Transactions and reports in over 170 currencies with up-to-date exchange rates.
Eleven’s multi-currency software allows you to include transactions in several currencies
within a single Journal Entry, choosing the one you need at line level.
Eleven's multi-currency accounting software allows accounting
in multiple currencies without complex entries or spreadsheets.
Eleven’s multi-currency accounting software doesn’t need complex entries to manage transactions
between funds or bank accounts.
Eleven’s General Ledger simplifies your transactions, allowing you to choose currencies in every Journal
entry line, guaranteeing that all your balances
and values are always properly calculated and accurate.
In each Journal entry line, you can enter an FX rate manually by applying pre-defined rates or using our multi-currency accounting software to get rates automatically. You can overwrite calculated base amounts as many times as you need.
You can define whether foreign currency Balance Sheet accounts are monetary or non-monetary for investments, accruals, deposits, advances, etc.
Then, Eleven’s multi-currency accounting solution will reevaluate monetary gains and losses automatically.
Eleven’s multi-currency accounting solution calculates realised & unrealised gains and losses automatically. It also generates a proper supporting entry with the full details of the calculations for each Journal entry line to allow consistent financial reporting.
With Eleven's multi-currency accounting software, you won't spend a second on verifying FX amounts in financial statements. All statutory reports include transactions in FX, recorded in specific columns and rows. You can analyse or hide them to display base amounts only.
Yes, multi-currency accounts are safe when managed through trusted financial institutions or secure accounting software.
Security measures like encryption, access controls, and compliance with international banking standards protect financial data and transactions.
Multi-currency accounting is the process of managing financial transactions in more than one currency within the same accounting system.
It allows businesses that operate internationally to record, track, and report income, expenses, assets, and liabilities in multiple currencies while keeping accurate exchange rates in real-time.
This ensures that foreign transactions are properly converted into the company’s base currency.
Multi-currency accounts allows you to hold, receive, and pay funds in different currencies within one financial system.
When a transaction occurs in a foreign currency, the system records it in that currency while simultaneously converting it into the base currency using the current exchange rate.
For example, if a U.S.-based company invoices a client in €, the system tracks the euro amount, converts it into U.S. $ for the ledger, and updates balances in both currencies.
Multi-currency accounting software allows you to manage global finances seamlessly by handling multiple currencies within one system.
It automatically converts transactions at real-time exchange rates, manages gains and losses from currency fluctuations, and consolidates accounts across international entities.
This approach reduces the need for multiple bank accounts in different countries and makes managing international operations more efficient.
Eleven is the best multi-currency accounting software.
It supports more than 170 currencies and automates currency conversions with real-time exchange rates, making it especially valuable for global firms and multi-entity organizations.
If you need unlimited scalability, advanced automation, and high-volume transaction handling, Eleven is your best choice.
Each of your clients' general ledgers is a separate database, easy to restore and back up. To protect the data, Eleven uses advanced encryption.
We securely store all the information and documents on certified AWS servers around the globe.
Experience Eleven with a 7-day free trial, giving you full access to all accounting features without any commitment.
Start by exploring our pre-configured test drive environment, designed to make usability testing simple and intuitive. If you prefer, you can trial the software using your own data by migrating one or two of your client entities.
- Need more time? Custom extensions are available upon request.