In today’s international business market, dealing with many different currencies has become a daily fact of life. The Fitrix Multicurrency Module makes handling different currencies within your accounting software easy. It automatically calculates exchange rates using either the vendor’s/customer’s currency or your home country currency and posts your realized gain or loss due to currency fluctuations to the General Ledger.
It also gives you the ability to input and track documents with foreign currencies in Fitrix Accounts Payable, Accounts Receivable, Order Processing and Purchasing modules, giving you the same flexibility of managing your international customer accounts as you have with your local ones. Whether you deal with one foreign customer, or hundreds of customers all over the world, Fitrix Multicurrency solves all of your currency conversion issues with ease.
Features/Function Highlights
- Unlimited number of currencies
- Generates reports in either home currency or the vendor’s/customer’s foreign currency
- Choice of Daily or Period-based exchange rate types for each currency and each module
- Ability to assign a different Difference on Exchange GL account number for each currency