Issue- PPR giving error for foreign currency invoice

Issue- PPR was giving error “The disbursement bank account is not set up for this combination of currency and business unit, or is invalid on the date of the payment” for foreign currency invoices

 

 

Analysis: Invoice was in USD currency & business unit was china “BU currency was CNY” while the disbursement bank account currency was CNY. And the “Multicurrency account” option was not enabled for the disbursement bank account.

 

 

Enabled Multi-currency option on the disbursement bank account

 

 

Issue got resolved by enabling multi-currency option for the CNY account.

Note:  You can pay from ledger currency account into foreign currency. But cannot pay from foreign currency account into ledger currency.

Example: Suppose Business unit is Hong Kong and its currency is HKD:

    You cannot make the payment of HKD invoice in HKD books from a bank account in currency “For exp: USD” other than HKD. This account can not be enabled for Multi-Currency.

    You can make the payment of any currency “For exp: USD, CNY, GBP” in HKD Books from a HKD account provided it is enabled for Multi-currency payment Which is not the case as of now. 

Business unit & disbursement bank account currency should be same, although invoice may be in foreign currency. Which can be paid in foreign currency from disbursement account having currency same as BU currency.