Currency operations

Currency operations are created to purchase, sell or convert foreign currencies. Posted currency operations can be cancelled. Before creating currency documents, some settings must be in place.

System settings

• On the General Ledger Setup page, select the Post Money From Currency Documents option if you need to create general ledger lines for currency operations through general ledger transit accounts. If the option is not enabled, financial journal lines will be created only for recognition of gain/loss, accrual and payment of commissions for currency operations. On the Numbering tab, specify the number series for the Currency sale number series, Currency purchase Nos., Currency Conversion Nos. fields.
• Create General Journal Templates for purchase, sale, conversion of currencies with the appropriate value in the Type field.
• On the cards of the required currencies, select the values of G/L accounts on the General tab in the Realized Gain Acc., Realized Loss Acc. fields, on the Reporting tab in the Currency Sale G\L Account, COCS G\L Account fields.
• On the Bank Account Card page, General tab, set a value in the Commission type, Commission %, Commission Fix. Amount fields to determine the method of calculating commissions for the required bank account.

Currency purchase

1. Choose the icon, enter Currency purchase, and then choose the related link.
2. Select New.
3. On the Currency purchase page, fill out the fields listed in the table below:

Field	Description
No.	A number is set automatically in line with the number series specified on the General Ledger Setup page in the Currency purchase Nos. field.
Date of Sending Money	Select the date of sending the national currency for the purchase of a foreign currency.
Posting Date (Receive)	Select a currency receipt date. By default, this field is filled out with a working date.
Commission By	Select the bank account the commission amount will be credited to.
Bank Account Receiver	Select a bank account for currency receipt.
Amount To Receive	Specify a required currency purchase amount.
Bank Account Sender	Select a bank account from which the amount in the local currency will be sent for currency purchase.
Operation Currency Rate	Specify the rate of a foreign currency unit against the local currency by which currency is purchased.
Amount To Send	Is calculated automatically, the amount in the national currency for currency purchase at the NBU exchange rate as of the receipt date.
Commission Amount	Is calculated automatically, the currency purchase operation commission amount. The commission accrual method is determined on the card of a respective bank account in the Commission Type, Commission % and Commission Fix. amount fields.
Correction	Enable this option if it is necessary to create a currency purchase reversal operation with reversal signs for the amounts of G/L entries.

Note
The Currency Code to Receive, Rate NBU On Sending Date, Rate NBU On Receive Date fields are filled out automatically from bank account cards and the Exchange Rates page.

4. Select Actions > Functions > Create lines. As a result, the tabular part of the form will display the lines the values of which can be edited if necessary.
5. Click Post. A posted document will be removed from the Currency purchase list and moved to Posted Currency Operation List.

Currency sale

1. Choose the icon, enter Currency Sale, and then choose the related link.
2. Select New.
3. On the Currency Sale page, fill out the fields listed in the table below:

Field	Description
No.	A number is set automatically in line with the number series specified on the General Ledger Setup page in the Currency sale Nos. field.
Date of Sending Money	Select a date for sending currency for sale.
Posting Date (Receive)	Select a currency receipt date. By default, this field is filled out with a working date.
Commission By	Select the bank account the commission amount will be credited to.
Bank Account Sender	Select a bank account from which the amount in the foreign currency will be sent for currency sale.
Bank Account Receiver	Select the bank account for receiving amount in the local currency.
Amount To Send	Select a required currency sale amount.
Operation Currency Rate	Specify the rate of a foreign currency unit against the local currency by which currency is sold.
Amount To Receive	Is calculated automatically, the amount in a national currency for currency sale at the operation’s rate.
Commission Amount	Is calculated automatically, the currency sales operation commission amount. The commission accrual method is determined on the card of a respective bank account in the Commission Type, Commission % and Commission Fix. amount fields.
Correction	Enable this option if it is necessary to create a currency sale reversal operation with reversal signs for the amounts of G/L entries.

Note
Currency Code to Send, Currency Code to Receive, Rate NBU On Sending Date, Rate NBU On Receive Date fields are filled out automatically from bank account cards and the Exchange Rates page.

4. Select Actions > Functions > Create lines. As a result, the tabular part of the form will display the lines the values of which can be edited if necessary.
5. Click Post. A posted document will be removed from the Currency sale list and moved to Posted Currency Operation List.

Currency conversion

1. Choose the icon, enter Currency conversion, and then choose the related link.
2. Select New.
3. On the Currency conversion page, fill out the fields listed in the table below:

Field	Description
No.	A number is set automatically in line with the number series specified on the General Ledger Setup page in the Currency conversion Nos. field.
Posting Date (Receive)	Select a currency receipt date. By default, this field is filled out with a working date.
Date of Sending Money	Select a date of sending currency for conversion.
Commission by	Select the bank account the commission amount will be credited to.
Bank Account Sender	Select a bank account from which the amount in foreign currency will be sent for conversion.
Amount To Send	Specify a required currency conversion amount.
Bank Account Receiver	Select the bank account for receiving a converted amount of a foreign currency.
Amount To Receive	Is calculated automatically, the amount in a foreign converted currency at the operation’s rate.
Operation Currency Rate	Specify the rate of a foreign currency unit to be converted against the currency to which it is converted for this operation.
Commission Amount	Is calculated automatically, the currency conversion operation commission amount. The commission accrual method is determined on the card of a respective bank account in the Commission Type, Commission % and Commission Fix. amount fields.
NBU Currency Rate to Send	Specifies the official NBU exchange rate of a local currency against the expense currency. Is filled out automatically from a currency card, can be edited if necessary.
NBU Currency Rate to Receive	Specifies the official NBU exchange rate of a local currency against the profit currency. Is filled out automatically from a currency card, can be edited if necessary.
Commission Bank. Acc.	Specify a code of a bank account in a local currency to which the commission amount will be credited.
Correction	Enable this option if it is necessary to create a currency conversion reversal operation with reversal signs for the amounts of G/L entries.

Note
The Currency Code to Send, Currency Code to Receive fields are filled out automatically from bank account cards.

4. Select Actions > Functions > Create lines. As a result, the tabular part of the form will display the lines the values of which can be edited if necessary.
5. Click Post. A posted document will be removed from the Currency conversion list and moved to Posted Currency Operation List.

Currency operations reversal

There are two ways of posting an operation in order to cancel it:

• Create and post a currency operation with similar input data as in the operation that is being reversed. Before generating document lines, you must enable the Correction option.
• Undo the original operation to automatically create a currency operation adjustment document the lines of which will be posted with the reversal sign against the original operation. To do it:

1. Choose the icon, enter Posted Currency Operation List, and then choose the related link.
2. Select a required operation from the adjustment list.
3. On the Posted currency operation page, in the menu line, select Reverse Transaction....