Sometimes and due to circumstances related to the operation of the company we can have different bank accounts. For this reason some of these accounts may have different currencies. In this article we will explain how to relate documents with bank movements of another currency.
- Access the "Invoicing" App .
- Click on the "Treasury" section of the sidebar.
- Create the bank by entering the credentials and choosing the currency with which you will work.
- Click on "Synchronise" to automatically import the bank statement. If you prefer, you can also import your movements with the import template.
Currency exchange: Holded will default to the official change of the movement date of the extract. This change will vary depending on the fluctuation of the currency.
Excel import : If you import the movements with the import template you will have the option to enter the change in euros . Discover how to import the bank statement in the Academy article > Billing > Banks > "Import the bank statement".
Make the reconciliation
Now that you have the movement of the bank imported in Holded and the pending conciliation document, you can relate them! Follow these steps:
- Select the "Reconcile" tab , at the entrance you will find the pending conciliation movements . You'll see that the amount of the movement and the corresponding change of the day is included or, in its absence, the one that you have applied from the import template. This change will appear in a different typeface.
- Clicking on the pending move will open the reconciliation options on the right so that you can relate it to the corresponding document.
- At this point you will see that you have the option to use the exchange rate recorded in the document or keep the change applied on the date of the banking movement . If you choose to use the change of the document Holded will apply the change that was used on the day of the creation of this . On the other hand, if you maintain the movement change implies using the change in the date in which the movement was generated in the bank account or the change that was used when importing said movement as commented in the upper blue box.
- The synchronisation process is very similar to the one we do with the same currency. Although visually we observe a movement in another currency, Holded will take into account the corresponding euros for its accounting.
Remember that although the amounts appear in the foreign currency, at the time of making the entries, these are made in euros, as indicated in the accounting standards.
Now you have all the necessary knowledge to be able to account for movements of banks in foreign currency!