How Missing Conversion Rates Are Applied to Invoices

The Apply Missing Conversion Rate process automatically applies conversion rates to foreign currency invoices or payments that have no conversion rate and a conversion rate type other than User.

If a foreign currency invoice is missing a conversion rate, then the invoice validation process applies a No rate hold, which prevents invoice accounting and payment.

Settings That Affect Applying Missing Conversion Rates

Run the Apply Missing Conversion Rates process when the Require conversion rate entry option on the Manage Common Options for Payables and Procurement page is disabled.

How Missing Conversion Rates Are Applied to Invoices

The Apply Missing Conversion Rates process uses conversion rate information from the Manage Daily Rates page to apply the conversion rates. The next time you validate the invoice, the No rate hold is automatically removed.