An account used to record currency losses resulting from a negative change in the exchange rate.

Finance in SAP Business One
Financial accounting in SAP Business One contains the entries that are required by law and enriches them with ...
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Year-end closing in Germany
The annual financial statement work is one of the most important requirements for analysing the development of a company. Therefore, before auditing the ...
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New Year in SAP Business One
Every year the turn of the year in SAP Business One is coming up. Anything you only do once a year is...
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Versino Financial Suite (DATEV ADDON) – More than you think
Initially "only" a bidirectional interface to DATEV finance was planned. But when we talked about this development with more and more ...
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Apply accruals correctly
Accruals and deferrals are an essential accounting task when it comes to the period-end closing, for example when preparing the annual financial statements...
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Financial consolidation with SAP Business One
Taken by itself, the term "consolidation" simply means that one brings a certain fact into context. In the world ...
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Balance confirmation in SAP Business One
A balance confirmation makes it possible to check the correct amount of receivables and payables to your business partners. With the Versino...
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Incoming invoice processing (ERV) in trend
Manually entering and processing paper-based invoices is a time-consuming and costly process in accounts payable...
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Quick start to finance
A new reference book on SAP Business One (B1) has been published. With "Quick Start in SAP Business One - Finance" all ...
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Accounting for startups
At the beginning there is the outstanding idea and/or the unique selling proposition that promises big profits. After founding the start-up, there is ...
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The finance module - heart of the ERP software
The financial module of an ERP software is the component that performs almost all of the most important accounting and financial management functions of a company within the ...
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Apply the final calculation correctly
Sectors such as plant engineering or the construction industry usually provide contractually agreed services over a longer period of time. The client will...
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What IT companies should consider when converting VAT
The fact that the upcoming conversion of VAT will not be as easy for companies to handle as it was announced should ...
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The German Association of Tax Advisors reacts to the reduction in VAT rates
In a lengthy statement, the German Association of Tax Advisors commented on the temporary reduction in VAT rates. The content of the text...
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Reduction of VAT 2020
The reduction in Value Added Tax (sales tax) is a measure to mitigate the economic impact of the Corona crisis that has taken many by surprise. Formal...
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GoBD 2020 for archiving receipts
The GoBD, especially the archiving of documents, has already undergone some changes since January 2020. The principles of proper management ...
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Cash flow in companies explained
If a company finds itself in economically difficult waters, it is the first and foremost task of the company management to control the flow of money or...
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Secure accounting with software
From a ten-man operation to a large corporation? All companies have one thing in common: the legal requirements that require orderly accounting ...
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Understanding accounting: the annual financial statements
The annual accounts of a company provide an overview of all profits and losses of the past financial year. Business accounting tool...
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Understanding accounting: profit and loss statement (P&L)
In addition to the balance sheet, the income statement is an important report within a company's annual financial statements. In this report, yields ...
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Understand bookkeeping: totals and balance list (SuSa)
A totals and balances list provides a list of all accounts posted within a selected period. It includes all accounts with...
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