Payables & Cash Management

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Topic

    Pritish Ramlugun
    Amotization in Payables fusion
    Topic posted August 6, 2018 by Pritish RamlugunBlue Ribbon: 750+ Points, last edited January 30, 2019, tagged Financials, Payables 
    61 Views, 1 Comment
    Title:
    Amotization in Payables fusion
    Summary:
    Concept of amortization
    Content:

    Hello Friends,

    I have come across something which i find bizarre. When we are amortizing in Accounts payables, the system is taking the exchange rate at the receipt level whereas to my knowledge it should be taking the exchange rate at the invoice level. As such, system is creating ERV lines which are not correct. What is the proper concept of Amortization in fusion?

    Pritish

    Comment

     

    • Becky Alvarez

      Pritish,

      I did some research on this issue and found that there is a bug logged for this and development is working to resolve the issue and pull the exchange rate from the Invoice.  They are working to get the fix out in the Q4 patch bundle or the Q! 2019 patch bundle at the latest.