One of the most challenging complexities of the international marketplace is the management of multi-currency transactions. Understanding the effects of this international dimension of your business on the bottom line is of paramount importance. Fully integrated with all SunSystems modules, the multi-currency system provides unprecedented control in currency handling.

Currency management involves more than merely specifying another amount and a rate. Rates themselves vary according to the date and even the type of account and different currencies may have different numbers of digits after the decimal point. SunSystems can handle all known currencies, values of up to fifteen digits and a variety of revaluation methods. Transactions are automatically converted on entry according to either a spot rate or by reference to tables which even allow for different rates for different classes of account.

Any multi-currency module can only ever be as good as its conversion, translation and revaluation routines. SunSystems simplifies these processes and saves time by identifying gains or losses resulting from multi-currency cash allocations and posting them to specified accounts. Furthermore, revaluation to revised currency rates may be applied to all or part of a ledger and features a report only option to ensure that control of these values remains firmly with the user.

SunSystems flexibility in being able to effectively and precisely manage transactions in an unlimited number of currencies in each account, requires comprehensive reporting to intelligently track and control your overall financial position. With a range of actual and reporting rates available for selection, SunSystems provides movement and balance analysis by currency as well as profit and loss and balance sheets, allowing trading and exposure reporting.

The translational facilities available in this module lend themselves to more than currency handling. As a time conversion system it offers multiple rates, project costing and budget comparisons, with combined time and cost reporting and booking to save labour and inaccuracies. Furthermore this conversion module also allows companies to monitor and control financial values against any other type of quantity, from barrels of oil to packets of soap powder.

Flexible Entry

• Average, Closing or Spot Rate
• Conversion Rate Lookup
• Conversion Rates up to Nine Decimals
• Currency 0, 1, 2 or 3 Decimals

• Report in Base Currency or Other Amount
• Gain, Loss or Exposure by Currency
• Multi-Currency P&L and Balance Sheet
• Consolidated Reports

• Aged Debtor Reports
• Aged Creditor Reports
• Debtor and Client Statements
• Creditor Remittances

• All Accounts Multi-Currency
• Unlimited Number of Currencies Per Account
• Settlement and Unrealised Gain and Loss
• Selective Revaluation

• Unlimited Number of Time Rates
• Costs Revalued on Change of Rate
• Department, Project and Job Analysis
• Other Quantities may be Recorded