Course Differential Booking

In AbaNinja, foreign exchange differences that arise from payments in foreign currencies are now automatically cleared as soon as a payment is recorded for an invoice, credit note, or supplier invoice. Additionally, you have the option to manually clear foreign exchange differences. This manual option is available for liquid assets that are held in foreign currencies, such as bank or cash accounts.

Benefits:
The automatic or manual clearing of foreign exchange differences ensures that your accounting always shows correct values in CHF and that your balance is correct. You save time and avoid errors when converting and posting foreign exchange differences.

Automatic clearing of foreign exchange differences

• For customer invoices and supplier invoices, the foreign exchange difference is automatically cleared with the payment.
• The booking is made directly on the affected foreign currency account.
• Foreign exchange differences from customer invoices are posted to account 3806.
• Foreign exchange differences from supplier invoices are posted to account 4906.

Manual clearing of foreign exchange differences

• Switch to the corresponding foreign currency account (e.g. bank or cash).
• Click on "Action" (°°° – 3 dots) and select "Clear foreign exchange differences".
• After selecting this function, the automatic calculation and clearing of foreign exchange differences starts.
• After clearing, the "Current Value" (amount in CHF at the current exchange rate) and the "Effective Value" (amount in CHF based on the postings) are identical. The Effective Value is taken over into the balance sheet.

Notes and tips

• Once the foreign exchange rate adjustment has been made, this process can no longer be reversed.
• The exchange rate used is always the daily rate, which is stored in AbaNinja under "Settings > Accounting > Currencies".
• Use the automatic function to efficiently and error-free accounting. The manual option is recommended if you need to make special adjustments or postings.