Booking in foreign currency

In the Accounting > Bank Statement section, you can record both automatic and manual entries in foreign currencies. AbaNinja supports exchange rates for the most important currencies such as Euro (EUR) and US Dollar (USD). The rates are automatically updated once a week via an interface to the European Central Bank and can be viewed under Settings > Accounting > Currency.
With a paid subscription, you can also record and store your own manual exchange rates for various currencies.

Benefits

• You can easily and correctly post payments, customer and supplier invoices in foreign currencies.
• Automatic rate updates ensure up-to-date and correct conversions.
• With the Advanced Accounting module, you are flexible and can use individual rates.

Manual entry

• When you make a manual entry on a foreign currency account, the system automatically displays the current exchange rate.
• You can manually overwrite this rate if necessary, for example, to use a daily or individually agreed rate.
• The conversion takes place directly upon entry and the corresponding amount is automatically calculated.

Automatic entry

• For payments, customer or supplier invoices in foreign currency, the booking is made automatically.
• If an exchange rate is stored in the settings, the amounts are automatically converted and posted.
• You can see the exchange rate used and the converted amount in the Bank Statement or Journal. To do this, move the mouse over the corresponding amount.

Tips and hints

• Regularly check the stored exchange rates under Settings > Accounting > Currency to ensure that the most up-to-date rates are always used.
• For maximum transparency, you can always view the rate used in the Bank Statement or Journal by moving the mouse over the amount.