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.
Fully Integrated With Other
Sage MIP Fund Accounting Modules
Integrated with
Purchase Order item code information to allow foreign
currencies to be associated with unit price for ordering purposes.
Tightly integrated with
Accounts Payable and
Accounts Receivable to allow for transactions with vendors
and customers that operate in foreign currencies.
Track exchange rate differences from your banking institution
with
Bank Reconciliation.
Customize and create currency specific custom layouts for your
Accounts Payable Checks, Purchase Orders or Customer Invoices with
the
Forms Designer.