Entering a Bank Statement in a Foreign Currency
Access the Enter Statement form.
You use the Bank Statement Entry program to track all banking activity, such as electronic funds transfers, direct deposits, and drafts. In a multicurrency environment, you can enter up to three different currencies for each transaction line on the statement.
Each transaction line on the Enter Statement form contains an Amount, Currency Code, and Foreign Amount field. The value that you enter in each of these fields depends on the currencies of the bank account, company, and transaction.
- Amount
For a monetary bank account, enter an amount if the transaction currency and bank account currency are the same.
For a non-monetary bank account, enter an amount if the transaction currency and the company currency associated with the bank account are the same.
If you enter an amount in this field, the default currency code is retrieved from the monetary bank account or the company associated with the non-monetary bank account.
- Currency Code
Enter the currency code of the transaction.
- Foreign Amount
Enter an amount in this field only if both of these apply:
The bank account is a non-monetary bank account. (If the bank account is a monetary bank account, leave this field blank.)
The transaction currency is not the same currency as the company associated with the non-monetary bank account.
If you enter a foreign amount, you must also enter the domestic amount, which is converted by the bank and appears on the statement, in the Amount field.
- Non-Monetary Account
If the currencies of a company, bank account, and payment (transaction code CK) or receipt (transaction code CR) are different, assign a non-monetary transit account to the transaction. This also applies if the company and payment or receipt currencies are the same, but the bank account currency is different.
On each transaction line on the Enter Statement form, the system displays decimals for accounts as follows:
For a monetary bank account, decimals are displayed in the currency of the bank account.
For a non-monetary bank account and a domestic currency transaction, decimals are displayed in the company currency.
For a non-monetary bank account and a foreign currency transaction, decimals are displayed in the transaction currency.