The Multi-Currency Reports provide information on the various currencies used for transactions and for the gains or losses arising from multi-currency transactions. 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 code including its symbol description, current exchange rate, and the posting GL Account IDs for the foreign exchange gains/losses. The currency codes are set up using thei Currency Code Maintenance function. This report can be used to determine the propriety of the foreign exchange gain/loss GL Account IDs assigned to each currency code and to ensure updated exchange rates.

AP Currency Gain/Loss Report

The AP Currency Gain/Loss Report provides information on gains or losses resulting from fluctuations in currency exchange rates used during posting of invoices and during payment. This report facilitates reconciliation of the AP Currency Gain/Loss GL Account ID balance and serves as reference when evaluating the effects of exchange rate fluctuations on your business, particularly on your capacity to pay the company's liabilities.

AP Check Multi-Currency Report

The AP Check Multi-Currency Report is a summary of released checks using any currencies including your company's home currency. You can use this report and the AP Currency Gain/Loss Report to determine the check transactions that result in a foreign exchange gain or loss.

You can filter to show information on only the check transactions, only the non-check transactions, or both. You can opt to include voided checks and to show the check details in the report. You can further filter the information to include only the checks assigned with the same currency as the vendors’ currency, only the checks that use different currencies from the vendors’ currency, or both.