Currency Management

Currency Management

The Currency Management (CM) module automatically computes realized and unrealized gains and losses, performs account revaluations, and performs financial statement translation so you can save time managing international subsidiaries and operations.

View Datasheet

Currency Rate Entry

Statement Translation

Statement Translation – Details

Currency Rate by ID

Highlighted Features

  • REALIZED GAINS AND LOSSES: Acumatica automatically calculates realized gains and losses from foreign currency transactions entered into any financial module. This can include receiving payments from customers, issuing payments to vendors, and transferring funds.
  • REVAULATION OF GL ACCOUNTS: Revalue General Ledger accounts which are dominated in foreign currency. Before closing the financial period, you can run the revaluation process to compute and create the auto-reversing adjusting entries for unrealized gains and losses.
  • FINANCIAL STATEMENT TRANSLATION: Perform financial statement translation to manage subsidiaries that operate or submit statements in a foreign currency.
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After our Company tried working with a ‘large consulting firm’ and enterprise software that choked our processes, as CEO, I decided we should return to the hands-on support we had previously enjoyed with Advanced Business Software Corp. and their staff. Three years later I can say with confidence that this was the best decision we have made in the recent history of our nearly 30 year-old sales and distribution company. Advanced Business Software Corp. effectively provided a solution that was practical and economical and returned our Company to a leadership position as a niche player in the Dental industry.

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