Currency

ProfitMaster Canada's Customer/Vendor Currency Conversion module integrates with all aspects within the system from point of sale to bank accounts. Within the General Ledger application, actual foreign exchange values are calculated and tabulated during each currency transaction. This value provides the ability to track the transaction exchange allocated for comparatives to the actual exchange issued by the bank.

Features and Benefits

• Supports multiple currencies.
• Permits you to set a daily currency rate for each currency type.
• Tracks variances in a Foreign Exchange G/L account for Sales and Accounts Payable transactions.
• Integrates with Accounts Payable reporting and inquiry screens for a vendor's currency.
• Allows you to select and create cheques by a specific currency.
• Can allocate vendor payments from a separate bank account.
• Permits you to display Point of Sale totals by currency.
• Provides default currencies according to customer account or sub-account.
• Ages accounts receivable reporting by currency type.
• A/R subsidiary ledger based on the current daily exchange rate or the actual transaction rate.