Domestic/Foreign Credit

If this is a credit transaction for the domestic currency, specify the credit amount in the Domestic Credit field.

If this is a credit transaction for a non-domestic currency, you can specify the credit amount in either the Domestic or Foreign Credit field.

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

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