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Contract Manager's multi-currency and analysis capabilities optimize your international opportunities. You can maintain an unlimited number of currencies and exchange rate schedules, giving you the ability to update exchange rates daily and post realized and unrealized gains or losses due to currency fluctuations. An invoice may be carried in Accounts Payable in one currency and ultimately paid in a different currency. The balance is displayed in the home currency, and the currency exchange amount is recorded automatically to balance the transaction. An AP Trial Balance report or inquiry showing this transaction can be produced in either the foreign currency or home currency as desired. When the invoice is paid, any gain or loss arising from a change in the exchange rate is automatically recorded. Any number of foreign currencies can be accounted for.
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