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This product has been discontinued, and is no longer available for purchase.
The ObjAcct Multi-Currency module performs all of the functions necessary for you to buy and sell in multiple currencies while maintaining your financial books in a domestic currency.
The Multi-Currency module interfaces with the following ObjAcct modules: General Ledger, Cash Manager, Accounts Receivable, Accounts Payable, Fixed Assets, Order Processing, Purchasing, Requisitions, and Time Entry. You can maintain unlimited number of currencies and exchange rate schedules, leveraging the ability to update exchange rates daily and automatically post realized and unrealized gains or losses due to currency fluctuations.
Account, vendor and customer currency default information is used during data entry to reduce error and ensure the accuracy of your customer billing and supplier payment transactions. Each document entry application supports the ability to toggle between the currency amounts and the base amounts for a given document.
Currency realized gains and losses are automatically calculated and recorded during customer payment entry and the vendor payment process. The system will also automatically calculate and record unrealized gains and losses on open receivables and payables. Foreign denominated bank or asset account balances can be automatically revalued based on up-to-date exchange rate information.
Multicurrency reports with drilldown capability provide in-depth currency transaction details that include both base currency and foreign currency amounts. For example, the Accounts Receivable Aging report allows currency selection so you can see how much is owed to you in each currency. Additionally, the Accounts Payable Aging report lists how much you own in each currency.
"Currency Manager (Multi-currency)" is part of the ObjAcct XML Accounting Suite line of products, developed by ObjAcct, Inc..
ObjAcct XML Accounting Suite is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.