Foreign Currency

Importers and exporters can triumph over fluctuating exchange rates and other international trading complexities with the foreign currency module.

If you do business in Japanese yen, US dollars, Euros, or any other currency, Triumph's Foreign Currency modules lift trade barriers and make it easy to buy or sell anywhere in the world.

You can create an unlimited number of foreign currencies, including high value exchange rate currencies and link your transactions with your Debtors module, accounting in your home currency and billing in your customer's currency automatically.

The system gives you the choice of viewing and reporting accounts and transactions in either the base currency or the originating foreign currency.

You can set exchange rates daily to an accuracy of four decimal places. The gain or loss from foreign exchange may be taken up immediately or when payment is finally made or received.

Gains or losses are recorded in the General Ledger in a nominated account. Unrealized gains and losses may be reported and summarised by currency type, and realised gains and losses may be viewed and reported on each foreign currency transaction.

			Immediate on-line postings allow you to get an accurate up to the minute balance on any account.

The ability to define as many as 18 financial periods and the capacity to post entries to earlier periods while working in a later one, gives great flexibility. Automatic accrual reversals and built-in defaults result in faster processing. Plus budget forecasting-to-actual comparisons, and the ability to transfer reports to spreadsheets for additional analysis, adds further dimensions to the Triumph General Ledger.