Understanding Domestic Currency Payments

A domestic currency payment is a payment that is in the same currency as the base currency of the voucher.

In this example, the company base currency is CAD. You can:

• Issue a CAD payment to pay the domestic amount of voucher 221 (CAD).

• Issue a CAD payment to pay the domestic amount of voucher 222 (EUR).

Review the currencies of the following vouchers:

• Voucher number 221

  Domestic currency for voucher: CAD

  Foreign currency for voucher: CAD

  Domestic currency payment: CAD

• Voucher number 222

  Domestic currency for voucher: CAD

  Foreign currency for voucher: EUR

  Domestic currency payment: CAD

The payments, which are in the base currency of the company (CAD), pay the domestic amount of the vouchers even though one of the vouchers has a foreign currency amount (EUR). The system does not calculate a gain or loss on domestic currency payments.