the system currency is an additional currency that is used parallel to the local currency is used. It is often used by subsidiaries whose head office reports in a different currency.
Furnishings:
- The system currency is displayed in the Company details is defined on the "Basic initialisation" tab.
- Important: After the first journal entry, it is no longer possible to change the system currency.
Function:
- Account balances are managed in both local currency and system currency.
- Reports like P&L, balance sheet and List of balances can be created in local currency, system currency or both currencies.
Prerequisites:
- Daily course maintenance: Exchange rates must be updated regularly, as balances are kept in both currencies.
- In addition to the local and system currency, vouchers and accounts can also be Foreign currencies be managed.
Exchange rate differences:
The valuation of Exchange rate differences is carried out on the reporting date to ensure correct values for open items and account balances.
The system currency facilitates reporting and consolidation in international companies, but requires precise maintenance of exchange rates.
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 ...
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 ...
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 ...
MariProject / Tool for e-invoicing
From 2025, companies in Germany will be obliged to receive and process e-invoices. The digital inbox book from MariProject ...
cks.eINVOICE -Addon for XRechnung & ZUGFeRD
From 1 January 2025, a significant change for companies in the B2B sector will come into force: the mandatory introduction of e-invoicing ...
GOBD and GOBD myths
The GoBD includes a large number of requirements designed to ensure that bookkeeping is correct and unalterable. This concerns both ...
IFRS & HGB with SAP Business One
HGB and IFRS pursue different objectives and approaches in accounting. While the HGB focuses on prudence, creditor protection and a narrow ...
Automatic journal entries in SAP Business One
Automatic journal entries in SAP Business One is one of the daily benefits that can be realised with every entry through the integration of the financial accounting ...
Links