In SAP Business One, companies can create a Local currency (mandatory for accounting purposes) and a System currency (e.g. for global branches). In addition, vouchers and accounts in Foreign currencies be managed.
Accounts and postings:
- Account definition:
- All currencies: Postings in local and foreign currencies possible. Balances are issued in local and system currency.
- Specific currency (e.g. USD): Bookings are made in the defined Foreign currencyg; balances are displayed in local, system and foreign currency.
- Document equalisation: Payments in foreign currency must be made in the same currency. Clearing in local currency requires a manual journal entry.
Price list and article prices:
- Up to three currencies per price list (main and two additional currencies).
- For foreign customers, the Business partner currency and the corresponding item price is used.
- Journal entries convert amounts in foreign currency into local currency in parallel.
Exchange rate differences:
- Realised differences: Automatic valuation for payment postings.
- Unrealised differences: Open items and foreign currency accounts are revalued at the closing rate.
- Proposals for difference postings in local currency are created, which can be confirmed or rejected manually.
Versino Financial Suite
the Versino Financial Suite automatisiert das Währungsmanagement in SAP Business One durch den regelmäßigen Import aktueller Wechselkurse der EZB. Sie ermöglicht korrekte Buchungen und Berichte in verschiedenen Währungen und erkennt Wechselkursdifferenzen automatisch. Dadurch werden internationale Geschäftsprozesse deutlich effizienter und transparenter abgewickelt.
SAP Business One and dealing with currencies
In today's globalised business world, dealing with different currencies is an unavoidable challenge for companies. SAP Business One, a ...
Travel expense report 2025
Travel expense accounting 2025 - digital processes instead of paperworkBusiness trips are a natural part of everyday life for many employees - unfortunately, the associated travel expense accounting ...
Loan postings in SAP Business One
There is no specific module for managing loans and loan bookings in SAP Business One. Nevertheless, companies, especially ...
ERP for discrete manufacturing - or why screws don't flow
Discrete manufacturing places special demands - not only on production, but also on the systems that support it. All ...
Secure liquidity with SAP Business One
Liquidity is like the air we breathe - only when it becomes scarce do we realise how vital it is. Especially ...
New features in SAP Business One 10.0 FP 2502
SAP Business One 10.0 FP 2502 adds numerous improvements, particularly to financial management, warehouse management and user-friendliness.
The cockpit of the Versino Financial Suite
The Financial Cockpit extends the financial management of SAP Business One. It has been specially developed to facilitate the management and analysis of ...
Financial accounting 2025 - information & changes
Stay informed! Numerous changes affecting financial accounting will come into force at the turn of the year 2024/2025. We give you a ...
E-bill 2025 FAQs
However, it also raises many questions: What legal requirements apply? Who is affected and what exceptions are there?
Archiving of e-invoices
What you need to look out for from 2025 The digitalisation of invoicing processes is progressing steadily, and from 1 January 2025 ...