The Multi-Currency Listings/Reports provide information on the various currencies used for transactions in AccountMate. The report also provides information on the exchange rates used for each currency activated in the system and the gains or losses arising from multi-currency transactions.

Read the information below to get a closer look at each of the Multi-Currency Listings/Reports available in AccountMate Enterprise.

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 that are using any currencies, including your company's home currency. The report shows the check amounts in the home and its equivalent in foreign currencies. 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 generate the report to show only printed check transactions, only handwritten checks, only electronic payments, only credit card payments, only non-check transactions, or all payment types. You can opt to include voided checks in the report. You can further filter the report to show only the checks in the same currency as the vendors’ currency, only the checks that use different currencies from the vendors’ currency, or both.

Currency Code Listing

The Currency Code Listing provides information on each currency code available in AccountMate including its symbol, description, status, and the posting GL Account IDs for the foreign exchange gains/losses. The currency codes are set up using the 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. You can use this report and the Currency Exchange Listing to ensure that current exchange rates in the system are up-to-date.

Exchange Rates Listing

The Exchange Rates Listing shows the current exchange rate and inverse rate of each currency code activated in AccountMate. The report shows the different exchange rate and inverse rate with the effectivity dates if there are multiple rates defined in the currency code record. This report can be used to review the currency exchange rates and serves as reference when creating transactions in different currencies.