Managing exchange rate differences

If your company has posted a purchase in a different currency, this is handled easily and efficiently with Statement Intelligence.

When you post an invoice in a foreign currency, the program will record this in Danish Kroner (DKK) at a daily given rate, and then, when transferring payment to the bank, this will take place according to the current daily exchange rate.

If Statement Intelligence later records a difference on the amount that will be raised in the bank, vs. the amount posted, the program will create general journal lines that post these differences to a difference account. This functionality helps make sure that your bank account reconciliation is handled easily and quickly.