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Invoice Inquiry Definitions

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Paying Invoices in Foreign Currency

Invoices to be paid in foreign currency do not get matched against the purchase order (currency on a PO cannot be changed). The purchase order should be created in US Dollars based on your best estimate of the current exchange rate. AP enters the information into the foreign draft system to process a check and creates a journal entry to charge the account used when the PO was created. The journal entry in BEN Financials can be used as a record of the transaction.

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Fast Facts


FastFacts are useful tips about BEN Financials. To see a complete FastFact, click MORE. To view all of the FastFacts click on 'FastFacts' from the left navigation column.
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