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.
Complimentary software audit. Schedule now
Is your system healthy?

For several years, our company tried to cost justify a barcoding and scanning solution to replace the labor-intensive efforts we were experiencing taking quarterly physical inventories at all of our distribution centers. After searching and analyzing many available solutions, we were pleasantly surprised when Advanced Business Software Corporation approached us with a custom solution utilizing their position as resellers of Psion Teklogix, a provider of rugged handheld scanners combined with the expertise of the programming group from Advanced Business Software that would allow us to achieve this goal and do it cost effectively. I can state with confidence that our partnership with Advanced Business Software and Psion Teklogix has met our expectations and provided a substantial return on investment to the Dixie Plywood Companies.

IT Director, Dixie Plywood Companies

Software We Work With