Foreign Currency

Manage multi-currency transactions, realised gains and losses, price lists, and consolidation translations with ease.

With full multi-currency capabilities across all modules trading internationally is simple with Greentree’s Foreign Currency facility. General Ledger accounts can be set up to allow multiple currencies and international bank accounts are supported.  You can track assets, customer transactions and supplier transactions in a foreign value with complete confidence.

  • Multi currency accounts – within Accounts Receivable, Accounts Payable and the General Ledger each account can have its own currency. Transactions and balances can be viewed at any time in their natural or local currency with full drill-down to the underlying source transactions.
  • International price lists – create and maintain customer and supplier price lists in any currency. As purchase or sales orders are entered the price is defaulted in the correct currency from your price list or calculated on the fly from sterling using the prevailing exchange rate at time of entry.
  • Consolidations & translations – you can translate your entities into any other currency and then consolidate into a parent company. Accurate group reporting can be easily produced reducing time at month end, complying with International Accounting Standards and providing accurate information to all levels of your business.
  • Exchange rate maintenance – exchange rates can be set up system wide with each currency being allowed multiple user defined rates as well as Spot, Closing, Budget and Average rates.
  • Revaluations – exchange rate variances can be tracked and reported on to show the foreign exchange losses and gains associated with General Ledger transactions, as at a specified date.