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Accounts Receivable - Multi-Currency Reports
The Multi-Currency Reports provide information on the various currencies used in transactions and the currency gains or losses from multi-currency transactions. Each of the Multi-Currency Reports is especially designed to provide several options so you can narrow down data to the specific information needed. Read the information below to get a closer look at each of the Multi-Currency Reports available in AccountMate.
Currency Code Listing
The Currency Code Listing provides information on each currency codes including its symbol description, current exchange rate, and the posting GL Accounts for the foreign exchange gains/losses. The currency codes are set up through the Currency Code Maintenance function. This report can be used to determine the correctness of each currency code's assigned foreign exchange gain/loss GL Account IDs and to ensure that the exchange rates are up to date.
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AR Currency Gain/Loss Report
The AR Currency Gain/Loss Report provides information on gains or losses resulting from fluctuations in currency exchange rates used upon creation of the invoice and upon payment. This report is useful for reconciling the AR Currency Gain/Loss GL Account ID balance and serves as a reference when evaluating the effects of exchange rate fluctuations on your business, particularly in collecting the accounts receivables.
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AR Bank Multi-Currency Report
The AR Bank Multi-Currency Report provides information on multi-currency bank deposits made within a specific period. This report helps you asses the status of your multi-currency bank deposits and also serves as a useful reference when reconciling multi-currency bank deposits per records against the bank statements.
You can generate this report for verified deposits only, unverified deposits only or both. You can further select to include only the deposits of customer payments made in the same currency as the bank currency, only the deposits of customer payments made in a currency that is different from the bank currency, or all deposits regardless of the currencies used.
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