Multi-Currency Overview

Multi-Currency is one of the most complex feature in an ERP System. Try to think of the following scenarios:

  • Tax Requirements

  • Issuing Bill in Foreign Currency

  • Issuing Bill in Local Currency but printing in Foreign Currency

  • Sales Invoice in MYR, but receiving partial payments in two or more currencies e.g. USD and SGD

  • Handling of Exchange rate

  • Calculation of Forex Gain and Losses

  • Posting to the Journals

  • Generating secondary ledgers in foreign currencies

  • Accounting treatments

  • Configurations and settings

  • Outstanding Aging reports in foreign currency

  • Mirroring of documents

  • Adjustment of exchange rates

  • Bank Rates