Intacct Multi-Currency Management reduces the cost and complexity of running your business in multiple foreign countries and ensures accurate, up to the minute financial visibility and control.  Automate compliance with standards like FAS 52 for international currency transactions and improve productivity for your financial staff whether you have complex international operations or simply need to do business with clients or vendors in multiple foreign currencies.

Benefits:

Save time and money through automation — Intacct Multi-Currency Management automatically updates exchange rates and records currency gain or loss calculations and realizations to ensure accurate financial data.

Transact in an unlimited number of currencies — As your business grows globally, so will the number of currencies your clients use. With Intacct Multi-Currency Management you can transact in as many foreign currencies as your business requires.  For complex, multi-entity organizations, Intacct Multi-Currency Management also supports an unlimited number of functional currencies, allowing each entity to keeps its books in its native currency while consolidations are in the currency of the parent company. 

Gain better visibility into your financials — Intacct's Multi-Currency Management provides numerous reports and dashboards to help you get a better handle of your financials. For example, revaluation reports help you track unrealized currency gains and losses, simplifying the close process. 

Comply with international standards and regulations — Intacct Multi-Currency Management allows you to capture and report in any number of foreign currencies, from the balance level to the transaction level. Intacct Multi-Currency Management complies with GAAP and other commonly applicable standards like FAS Statement 52 Foreign Currency Translation and FAS 141R Business Combinations.