Foreign Currency
Diamond Discovery software is designed to seamlessly expand to include transacting and reporting in foreign currencies. Integrated with the Core Financial Ledgers, Ordering, Invoicing and Stock modules, the Foreign Currency module offers the ability to buy and sell products and services, process cash receipts and payments, report sales and purchase activity in foreign currencies. Management Reports (i.e. Balance Sheet and Profit & Loss reports) are presented in the business Home currency with foreign currency exchange differences calculated in real-time based on the current foreign currency exchange rates. The features of Foreign Currency include:
- Unlimited user-defined foreign currency codes and descriptions
- Unlimited foreign currency bank accounts
- Foreign currency customer and supplier accounts
- Buying and selling currencies for products and services
- Multiple selling currencies for products and services
- Process customer/supplier receipts/payments in customer/supplier or Home currency
- Easily switch between Home/Foreign currency Customer/Supplier/Nominal Enquiries
- Balance Sheet, Profit & Loss exchange rates for management reporting
- Specific individual transaction exchange rates
- Automatic calculation of Profit/Loss on exchange in management reports
Foreign Currency reports
Standard reports that can be previewed to screen, printed, saved to a variety of file formats and emailed.
- List Exchange Rates
- Potential Loss/Gains Sales
- Potential Loss/Gains Purchases
- Exchange Difference Reports
- Many Sales and Purchases reports can be viewed in Home or Foreign currencies, e.g.
- Aged Debtors / Creditors
- Sales / Purchase Daybook Listings
- Customer / Supplier Turnover
More information: