Conduct business globally by using advanced currency
The Currency Management (CM) module automatically computes realized and unrealized gains and losses, performs account revaluations, and performs financial statement translation so you can save time managing international subsidiaries and operations. Once activated, operations in multiple currencies become available through all Acumatica financial modules.
Key Features of Currency Management
- Realized gains and losses – Acumatica automatically calculates realized gains and losses from foreign currency transactions entered into any financial module. This can include receiving payments from customers, issuing payments to vendors, and transferring funds.
- Revaluation of GL accounts – Revalue General Ledger accounts which are dominated in foreign currency. Before closing the financial period, you can run the revaluation process to compute and create the auto-reversing adjusting entries for unrealized gains and losses.
- Financial – statement translation Perform financial statement translation to manage subsidiaries that operate or submit statements in a foreign currency
Learn more with this Acumatica Currency Management Data Sheet
Accessible from Anywhere
Access 100% of your currency management features from anywhere using any popular web-browser.
Manage International Customers & Vendors
Maintain balances in a local currency and the base currency for each vendor and customer. Realized and unrealized gains/losses are performed automatically.
Manage International Subsidiaries
Perform financial statement translation to aggregate data from foreign subsidiaries into consolidated reports. Maintain separate books for the foreign entity.
More Efficient Bookkeeping
Improve your period book closing processes by automating revaluation of GL accounts, creating auto-reversing entries for unrealized gains, and computing realized gains/losses.
Reduce Impact of Currency Fluctuations
Isolate the potential impact of currency fluctuations with drill down reports and dashboards.