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Funds Transfer from a Foreign Currency Bank is Not Supported

by Jason Arsenault

Problem Details:

When processing a funds transfer from Cash Management à Funds Transfer the following message is displayed.

Error validating form data.  Funds transfer from a foreign currency bank is not supported. Please select a different bank account.

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Solution:

Go to Cash Management / Open Setup / Configure Cash Management, make sure that Allow creating, editing and deleting foreign currency transactions is set to on.

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The transfer must be entered through General Ledger à Journal Entry, noting the difference between the Transaction Currencies so that you make sure that the base currencies balance. Post the journal entry to complete the transfer between the banks.

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