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The optional Multi-Currency component of the HarrisData financial system adds basic currency conversion functionality to the HarrisData Financials solution. This component assists organizations in processing information from vendors and customers using non-domestic currencies.

Currency Conversion Database

  • From currency
  • To currency
  • Rate Type
  • Effective Date
  • Rate of Exchange
    • Historical, Average, or Spot Rates

Conversion Flexibility

  • Convert all financials between currencies
  • Convert budget figures between currencies
  • Convert journal entries between currencies
  • Revalue foreign-currency transactions entered in General Ledger, Accounts Payable, and Accounts Receivable

Easy Management of Gain/Loss

  • Flexible mapping to General Ledger account numbers
  • Enter invoices in foreign currency
  • Revalue outstanding invoices at period end
  • Automatically calculate unrealized gains and losses
  • Automatically calculate realized gains and losses at time of payment
  • Automatically create reversing journal entry for unrealized gains and losses
  • Review and analyze activity by customer or vendor in domestic or foreign currency
  • Full History maintained

Other Applications

The following applications are designed to work hand-in-hand with Multi-currency:

"Multi-currency" is part of the HarrisData Financials line of products, developed by HarrisData.

Related Products

The following software product lines are also offered by HarrisData: