Use this window to define currency-related information.
Note
The settings displayed in this window depend on the localization of the SAP Business One application that you are using. Not all settings are relevant for all localizations.
Select the local currency. The currencies defined in SAP Business One are available in the list. To define a new currency, select Define New. |
SAP Business One can manage all transactions in a system currency parallel to the local currency. Select the required system currency from the list. To define a new currency, select Define New. If defining a system currency that is not identical to the local (national) currency, the system currency can be used as the reporting currency. For example, the corporate group requires a different reporting currency from the national currency. Also define a daily exchange rate for the system currency. Every document, and all reports and balance sheets are posted in the database in both currencies. If you do not have a reporting requirement in another currency, set the system currency to your local currency. |
Determines the default account currency for new accounts:
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Determines the display of exchange rates in SAP Business One. The exchange rate values are always saved in the system according to the direct rate. The indirect rate is for display use only. This setting affects the calculation that you use to enter the exchange rates in the Exchange Rates and Indexes window.
Note This setting is updated per company, for all users, after the next logon, but cannot be changed after transactions are recorded in the company. End of the note. Example The local currency is the US dollar and the foreign currency is the Canadian dollar. Today's rates are USD 1 = CAD 2. If you chose the Direct option, then on the Exchange Rates tab of the Exchange Rates and Indexes window, you would enter 0.5 as today's rate for the Canadian dollar rate. If you chose Indirect, to indicate how many Canadian dollars are in one US dollar, you would enter 2 as today's rate for the Canadian dollar rate. End of the example. |
Select to display credit balances with a negative sign. According to the default settings, debit balances are displayed with a negative sign. This option cannot be changed after postings have been created in SAP Business One. This setting influences the entry of beginning balances for the G/L accounts and business partners. Depending on this setting, the opening balances must be entered as positive or negative numbers. We recommend accepting the default setting, as this reflects the local requirements. |
Note This field is not available for the Brazil and Israel localizations. End of the note. Selecting this option results in journal entries where the reversal is booked with negative amounts. If you do not select this option, the journal entry of the reversal is booked using a debit/credit switch. This setting can be changed at any time. Example A return or credit memo with a positive document total is booked with negative amounts. A cancellation document of a delivery with a positive document total is booked with negative amounts. However, a cancellation document of a return with a positive document total is also booked with positive amounts. For more information about canceling marketing documents, see Canceling Documents with Cancellation Documents. End of the example. |