Foreign exchange business

A foreign exchange transaction is the "purchase" of one currency against another currency. For example, if you have a euro and a US dollar account, a "purchase" of USD 10,000 against EUR can be shown as a (foreign exchange transaction) inflow of USD 10,000 to the US dollar account and a corresponding (foreign exchange transaction) outflow from the euro account. The corresponding charge in euros is determined by the exchange rate between the euro and the US dollar at the time of booking.

To enter a foreign exchange transaction, proceed as follows:

1. Open the "Enter transactions" worksheet as described above in the section Enter transactions and select the desired holder if necessary.
2. Open the ACCOUNT menu in the "Enter transactions" worksheet.
3. Select the transaction type FOREX TRANSACTIONS at Account transaction types .
   Use the keyboard to enter foreign exchange transactions when the "Enter transactions" worksheet is open as follows: Press the key combination <CTRL>+<2> for the account transaction types. Then press the button<E>.
   The "Foreign exchange transaction" dialog box appears.
   

   

4. Enter your data in the input fields. Select the accounts for inflow and outflow and enter the inflow and outflow amounts in the respective currencies. The corresponding exchange rates are displayed automatically.
   If required, you can also enter forward exchange transactions directly via the "Booking type" field without having to close and reopen the dialog box.

5. Finally, confirm the entries with the "Enter" button.

Foreign exchange transactions appear in the list of recorded transactions as combined transactions - foreign exchange transaction inflow and foreign exchange transaction outflow.