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.
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