Throughout SYSPRO transactions can be processed and viewed in both local and foreign currencies and are transferred into local currency before being processed into the General Ledger. Exchange rates can be fixed or established at the time of transaction processing.
The General Ledger system allows for up to 10 alternate reporting currencies which are converted from the base/local currency using a historical exchange rates table.
The Accounts Receivable sub-ledger allows for transactions, such as invoices, credit notes and payments, to be processed, viewed and reported in both local and foreign currencies. It provides you with the flexibility to either establish a fixed exchange rate against receivables transactions, or use the current rate from the system's global exchange rate table. You can revalue outstanding unfixed-rate invoices for statutory reporting requirements, when fluctuating rates result in inaccurate outstanding receivables values.