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<< back to knowledge base Accounting categories Adding a collective invoice from transports documents list Adding billings directly from transports documents Adding duplicate of invoice Adding statements and bank statement item Adding transactions Changing the number of a billing document manually Changing statuses for payment Checking payments history Exchange rate change on the invoice Exporting to accounting Exporting transfers to a bank Fixed annotations on the invoice Issuing a correction invoice from an invoice Issuing an invoice from a proforma invoice Manual editing of the exchange rate and VAT items on the invoice Setting default bank account for billings Merging billings Setting send BCC copy to Settings notifications for billings VIES - verifying the validity of a VAT identification number

billings

Conversion of currencies


The steps of the conversion:

  1. Net price and exchange rate are multiplied.
  2. The result is rounded to two decimal places.
  3. To get the 'total net' price, the rounded number is multiplied by the quantity.
  4. The VAT is converted on the basis of the total net price (from point 3).
  5. The result is rounded to two decimal places.
  6. To get the total due > Total net price and VAT are summed.


An example:
Net price 27 USD
Quantity: 3
Exchange rate: 1USD=0.840054 EUR
VAT: 23%

  1. 27 USD x 0.840054 EUR = 22,681458 EUR

  2. 22,68 EUR

  3. 22,68 EUR x 3 = 68,04 EUR

  4. 68,04 EUR x 23% = 15,6492 EUR

  5. 15,65 EUR

  6. 68,04 EUR + 15,65 EUR = 83,69 EUR

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