Company with Customers/Suppliers | Double-Entry Accounting with Multi-Currency
Company with Customers/Suppliers | Double-Entry Accounting with Multi-CurrencyDescription
- Model for managing the accounting of an SA or Sagl with VAT and an annual turnover equal to or exceeding CHF 500,000. The chart of accounts is structured according to the SME scheme and includes customer/supplier ledgers, ideal for companies that manage accounting based on turnover.
- In the Accounts Table, at the end of the chart of accounts, you will find the customer and supplier ledgers set up with accounts linked to assets and liabilities, respectively; thus, the balances will appear in the Balance Sheet.
- All customer and supplier invoices are recorded at the time of issuance and receipt.
Create your File
- Open the template using the Banana Accounting Plus WebApp.
Use the command File > File Properties to set the period, your company name, and the base currency (you can manage your budget and accounting in any currency).
Use the command File > Save As to save the file. It's helpful to include the company name and year in the file name, e.g., "Rossi-SA-20xx.ac2".
IMPORTANT: If you close your browser without saving, any entered data will be lost. Always save the file to your computer.
- In the Exchange Rates table, set foreign currencies always in reference to the base currency and their exchange rates. Opening rates are set only the first time you use Banana Accounting. At the transition to the new year, these rates will be automatically carried over based on the closing rates entered as of 31.12.
- In the Chart of Accounts, set up your accounts in foreign currencies and the account for recording exchange rate differences.
- In the File Properties (Basic Data), under the Foreign Currency section, indicate the accounts for exchange rate differences and, if necessary, set up a second currency for your accounting.
- In the Exchange Rates table, set the rates for foreign currencies.
You are ready to register!
You can register all possible cases of foreign currency transactions, including transfers and operations that do not involve the base currency.
In our Documentation, you will find detailed explanations and topics on multi-currency accounting, particularly:
File URL
https://github.com/BananaAccounting/Switzerland/raw/master/templates/english/multicurrency/en_defc_sme_company_customers.ac2
ac2 language
ac2 publisher