This page contains information that is specific to Slovenia. The general subject is applicable in many other countries and the general functionality may be the same, but some details require adaptation to country specifics.

1. Receiving Goods Invoiced in a Foreign Currency

When you receive goods or services invoiced in a foreign currency, the program will use:

• the currency in the Supplier section of the Subjects register as the default currency
• the exchange rates of the bank selected in the General section of the Company panel (Settings | Administration Panel | Settings | Program Parameters | Company | General)  to convert the amount into the local currency. The rate for the calculation is displayed in the header of the receiving document, and the price in the local and foreign currencies is displayed in the lines of the receiving document.
• the specified exchange rate date, based on the settings in the General section of the Goods panel  (Settings | Administration Panel | Settings | Program Parameters | Goods | General)

Of course, the currency can also be manually changed. If you've already entered lines in the receiving document, the Recalculate Lines function will be used.

If you've selected Fill Item Cost, information about the converted Euro value of the purchased item is also transferred to the Costing in the Items register.

2. Posting Invoices Received

In the chart of accounts, you can also define which account amounts in foreign currencies will be posted to.

Using the automatic posting of invoices received, create a journal entry. In the line for posting to the currency account, 2210, you'll find additional information containing the code of the currency of the post and the appropriate exchange rate. The program will display the currency in which the document was created and the exchange rate from the document. Once again, this will be the exchange rate from the Central Bank Rate field.

When depositing payment abroad, you will of course use different exchange rates (the purchase rate of the commercial bank). A payment order for the converted value will be created using a different value. The line will be closed in the foreign currency and Euro sections only once you've posted exchange rate differences.