Record/pay USD Vendor from USD bank account where Invoice Date and Payment Date are in different months
When paying/recording USD invoices from a USD bank account the system will automatically generate the FX gain/loss entries if the invoice date and payment date are in different months. You should not change any rates in the system and allow PeopleSoft to use the AVG (PEG) rates.
Example Scenario 2
Assume you are processing a USD Vendor invoice from USD bank account where the Vendor has specified the conversion rate. This may be due to tax reasons (the amount of the VAT/GST must be in local currency) or with prior agreement with the vendor.
When entering USD invoices from USD bank account you may need to specify the VAT/GST amount in BASE currency according to conversion rate on the invoice. In this situation, the Voucher conversion rate MUST be entered to match the conversion rate on the invoice.