ALERE Multi-Currency Module

The Multi-Currency Module allows companies that do business outside their country's borders a way to take and place orders in different currencies other than their own. Key Features:

Any number of currencies can be easily defined and used.

You choose which currency is your company's "base" currency.

Separate rates for selling and buying are supported.

A history of rates is kept and organized by date.

Each company location can be assigned a default currency to use.

Sales orders and invoices can be entered using a foreign currency.

Purchase order and payables can be entered using a foreign currency.

Orders are printed in the foreign currency.

Orders can be displayed in the foreign currency, the base amount when the orders were taken, or the base amount according to current rates.

Statements can be printed in either the foreign currency or your company's base currency.

Payments can be accepted or made in either the foreign currency or the base currency.

All general ledger transactions and financial reports are done in the base currency.

Two general ledger variance accounts can be established. One account is used to post variances due to currency fluctuations when making purchases using a foreign currency and the other is for fluctuations when selling.

A history screen provides an overview of how currency buy and sell rates change over time.

A graph converts the raw rate history data into a 2 or 3D graphical format.

The graph can be set to day, week, month, or year resolution.

Sell rates and buy rates are viewed separately.

The sell and buy rate data history can be summarized to show average, high and low rates.

Any range of dates can be used to filter the information.

Entering Currency Rates

Rate History

Graphical Analysis