Understanding Domestic Currency Receipts

A domestic currency receipt is a receipt that is in the same currency as the base currency of the invoice.

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

• Apply a USD receipt to the domestic amount of invoice 221 (USD).

• Apply a USD receipt to the domestic amount (USD) of invoice 222 (EUR).

The currencies for the invoices are:

• Invoice Number: 221

  Domestic currency of invoice: USD

  Foreign currency of invoice: None

  Domestic currency of receipt: USD

• Invoice Number: 222

  Domestic currency of invoice: USD

  Foreign currency of invoice: EUR

  Domestic currency of receipt: USD

The receipts, which are in the base currency of the company (USD), pay the domestic amount of the invoices, even though one of the invoices has a foreign amount (EUR).

The system does not calculate a realized gain or loss on domestic currency receipts.