
Sage Multi Currency Software
Exchange for Sage provides multi-currency accounting and normal business
processing functions such as Sales invoices for foreign customers and
maintaining a list of current exchange rates.
Whilst running your accounts in foreign currencies, Exchange constantly
updates the Sage data with base currency values so that Sage has an overall
picture of your accounts and balances.
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The following are benefits of Exchange for the Sage
Line 50 user with a requirement for transactions in multiple currencies:
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Multi-currency accounting via a subset of nominal
accounts for each currency in use.
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Producing and/or processing Sales invoices in foreign
currencies.
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Maintaining a sales ledger with the capability of
producing aged debtors reports and customer statements.
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Maintaining a purchase ledger from which aged creditor
reports can be generated.
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Making cash purchases and sales.
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Receiving and making payments for credit transactions.
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Receiving and making payments for cash transactions.
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Transferring funds between banks in any currency.
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Automatic update of exchange rates for currencies
in use via the Oanda web site.
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Automatically taking account of discrepancies resulting
from variations in exchange rates.
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Maintaining base currency equivalent accounting in
Sage Line 50.
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Automatic triangulation where required for currency
conversions.
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If you need to process sales orders in multiple currencies
and/or with customer specific pricing, then you need to look at the
twin product, PriceFlex that will work alongside Exchange for Sage.
Support is available through UK distributer Counting House (chargable)