Multi-devises

Do you buy or sell in foreign currencies?

Use Multi-devises to manage accounts receivable and payable in foreign currencies by setting your own exchange rate.

Detailed functions

• Configure your general ledger accounts by currency.
• Enter exchange rates by currency and by date.
• Produce currency reports for transfer to the general ledger.
• Apply the cost price according to the currency when receiving goods (you can also add shipping costs and customs fees in foreign currencies).
• Define a daily, weekly or monthly exchange rate.
• Upon reception of a purchase order, assign customs and shipping fees in the appropriate currency.

The various exchange rates will be accounted for when transactions are transferred to the general ledger. For a receipt or disbursement, the amount of the foreign exchange gain/loss will be calculated and posted to the general ledger when the currency report is generated.