with different currencies. You can add credit/debit bills to the debit/credit bill added from Account Receivable Central. After you add a debit bill from Account Receivable Central, you cannot add more debit bills to the offset request. While offsetting the credit/debit amount across multiple bills, the oldest bill is offset first.
The C1-OFFSUBENT algorithm validates whether the sum of debit offset amount is equal to sum of credit offset amount for all bills selected in the offset request. After validation, status of the offset request changes to Processed or Approval In Progress depending on the configuration of the offset request type.
| Bill Information | Outstanding Amount | Outstanding Amount (in Offset currency) | Offset Amount | Remaining Bill Balance | Comments |
|---|---|---|---|---|---|
| Bill 1 | $300 | $300 | -$130.1 | $169.9 | Outstanding amount $300 is offset against $130.1 (£100). (Exchange rate: 1£=1.3$) |
| Bill 2 | -£100 | -$130.1 | $130.1 | 0 | Outstanding amount £100 ($130.1) of Bill 2 is offset against $300 from Bill 1. |