Understanding Payment Groups in a Foreign or an Alternate Currency

Before you write payments, you must create payment groups using the Create Payment Control Groups program. For foreign and alternate currency payments, you use processing options to group vouchers by:

• The bank account assigned to the voucher or an override bank account.

• The payment currency (domestic, foreign, or alternate).

• The payment instrument.

By grouping vouchers in this way, you can create a payment group that includes different currencies and bank accounts. Additionally, you can create payment groups and pay them from a bank account that deals specifically in a foreign or alternate currency.