How to Calculation the Exchange Rates Difference

Used when you maintain foreign currency (FC) business partners or chart of accounts. In SAP Business One, the bookkeeping always using the local currency (LC). Daily fluctuations in foreign currency (FC) exchange rates may cause mismatches between the balances in foreign currency (FC) and local currency (LC)

SAP Business One provides recommendations for executing exchange rates difference periodically, and this always doing at the end of the month and year.

To do the exchange rate difference, follow these steps:

1. In the SAP Business One main menu, select the ‘Finance’ menu → select the ‘Exchange Rate Difference’
2. In the Exchange Rate Differences – Selection Criteria, Complete the required information.
3. You can calculate the difference in exchange rates based on a business partner or G / L account.
4. Execute
   

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5. In the ‘Exchange Rate Difference’ window, ticked the account that will be calculated
6. Click ‘Add’
   

   SAP-Business-One-Tips-STEM-How-to-Calculation-the-Exchange-Rates-Difference

7. SAP Business One will automatically post the journal entry of this activity in accordance with predetermined information.

Also read:

• Calculation of Distribution Method in Freight
• Item Cost Calculation Method in The Perpetual Inventory System SAP Business One
• Automatic Discount Calculation
• SAP Business One Inventory Counting X Stock Count Apps (Importing Counting Results from Stock Count to SAP B1)
• Cancel Landed Cost Document