Forward Currency Module
Fluctuations in currency are an ever increasing issue for companies, for those who transact high values in foreign currency it is often good business practice to forward purchase the currency at an agreed rate and call off as and when needed. This process can and does affect the value of stock if the system budget rate does not closely match the rate of the contract that is being used to purchase goods which can skew true margin analysis and give false profitability or loss information. The forward currency module is designed to assign the true value of the purchase to the goods to overcome this issue.Contracts
Create multiple currency contract deals in up to 32 different currencies and assign unique identifications to each contract. Specify source bank account and destination bank account and automatically post the related journal.
Assign contracts to purchase invoices and post the correct value through to the batches as a traceable adjustment to allow for analysis of savings/losses due to contract purchases.
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