Process Multicurrency Transactions and Consolidate Foreign Operations in Accordance with FASB 52 and IAS 25

• Maintain Daily Exchange Rates for Each Currency
• Automatically Calculate Gains & Losses
• Maintain a Second Financial Reporting Currency in Less Stable Economies
• Manage the Euro
• Manage Multiple Currencies per Customer or Vendor Account
• Settle Invoices and Payments in Different Currencies

You do business in a global economy, and e by Epicor is designed to meet the requirements of companies doing business internationally. Our Currency Manager and advanced multi-currency functionality let you maintain multiple exchange rates for an unlimited number of currencies, automatically calculate gains and losses from exchange rate fluctuations, revaluate accounts held in natural currencies, and more. Powerful operational currency and support for the Euro gives businesses the confidence to manage their operations throughout the European community.

Multi-currency processing is quick and easy. Based on a transaction’s apply date, the system finds the appropriate exchange rate, calculates the translation, and displays the debits and credits in both the home and the natural currency. The system not only stores total account balances in a company’s home currency, but also stores the amount of natural currencies that contributed to each account balance, giving you powerful reporting options. With our revaluation feature, you can revaluate and generate provisional financial reports with the most current balances available and later post the final revaluation. And, you can update exchange rates across multiple companies with one step, and easily consolidate companies that process in different currencies.