Prerequisites

• Define rates in the GL Daily Rates Table. See: Entering Daily Rates.

• Disable the Require Exchange Rate Entry Payables option. See: Payables Options.

• Enable the Use Multiple Currencies Payables option. See: Payables Options.

• Enable the currencies you need in the Currencies window. See: Currencies Window, Oracle E-Business Suite System Administrator's Guide.

To enter a foreign currency invoice exchange rate with AutoRate:

1. In the Invoice Workbench, enter all basic invoice information, including the Invoice Currency, and the Invoice Amount expressed in the foreign currency. See: Entering Basic Invoices.

   Before entering distributions or matching the invoice, proceed with the next step:

2. In the Exchange Rate region, select the Type of exchange rate you want to default, such as Spot or Corporate.

   Optionally change the Rate Date, which defaults from the invoice GL Date.

   Leave the Rate field empty.

3. Complete processing the invoice and save your work.

4. Before you validate invoices, submit AutoRate from the Submit Request window to have Payables automatically default exchange rates to foreign currency invoices without exchange rates. If you do not run AutoRate before Invoice Validation, Payables will apply No Rate holds to all foreign currency invoices without exchange rates. No Rate holds prevent you from paying and creating journal entries for those invoices.