Introducing Advanced Multi-currency Handling
Introducing Advanced Multi-currency Handling
Companies deal with several customers across borders and it is a difficult task to collect payments in their favorite currency. It is now effortless with our new advanced multicurrency processing technology.
The globalization of business is evolving into an integrated world that has opened various opportunities for businesses to connect and grow. While doing business around the world, a few challenges may also arise, such as making and receiving payments in different currencies.
The benefits of advanced multi-currency management will be:
1.Manage payments in various currencies
Now, collecting your international customers' payments is easy. This can be done in the currency of their choice or in another currency other than the currency of the cashier. This feature lets you create transactions for your clients and suppliers in different currencies, regardless of their location.
2. Recording multi-currency transactions for a contact
It can be cumbersome to create multiple customers or vendors to receive or make a payment in different currencies, but Advanced Multi-currency Handling will save you a lot of time. This option will help you record transactions in multiple currencies for a specific client or vendor.
3. Exchange rates applied automatically
You don't need to worry about foreign exchange anymore. These exchange rates are established through our third-party service provider, Open Exchange Rates, based on your organization's base currency.
3. Getting a statement summary
Get a list of outstanding claims and unused credits of any currencies involved in a contact's operations. You can also consult a detailed statement with the breakdown of all the currencies that are involved in the transaction of a contact, all in one place.
4.Reports for more visibility
Obtain itemized reports of all related transactions completed for each contact. You can see the currencies exchanged under each contact and understand the total expenditures.
If you think this is a function that will help your business manage their transactions, then this function is for you.
Companies deal with several customers across borders and it is a difficult task to collect payments in their favorite currency. It is now effortless with our new advanced multicurrency processing technology.
The globalization of business is evolving into an integrated world that has opened various opportunities for businesses to connect and grow. While doing business around the world, a few challenges may also arise, such as making and receiving payments in different currencies.
The benefits of advanced multi-currency management will be:
1.Manage payments in various currencies
Now, collecting your international customers' payments is easy. This can be done in the currency of their choice or in another currency other than the currency of the cashier. This feature lets you create transactions for your clients and suppliers in different currencies, regardless of their location.
2. Recording multi-currency transactions for a contact
It can be cumbersome to create multiple customers or vendors to receive or make a payment in different currencies, but Advanced Multi-currency Handling will save you a lot of time. This option will help you record transactions in multiple currencies for a specific client or vendor.
3. Exchange rates applied automatically
You don't need to worry about foreign exchange anymore. These exchange rates are established through our third-party service provider, Open Exchange Rates, based on your organization's base currency.
3. Getting a statement summary
Get a list of outstanding claims and unused credits of any currencies involved in a contact's operations. You can also consult a detailed statement with the breakdown of all the currencies that are involved in the transaction of a contact, all in one place.
4.Reports for more visibility
Obtain itemized reports of all related transactions completed for each contact. You can see the currencies exchanged under each contact and understand the total expenditures.
If you think this is a function that will help your business manage their transactions, then this function is for you.
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accounting software
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free accounting software
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