Solutions » Financial Management » Multi-Currency

There are two aspects of handling multiple currencies from within the Pulse System. The first is handling transactions that take place in other currencies; the other is consolidating financial information from systems that hold their information in another currency.

Some of the capabilities for handling transactions in multiple currencies are:

• Vendors and debtors have a nominated default currency.
• Transactions are maintained in the original currency.
• The general ledger is maintained in the system’s base currency.
• Reports can easily be exported to CSV format for use in other applications.
• Currency fluctuation journal entries are automatically generated. This can happen when, for example, an invoice is entered in a foreign currency at the exchange rate for that time, when the payment is made some time later a different exchange rate is in effect.
• General Ledger trial balances can be generated in different currencies to the system’s base currency if desired.

The other part of multi-currency handling is the consolidation of financial information.

• Each participant company and joint venture entity can use its own base currency.
• When transactions are imported from the participants into the parent entity it is converted into the parent company’s base currency.