In AbaNinja, exchange rate differences have recently been derecognised automatically as soon as a payment is entered for an invoice, credit note or supplier invoice.
However, you now also have the option of derecognising the exchange rate differences manually. This option is available for liquid assets that are managed in foreign currencies, such as bank accounts and cash accounts.
Automatic derecognising of exchange rate differences
For customer invoices and supplier invoices, the exchange rate difference is immediately carried out with the payment, and accordingly a entry is made in the relevant foreign currency account.
Exchange rate differences arising from customer invoices are entered in account 3806,
Exchange rate differences arising from supplier invoices are entered in account 4906.
Manual derecognising of exchange rate differences
Switch to the corresponding foreign currency account and select via Action (°° 3 dots) the function Derecognise foreign currency exchange rate differences. As soon as this function is selected, the automatic calculation starts.
As soon as the derecognisation takes place, the actual equivalent value (amount in CHF at the daily rate) and the effective value (amount in CHF based on the bookings ) are the same, the effective value is transferred to the balance sheet.
NOTE: Please note that once the foreign currency exchange rate has been set, it can no longer be reversed.
The foreign currency exchange rate that is used is the daily rate that is stored in AbaNinja under Settings > Accounting > Currency.