Revaluation of GL Accounts
Acumatica supports accounting for foreign currency by allowing you to revalue General Ledger accounts denominated in other currencies. Adjust the value of the base currency and posts the appropriate currency gain or loss transaction.
Unlimited Currencies and Rate Types
Assign different rate types to vendors and customers that use the same foreign currency. Currency Management supports an unlimited number of currencies and rate types. Exchange rates can be updated at any time.
Multiple Base Currencies
Support multiple base currencies and consolidate reporting across companies with different base currencies.
Configurable Decimal Precision
Acumatica Currency Management lets you configure the number of decimal places for each currency. Invoices issued in different currencies can be rounded by different rules.
Automatic Handling of Rounding Differences
Automatically compute rounding differences sensitive to desired decimal provisions. Rounding differences are automatically posted to a designated GL account.
Complete Tracking of Gains and Losses
Create detailed analytical reports of gains and losses. Assign accounts and subaccounts for each currency to track realized and unrealized gains and losses, translation gains and losses, revaluation gains and losses, and rounding gains and losses.
Currency Rate Lookup
Calculations use the transaction date and the rate type for the subject transaction. Manual rate overrides will receive a warning if the entry exceeds the established acceptable rate variance.
Historical and Auditing Reports
Predefined reports monitor the history of currency rates as well as translations and revaluations performed.
Create a complete audit trail of all currency related transactions including the ID of the user who entered the transaction and the user who modified a record. Notes and supporting electronic documents can be attached directly to the transactions.
Predefined List of Currencies
Select from a predefined list of currencies included in the ISO 4217 standard for use in Acumatica. Currencies will display with the proper currency symbol.