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:: Financials - Multi-Currency ::

What sets Exchequer apart from many other packages is that it was originally designed as a multi-currency system, rather than having multi-currency 'bolted-on' as an afterthought.

 

As a result Exchequer provides a truly scalable solution with multi-currency (Global), dual-currency (Euro), and single-currency (Professional) versions of the same core system. This section demonstrates features available in both the Global and Euro versions of Exchequer.

Fully flexible

The General Ledger allows you to view balances of individual currencies, as well as all currencies consolidated into your base currency. This means that you can view and reconcile bank accounts in their original currency, and view profit and loss accounts in each currency.

You can also 'translate' the General Ledger to another currency, simply by selecting the currency you wish to view, then selecting a translation currency. This feature is also available for reports, useful for head office reporting in a different currency.

The unique History window, available throughout Exchequer, shows period balances in the currency selected, with the ability to drill-down to the original transactions, all of which are held in their original currency.

Financials

 

Up to 89 currencies can be configured in the global version of Exchequer which is fully EMU Compliant*.

Most reports have an option to select which currency, and a further option for translating into another currency. You can drill-down into any accounting period to display a list of transactions in their original currency, simply by selecting the period in the history window, or by clicking on a point in the graph.

Multi-currency functionality throughout

All modules are originally designed and engineered as fully multi-currency compliant throughout. Project costing for example, captures costs and time in any currency. Sales and purchase ledger accounts will allow any combination of currencies within a single ledger. Payments and receipts can be entered in one currency and allocated to transactions in any other currencies.

Statements can be separated by individual currencies or consolidated into a single statement. Currency variance is automatically calculated and posted to a currency variance account.

Whether you re-value your currencies once a year, or several times each month, Exchequer has a currency re-valuation feature which automatically re-values your balance sheet, including all individual debtors and creditors, and generates a journal entry for the currency variance.

Supporting expansion into new territories

In summary, if you require multi-currency then Exchequer provides a solution that will not only meet your needs, but will surpass your expectations and give you the freedom and confidence to expand further into new markets.

* Exchequer Global has 89 currencies plus a consolidated home currency; Exchequer Euro has 2 currencies, plus the consolidated home currency. Both systems are EMU Compliant.

 

 

 
 

 
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