Environments with frequently changing exchange rates need adjustments to account balances in one or more currencies. This is achieved by entering amounts for specific currencies directly in the app – Post currency adjustments. Many a times users would want an authorized person to review the currency adjustments before posting. With 2005 release, there is a new app Verify Currency Adjustments - For Requester to submit a request for verifying the currency adjustments.
The Verification workflow for currency adjustments involves the following apps:
In this blog I would take you through a simple end to end process for the requester from the creation of the workflow till the notification of currency adjustments posting.
Let’s start with creation of New team and responsibilities in app - Manage Teams and Responsibilities for Journal Entry Verification - In General Ledger. Please find app help here.
**You can create your own functions via configuration step Define Functions in App - Manage your solution.
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As a next step, Let's create a new workflow for Currency adjustment, Please find the app documentation here.
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As the workflow is activated, you can now initiate the review process for currency adjustment. Please find the app documentation here.
The Journal entry is submitted for verification. an authorized processor will check the entry in the app - Verify Journal Entries in General Ledger - For Processor (Inbox) and will approve or reject the entry same as in Journal entry workflow process. The Requester is notified back with the status.
Requester can see the details in the app Verify Currency Adjustments - For Requester.
Thank you, Anshu
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