Payables
If you are using MRC with Payables, you must open and close periods in your primary set of books only. MRC automatically opens and closes periods in all of the associated reporting sets of books. You cannot close a period until you have posted all outstanding transactions to General Ledger in both your primary and associated reporting sets of books.
The AutoRate option allows you to postpone the specification of an exchange rate until the time of invoice approval. AutoRate is not supported for the reporting sets of books. Consequently, all General Ledger daily rates necessary for converting to the reporting currencies must already be defined in General Ledger at the time of invoice entry.
Note: The Required Exchange Rate Entry option in the Currency alternate region of Payables Options only applies to the primary set of books.
See: Autorate Program
Automatic Offsets
If you enable Automatic Offsets, Payables automatically balances invoice and payment distributions that cross balancing segments by creating offsetting entries for each balancing entry. However, these offsetting entries are not created in the reporting sets of books.
See: Automatic Offsets
See Also
Assets
Receivables
Purchasing
Projects
Cost Management
Special Considerations for Oracle Subledgers
