Handle multiple currency in a single Journal Entry
We have designed Eleven so that there can be a currency per Journal Entry Line. This greatly simplifies transactions and ensures that users do not have complex entries to manage transfers between funds or bank accounts.
Monetary and non-monetary
Define for relevant Balance Sheet accounts if they are monetary or non monetary and also if the reporting of the unrealised gain/(loss) has to be on the Profit and Loss or disclosed in the Balance Sheet (securities).
Specific journals per currency
Foreign currency transactions are stored in specific per currency journals ensuring the balances and values are properly calculated and maintained.
All statutory reports include the transactions in FX in specific columns and rows. Those can be hidden if needed to only display base amounts.
Multiple exchange rates options
Users are able to enter an FX rate table or use Eleven to automatically get rates. Users are also able to override the calculated Base amount directly in the journal entry line.