That Currency loss account in SAP Business One recognises losses from Exchange rate fluctuations for foreign currency transactions. The Versino Financial Suite supports this process by automatically recognising exchange rate differences and posting them to the currency loss account accordingly. The currency loss account provides a transparent presentation of the effects of currency fluctuations on the company's finances.
Functions and use
- PurposeRecognition of losses if the exchange rate at the time of payment is less favourable than at the time of invoicing.
- automationExchange rate differences are recognised in the poll of G/L accounts in foreign currency are posted automatically.
- Account findingThe account for exchange rate losses is defined in the account determination settings.
Characteristics
- TypeExpense account in the chart of accounts.
- SettingsIn the "Exchange rate differences" window, accounts, key dates and other parameters can be defined for the valuation.
Two free webinars in July: Experience the Versino Financial Suite live
In 90-minute sessions, we'll show you practical ways to harmonise, streamline and automate your accounting in SAP Business One….
E-Invoicing 2026: What is changing now for SMEs and SAP B1 users
The e-invoice has moved beyond the theoretical IT project phase. Since January 2025, the obligation to receive e-invoices applies to all domestic companies — ...
Netting in SAP Business One: What makes the Versino Financial Suite different
When a business partner is both a customer and a supplier, that sounds like a comfortable situation. You know each other, you trust...
Trial Balance in SAP Business One: What the Versino Financial Suite does differently – and why tax advisors notice
The Trial Balance is one of the oldest reports in accounting. Every accounting program has it, and SAP Business One itself...
Versino Financial Suite Version 05.2026: What's Changed
Version 05.2026 of the Versino Financial Suite brings two innovations that directly target time loss and system limitations in daily...
E-Invoicing 2026: From Receipt to Mandatory Issuance — what SMEs must clarify now
From 1 January 2025, every B2B company in Germany must be able to receive electronic invoices — regardless of turnover. One and a half years...
Links