Hi

Suppose i have entered a transaction in AR in USD and
now i can apply receipt - 50% in USD and rest of the 50% in CAD

Please advice
Thanks

1)
To be able to apply a receipt in one currency to one or more transactions in a different currency, set the system profile option AR: Enable Cross Currency to Yes.
You can define this profile option at the Site, Application, or User level.

2)
Also define Entered Currency Balancing account for your ledger.
When you create a cross currency receipt application, the resulting accounting entry consists of two currencies:
the entered currency and the functional currency.
The journal must be balanced in both currencies. Entered Currency Balancing account is used for this purpose.

Hi
In R12.1.2 i don't see this Profile option AR: Enable Cross Currency

i see this
AR: Receipt Application keep cross currency rate unchanged

please advice

Hi Hasan,

What do you mean by "Entered Currency Balancing account" ? There would be a Gain/Loss Account which is used for Translation - are you refering to that?

Thanks,

Arun

Yes, you are right, in all versions that are on 11.5.H patch or onwards (including R12), the profile option "AR: Enable Cross Currency" is assumed to be enabled. So you dont have to worry about it. Make sure you have enabled the foreign currency that you wish to use and your bank account setup supports multiple currencies.

Entered Currency Balancing Account is specified at Ledger level Using ACcounting Setups window.
In Oracle a journal must be balanced in both "entered currency" as well as in "functional/converted" currency.
When foreign currency is involved then entered currency might not be in balance (debits must be equal to credits).
Then Oracle inserts additional journal lines to balance the journal in entered currency. These additioanl lines do not have an impact on functional currency.
See the attached document for an example related to foreign currency bank reconciliation.