How does this affect me?
Users will be able to detect, calculate, and post realized foreign exchange rate variances when cash advances are issued in one currency and settled in another currency or on a different date. This feature will:
- Base cash advance settlements on the transaction currency.
- Calculate and post realized foreign exchange gains or losses.
- Ensure employee accounts net to zero after settlement.
- Improve visibility into exchange rate variances for financial reconciliation and auditing.
This message is for awareness, and no action is required.
If you would like more information on this feature, please visit Manage exchange rate variances in cash advance transactions.