Multi-Currency
Multi-Currency
With globalization, business and trading often use multiple currencies; OpenPro ERP software fully supports transactions across multiple currencies and includes the following capabilities:
- Transactions in currencies that are different from your accounting currency
- Revalue transactions
- Maintain bank accounts with multiple currencies
- Accurately report multi-currency transactions, including translation of transactions or balances for reporting purposes
- Ability to account transactions in parallel using different currencies
In other parts of the application, OpenPro supports multi-currency functionality such as currency-specific price lists and preferred customer currency.
By design, a transaction in OpenPro may have one or many accounting currencies. Starting, switching and discontinuing a currency is easy because all accounting currencies are treated the same. OpenPro addresses currency precision requirements of different currencies and locales.