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As a core component, the Multi Currency feature enables business to be conducted in an unlimited number of currencies. Currency codes are defined by the user and linked to the General Ledger accounts, which maintain all postings and related exchange. In addition, “Buy & Sell” rates are kept to manage and control your “Foreign Exchange” exposure as rates fluctuate. Any differences (unrealized gains and loses) are available in reports and may be posted if required.

All business is routinely conducted and recorded in the foreign currency while Inventory is maintained in the home currency. In turn, the related exchange amounts are recorded in separate accounts, to value the General Ledger in the home currency. As well, aged Payable and Receivable reports can be printed either using the foreign currency or converting to the home currency at the historically recorded rate or any input rate.

  • Unlimited currencies
  • Foreign exchange exposure as rates fluctuate
  • Realized and unrealized gains/losses

Other Applications

The following applications are designed to work hand-in-hand with Multiple Currencies:

"Multiple Currencies" is part of the eWholesale line of products, developed by Magic Information Systems.

Related Products

The following software product lines are also offered by Magic Information Systems: