Currency Management

Acumatica Currency Management streamlines international transactions by automating currency conversions, financial statement translations, and revaluations, enabling businesses to manage multiple currencies efficiently.

What you'll learn

Automated Currency Conversion: Calculates realized and unrealized gains and losses, supports automatic revaluations, and translates financial statements in compliance with FASB-52 standards.
Multi-Currency Support: Manages transactions, balances, and reports across multiple base currencies for vendors, customers, and subsidiaries.
Comprehensive Reporting and Audits: Provides drill-down reports on currency gains/losses, supports audit trails, and consolidates financial statements from multiple subsidiaries.
Customizable Currency Precision: Supports configurable decimal precision and automatic rounding adjustments to meet specific accounting needs.
Real-Time Rate Lookup and Monitoring: Automates exchange rate updates and alerts for manual overrides, ensuring accuracy in financial transactions.

"We already operate in GDP, USD, EUROs, and are exploring accepting more local currencies. Acumatica can take in data and translate it to GRD, and we have visibility into taxes by country." - James Day, Co-Founder and COO, Mous

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