Domestic/Foreign Debit

If this is a debit transaction for the domestic currency, enter the debit amount in the Domestic Debit field.

If this is a debit transaction for a non-domestic currency, you can enter the debit amount in either the Domestic or Foreign Debit field.

  • If the foreign debit amount is specified, the system automatically calculates the domestic debit amount based on the default exchange rate.
  • If the domestic debit amount is specified, and the corresponding foreign debit is 0.00, then the system automatically calculates the foreign debit amount based on the default exchange rate between the two currencies.
  • If the domestic debit amount is specified, and the corresponding foreign debit is not 0.00, then the system automatically recalculates the exchange rate based on the domestic debit amount and the corresponding foreign debit amount.

If this is a cancellation posting, as indicated by the selected Cancellation check box, then domestic and foreign amounts greater than zero are displayed using a negative-signed credit value.