Payments and foreign currency

Review bank entries, current accounts, foreign-currency accounts, rates, remeasurement and exchange differences.

A payment records an actual cash flow. For foreign currency, Boekhouden also retains the original currency amount and its value in the accounting currency.

Why and when is this relevant?

Use these topics when someone pays on behalf of the administration or when amounts, bank accounts or open items use another currency.

What does Boekhouden support?

Boekhouden separates original currency, applied rate, carrying amount and exchange result so each change remains traceable.

Guidance in this category

1 Configure bank accounts Connect a bank or broker cash account to its ledger account and choose the starting date for your checks. Read guidance →
2 Pay an existing balance liability Pay an existing salary, pension or payroll-tax liability without recording expenses again. Read guidance →
3 Record and pay dividends Record the dividend declaration and actual payments without creating new expenses. Read guidance →
4 Import CAMT bank statements Check statements and possible duplicates before importing their source data. Read guidance →
5 Link and process bank entries Connect a bank entry to existing postings or explicitly create the missing posting. Read guidance →
6 Check bank balance and completeness Compare the bank balance with the ledger without hiding missing statements or entries. Read guidance →
7 Current account Record a payment or receipt through a contact acting for or on behalf of the administration. Read guidance →
8 Foreign currency Distinguish accounting currency, transaction currency, original amount and carrying amount. Read guidance →
9 Foreign-currency accounts Link a bank, cash or other monetary account to one fixed foreign currency. Read guidance →
10 Exchange rates Record the foreign-currency amount and applied rate and understand the conversion direction used by Boekhouden. Read guidance →
11 Posting in foreign currency Post original currency amounts and their corresponding value in the accounting currency. Read guidance →
12 Foreign-currency positions and remeasurement Compare the carrying amount of an open monetary position with a closing rate on a selected date. Read guidance →
13 Exchange differences Understand the difference between realised and unrealised exchange gains or losses. Read guidance →

Common questions

How do I process bank statements?
When should I use a current account?
How does foreign currency work in one administration?
When does an exchange difference arise?

General ledger and reports

Set up accounts, post journal entries and read balances and results together.

Contacts and collaboration

Manage relationships, administration links, invitations, roles and ownership within the correct administration.