Foreign Currency Recurring Journals in R12
Posted: Mon Dec 28, 2009 12:25 pm
Hi,
We make certain advance rent payments in foreign currencies (USD, EURO) to suppliers for few of the rented premises at the start of the year. These payments are than amortized over the next 12 months.
I am able to generate amortization entries at monthly intervals using recurring vouchers. However, the FCY amount is converted to functional currency at the last day exchange rate. What we would like to do is to convert all the amortization entries at a fixed rate which is usually the rate of the first month entry.
Has anyone implemented such solution. Any help is highly appreciated.
Regards
We make certain advance rent payments in foreign currencies (USD, EURO) to suppliers for few of the rented premises at the start of the year. These payments are than amortized over the next 12 months.
I am able to generate amortization entries at monthly intervals using recurring vouchers. However, the FCY amount is converted to functional currency at the last day exchange rate. What we would like to do is to convert all the amortization entries at a fixed rate which is usually the rate of the first month entry.
Has anyone implemented such solution. Any help is highly appreciated.
Regards
