Acumatica Currency Management
Currency management isn’t just about automating calculations as you work in different currencies around the world. It’s also about minimizing your growing midmarket company’s financial risk when currency values change dramatically.
Acumatica Currency Management helps you increase your volume of international business while staying in control of your finances. Advanced features let you support all your international subsidiaries, vendors, and customers. With the currency management module in Acumatica’s Financial Management solution you can automatically compute realized and unrealized gains and losses, perform account revaluations, and translate complete financial statements.
Why Change Today?
Any growing company needs to give leaders and decision makers actionable, accurate, and accessible information about the state of the business. But not every solution can provide the real-time and relevant data needed as quickly as people need it. Integrated with the rest of the business technology and providing instant access to mission-critical financial data, those who choose Acumatica for currency management can forge ahead confidently.
Benefits of Acumatica Currency Management
Save time managing international subsidiaries and operations.
Calculate Realized Gains and Losses
Automatically calculate realized gains and losses from foreign currency transactions including payments received and issued along with funds transfers between accounts.
Adjust Unrealized Gains and Losses
Create adjusting entries for unrealized currency exchange gains and losses. Automatically prepare auto-reversing entries in the GL for all open documents recorded in foreign currencies.
Translate Financial Statements Automatically
Automatically calculate translation gains and losses. Automate the consolidation of financial statements from multiple subsidiaries in combination with the GL module.
“Acumatica has made our financial systems much more efficient. It provides us one integrated system with accurate sales and revenue information providing detailed financial reports that will allow us to accelerate our growth.”
– Christy Lin, Operations Director, Antenova Limited
The ASC + Acumatica Difference
Advanced Solutions is an Acumatica MVP VAR because we deliver. Our team is both expert in applying optimized business processes to ERP and modern technologies – before, during, and after implementation. Learn more
Currency Management Functionality
Revaluation of GL Accounts
Unlimited Currencies and Rate Types
Configurable Decimal Precision
Automatic Handling of Rounding Differences
Complete Tracking of Gains and Losses
Currency Rate Lookup
Historical and Auditing Reports
Audit Trail
Predefined List of Currencies
Why Acumatica?
Learn why Acumatica is the fastest growing cloud ERP
Case Studies & Testimonials
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