Automatic Receipt Drafts in a Foreign Currency

Automatic drafts are also called pre-authorized drafts because they do not require customer acceptance. You and the customer agree in advance that the customer will pay with a draft.

You create automatic drafts by running the A/R Batch Draft Creation program (R03B671). When you create automatic drafts, the system processes them in the transaction currency of the invoice. If the transaction currency is foreign, the system processes the draft in the foreign currency.