Bank transfer in foreign currency
Transfer money from a bank account in your system currency to a bank account in foreign currency
To open the Bank Accounts (BANK) application, find Finance in the RamBase menu and then Cash management. Click Banks to enter the BANK application.
Press F12 to open the action menu and choose the option Bank Transfer.
On line 1, select bank to transfer from, and the amount in the Amount field.
On line 2, select bank with foreign currency to transfer to. RamBase will then calculate the amount based on the currency rates in RamBase.
If the calculated amount in the foreign currency differs from the amount on the bank statement, change the value in the Amount field on line 2. The field Amount,XXX on line 2 will then be recalculated in accordance with the currency rates in RamBase.
The amount in the field Amount,XXX on line 2 must be equal to the value in the field Amount,XXX on line 1. If there is a deviation, manually change the value in the field Amount,XXX on line 2. The rate will be updated.
Click OK. Two Payment (PAY) documents will be generated automatically. In the General Ledger (ATR) it will be posted like this:
In this case there will be a gain on exchange of NOK 23,07.
This exchange difference is posted to a separate account. These differences will now be posted to your default account for exchange differences in your Payment (PAY) system: ACD/PAYCURADJ