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WORKFLOW GUIDE

Exchange rate differences

Differences may arise on settlement or when revaluing foreign currency balances.

Essential steps

  1. 01

    Identify the document, currency and rates used.

  2. 02

    Distinguish settlement differences from revaluation differences.

  3. 03

    Review entries and their effect on reports.

Check before moving on

Work in the correct company and period. Review source documents, amounts and access permissions before posting or submitting.

Treasury and banking

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WORKFLOW GUIDE

Adding bank accounts

Associate each bank account with the correct company and currency before importing statements.

WORKFLOW GUIDE

Bank reconciliation

Match statement transactions to documents and handle differences or partial payments separately.

WORKFLOW GUIDE

BNR rates and revaluation

Check the exchange rate source and foreign currency exposure for the reporting period.