Using the external exchange rate type

Usually, the amounts on the sales listing and the Intrastat declaration must be reported in the company's local currency.

When you process the invoices and orders in Fakturierung, LN converts the amounts to the local currency by using the exchange rate type of the transaction.

For the amounts on the sales listing and the Intrastat report, the rules for the currency rates to be used can differ between the countries. In some countries, you can use your own company rates and in other countries, you must use specific exchange rates, for example, the rates used by the European Central Bank.

For the sales listing and the Intrastat declaration, you can generate the amounts to be reported in two ways simultaneously:

• As internal values for your own audits, using the transaction exchange rates. These amounts can be used to match the sales listing or the Intrastat declaration to your sales and purchase accounts.
• As declaration values using the external exchange rates prescribed, for example, by the central bank. These amounts are included on the reports.

To calculate the amounts using the external exchange rate, see Calculating amounts using the external exchange rate.