Multicurrency provides a comprehensive means for maintaining various global currencies and exchange rates in your accounting system. Transactions throughout the system are translated from currencies and exchange rates you define.
Multicurrency tracks foreign currency trading partners and handles all the transactions and reporting for you. Multicurrency requires General Ledger and Accounts Payable to be installed.
Features:
- Master Currency List of world’s major currencies may be expanded by user-defined custom currencies
- User-defined exchange rates
- Override default currency and exchange rate definitions at the transaction level
- Support for exchange rate fluctuations during the life of a transaction
- Freeze exchange rate support at the transaction level
- Reports may be ordered by user defined currency rate sort criteria
- System provides user-definable exchange rate update warning periods and warns you if you are using an old exchange rate (warning may be overridden by users with appropriate privileges)
- Different Buy and Sell Rate
- Allows individual currencies to be specified at the customer and vendor level
- Currency maintenance and transactions are controlled by Sage Pro ERP's powerful privilege-based security system
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