Exchange rates

Step by step

1. 1The currency fields you see depend on the posting workflow and the selected currency.
2. 2For sales, receipts and refunds, enter only amounts that are still needed. For a conversion that is not yet known, choose the accounting-currency value or a manual rate. Boekhouden calculates the exact ratio and retains your input method. Source and Observed at are not requested here. A later payment does not change the original sales rate.
3. 3When you first record a direct sale or existing invoice together with its full receipt on the same date and in the same foreign currency, you share one conversion of the document total including VAT. Value the receipt differently lets you explicitly enter a separate receipt value. After posting, the document and receipt remain independent entries.
4. 4For purchases, workflow-dependent currency details can also include your rate source and observation time. The date/time field identifies UTC; display does not change the recorded instant.
5. 5On a manual journal line, the visible currency fields are limited to the original currency, foreign-currency amount and applied rate.
6. 6Choose the applicable input method. Use a rate suited to the transaction or valuation date and apply your chosen method consistently.
7. 7Check the converted amount in the accounting currency and correct an inverted rate before posting.
8. 8Boekhouden does not retrieve a current or historical rate automatically and does not select a rate source for you.

What is on the screen?

• Sales: amount, converted value or manual rate; Purchases: workflow-dependent currency evidence
• Manual journal line: original currency, foreign-currency amount and applied rate
• Converted amount in the accounting currency

What happens next?

Boekhouden retains the currency details used for the posting. You remain responsible for a suitable rate and a consistently applied rate method.

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