Multicurrency Module

The Multicurrency module allows you to process transactions in any number of currencies while fully complying with FAS 52 regulations within a true nonprofit accounting environment.

Multicurrency Functionality in a true Nonprofit Environment

• Meet multicurrency compliance regulations—Automated settlements of open invoices generate FAS 52 compliant transactions within the system’s already easy-to-use transaction entry process.
• Tight integration, easy configuration and implementation - a complete multicurrency solution within an award-winning true fund accounting solution.
• Create and process transactions in any number of currencies—Maintain an unlimited number of active currencies, rates, and rate types
• Convenient revaluing capabilities—Revalue Cash, AP and AR as often as needed
• Save money—Take advantage of favorable exchange rates by paying invoices in an alternate currency.
• Centralize your banking—The Multicurrency module provides the ability to deposit foreign currency checks in a Functional Currency bank account.
• Flexible, powerful reporting—Easily report on recognized gains and losses within the easy to use award winning report writer. Include all currency information by transaction within a single report for complete audit history.
• Demonstrate accountability—Produce financial reports in any active currency for interested recipients