Triumph over fluctuating exchange rates and other international trading complexities with the foreign currency module.
If you do business in Japanese yen, US dollars, Euros, or any other currency, Triumph’s ERP Foreign Currency modules1 lift trade barriers and make it easy to buy or sell anywhere in the world.
You can create an unlimited number of foreign currencies, including high value exchange rate currencies and link your transactions with your Debtors module, accounting in your home currency and billing in your customer’s currency automatically.
The system gives you the choice of viewing and reporting accounts and transactions in either the base currency or the originating foreign currency.
You can set exchange rates daily to an accuracy of four decimal places. The gain or loss from foreign exchange may be taken up immediately or when payment is finally made or received.
Gains or losses are recorded in the General Ledger in a nominated account. Unrealized gains and losses may be reported and summarised by currency type, and realised gains and losses may be viewed and reported on each foreign currency transaction.
Foreign currency and rates can be modified at ease to reflect the current needs of the company with Triumph ERP Software.
Simply start with the Standard Base Pack, consisting of 6 modules, then add one or more of the remaining 36 fully integrated modules that are relevant to your business need2.
2 Foreign Creditors Module is dependent on Creditors Module.