In the Currencies (CM202000) window, you should specify the General ledger accounts that
should be used to record the realised gains or losses.
A realised gains or losses
can be calculated for the following documents:
- A Supplier ledger document: When payment in a foreign currency is
issued.
- A Customer ledger document: When payment in a foreign currency is
received.
When a payment is issued for a purchase invoice or received for an Customer ledger document, the exchange rate of the document is compared to the exchange
rate on the date of settlement or the exchange rate of the payment (if currency rate
overriding is allowed).
The realised gain or loss is then posted to either the
realised gain account or the realised loss account.
The following calculation rules are applied:
- If a payment is issued in the same currency as the currency of the document, the
realised gain or loss is calculated in the base currency as the difference in
exchange rates multiplied by the document amount.
- If a payment is issued in the currency other than the currency of the document,
the realised gain or loss is calculated as the amount of the payment in the base
currency (calculated using the exchange rate specified for the payment) minus
the original amount of the document in the base currency.
In Visma Net, direct rates between foreign currencies and the base currency rates with
respect to foreign currencies are used only for translations.