Swiss General Ledger Accounts

Business Central includes Swiss enhancements to general ledger accounts.

  • Maintain the foreign currency balances of a bank account in the general ledger.
  • Sort general ledger account numbers on the Chart of Accounts page.
  • Preview the effects that posting general journals would have on the balances of certain general ledger accounts before actually posting them.

General Ledger Accounts and General Journals

Companies often have different bank accounts for foreign currencies, and have a general ledger account for each bank account. In Business Central, you can set up currency code and foreign currency balance information on the Chart of Accounts page. This allows you to maintain the original foreign currency balance of a bank account. For more information, see Understanding the General Ledger and the COA.

For example, a company has two bank accounts: one for local currency (LCY) and one for euros (EUR). You must create a general ledger account for each bank account. For the EUR account, define the currency code as EUR and post journals in EUR or LCY.

When the exchange rate for EUR and LCY changes, you can update and adjust the local currency balance for the EUR general ledger account using the adjust exchange rates batch job. This batch job creates and posts currency adjustment entries to the general ledger and updates the LCY balance.

Data Type for General Ledger Accounts

The data type is set to text for the general ledger account number or account code to support the sorting requirements for the standardized Swiss Kontenrahmen Käfer (KMU) common chart of accounts. The account numbers list is sorted based on the text data type. The KMU chart of accounts contains the following account numbers:

  • 1176
  • 119.0
  • 1190

Viewing Temporary Balances in General Journals

Before posting a general journal you can preview the effect that posting would have on the balances of certain general ledger accounts. You can open a statistics page that shows the balances of the accounts, and the balances of the active lines that included the unposted values for the current journal. For more information, see View Temporary Balances in General Ledger Journals.

See Also

View Temporary Balances in General Ledger Journals
Switzerland Local Functionality

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