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Topic

    Ravi Upadhyayulla
    Per Diem policy - change rate
    Topic posted December 21, 2018 by Ravi UpadhyayullaBlue Ribbon: 750+ Points, last edited February 6, 2019, tagged Expenses, Financials, Fusion, Payables 
    140 Views, 1 Comment
    Title:
    Per Diem policy - change rate
    Summary:
    Per Diem rates change
    Content:

    Hi,

    Unions negotiate rates mid year and the rates are to be effective Jan 1.

    For example we have all meals per diem as 75 per day for 2018 and we get the information that the rates are changed on June 1, 2019 but the rate effective date is January 1, 2019.

    Is the only option to create 2 policies and manage the effective dates when we assign the policy to expense type (making sure the overlap dates)

    Or is there any better way to hand such situation.

    Thanks

    Ravi

    Comment

     

    • Jyoti Pandey

      After policy parameters are specified, you define rates. You could have different rates by specifying different Start and End Dates based on when the new rate should become effective. Please see examples in the documentation-

      https://docs.oracle.com/en/cloud/saas/financials/18b/faiex/expense-policies-and-rules.html#FAIEX1447794

      E.g. Completing the Accommodations Rate Spreadsheet, Completing the Meals Rate Spreadsheet etc.