Now Available - Enhanced Foreign Currency
June 2008
In our latest version 6.1.6 of the accounting software released this month, we have overhauled the Foreign Currency Module.
Maintain as many foreign currency bank accounts as you need and manage cash and reconciliations in the bank account currency values.
Easily transact with foreign Customers and Suppliers in their local currencies.
Products and Services can have different BUY and SELL currencies.
Generate quotes, orders, create and post Sales Invoices & Credit Notes, collect cash and pay Supplier invoices in foreign currencies.
Record invoice values and cash payments and receipts in the transaction currency and easily convert them to Home Currency equivalent values for reporting and display purposes at the rates set in the Foreign Currency Parameters.
For each foreign currency, maintain independent Balance Sheet and Profit & Loss exchange rates to facilitate standard accounting policies for the treatment of foreign exchange profits & losses, posting calculated exchange differences to the designated Nominal Ledger Account.
As with all our features and functionality, after initial configuration, all you need to do is process transactions in your normal course of business while the software maintains all the conversion and reporting details in the background.
We hope you will agree that this is a significant advance in functionality and a valuable addition to the software.
If you currently use the Foreign Currency Module or if would like to discuss addition of the module to your Diamond installation, please contact us on 0845 223 2170 for more information.