Examples
Examples
Try the starting example
- Foreign-currency invoice face amount
- 1000
- Booked home currency per one foreign unit
- 1.2
- Settlement home currency per one foreign unit
- 1.1
- Settlement fee in home currency ($)
- 10
- Balance type: receivable or payable
- receivable
- Booked home-currency value ($)
- 1200
- Settlement value before fee ($)
- 1100
- Gross exchange gain, signed ($)
- -100
- Settlement fee ($)
- 10
- Exchange gain less settlement fee ($)
- -110
Try another scenario
- Foreign-currency invoice face amount
- 1000
- Booked home currency per one foreign unit
- 1.2
- Settlement home currency per one foreign unit
- 1.1
- Settlement fee in home currency ($)
- 10
- Balance type: receivable or payable
- payable
- Booked home-currency value ($)
- 1200
- Settlement value before fee ($)
- 1100
- Gross exchange gain, signed ($)
- 100
- Settlement fee ($)
- 10
- Exchange gain less settlement fee ($)
- 90
Calculation method
Calculation method
Booked home-currency value ($)
Round foreign face×book rate to cents. Rates support up to six decimal places.
Settlement value before fee ($)
Round foreign face×settlement rate to cents.
Gross exchange gain, signed ($)
Receivable: settlement−book. Payable: book−settlement.
Settlement fee ($)
Entered home-currency fee.
Exchange gain less settlement fee ($)
Gross exchange gain−fee; a negative result is a net expense.
Symbols and units
- a
- Foreign-currency invoice face amount
- b
- Booked home currency per one foreign unit
- c
- Settlement home currency per one foreign unit
- d
- Settlement fee in home currency ($)
- e
- Balance type: receivable or payable
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Assumptions & limits
Assumptions & limits
- One invoice and one complete settlement using supplied rates in home units per foreign unit. It excludes partial settlements, interim remeasurement, tax and currency-specific minor-unit rules.
Are these inputs private?
These calculations run in your browser. A shared link contains the values you choose to share. Only questions submitted to the separate AI finder are sent to OpenAI.
Further reading
OpenStax: financial-accounting model background ↗
Background reading; this does not imply endorsement or independent review of SumFizz.