Translation differences (SAP Business One)

This feature of SAP Business One is applicable for companies whose System currency to move away from the Local currency differentiates. SAP Business One can recommend whether and which journal entries should be created automatically to reflect changes in the system currency. The Calculate translation differences function makes adjustments between account and business partner balances in system currency and balances in account/business partner currency.+

function in SAP Business One:

Relevance for companies with a different system currency to the local currency.
SAP Business One recommends automatic journal entries to correct the differences.
Function accessible via: Finance → Translation differences.

Calculation procedure:

In the window "Conversion differences - selection criteria" selection data is defined.
After execution, the system displays recommended journal entries to correct the differences.
Recommended transactions appear in the window "Recommendations for conversion difference transactions".

Processing and authorisation:

Each proposed booking must be authorised manually ("Yes" column).
A difference posting is generated for each authorised line.
Transaction details such as reference, code and notes can be added.
Notes include exchange rate, currency and value date.

Important fields in the report:

Code, name: Account or business partner.
Balance (SW): Balance in system currency.
Balance (AC): Balance in account or card currency.
Cross-course: Exchange rate between the currencies.
Difference: Value in system currency to adjust the balance.

Further settings:

In the general settings under Administration → System initialisation → General settings can be used to determine whether exchange rates are quoted directly or indirectly.
This setting influences the calculation of conversion differences.
in the Dunning you can define whether the original or current exchange rate is taken into account.

Relevance for foreign currency transactions:

SAP Business One supports transactions in multiple currencies.
This function is particularly important for internationally active companies with different customer or supplier currencies.

Summary:

Die Berechnung und Behandlung von Umrechnungsdifferenzen in SAP Business One ist ein zentrales Werkzeug zur Sicherstellung einer korrekten Buchhaltung bei Fremdwährungstransaktionen. Die Funktion ermöglicht eine gezielte Analyse, empfiehlt automatische Korrekturbuchungen und unterstützt Unternehmen bei der bilanziellen Anpassung ihrer Salden. Die Versino Financial Suite erweitert diese Funktionen deutlich durch Automatisierungen und übersichtlichere Analysen.