Sage 100 Accounts Receivable Multi-Currency
Sage 100 AR Multi-Currency (MAS 90, MAS 200) is invaluable for any company that performs Invoice or Cash Receipts Entry involving international or foreign Customers.
How does Accounts Receivable Multi-Currency (ARMC) work?
The ARMC enhancement provides the Sage 100 user with the ability to create Invoices, receive Payment for those Invoices, and print Reports in any Currency using any Exchange rate. This Enhancement is essential for any company selling to Customers in more than one Country since the payment of the Invoice is usually in the Customer’s Currency.
Customer Maintenance View
The Statistics, Summary, and History panels display the amounts in both Base Currency and the Customer’s Historical Currency. A Drop Box has been added to allow a display toggle between these two Currencies.
Features
- Bank Accounts in Foreign Currencies: You may define the Currency for each Bank Account.
- Gain/Loss Account: Define a Gain or Loss G/L Account by Division of cash receipts for invoices entered with a different Exchange Rate.
- Round-off Error Account: Round-off Error Account by Division to use when posting round-off error amounts generated during currency conversion.
- Default Entry Currency by Customer: Default Entry Currency by Customer to be used when entering transactions for that customer.
- Historical Units by Customer: You may define a Currency for each Customer, in which the Customer's activity history such as Period to Date Sales, etc., will be kept.
- Transaction Display Color by Currency: Open Invoice and Order Detail transactions are viewed in the Currency Display Color specified in General Ledger.
- Currency Toggle: Toggle between Activity, Base and Transaction Currency amounts in the Open Invoice and Order Detail screens.
- Invoice History Inquiry displays Transaction and Base Currency Amounts: The Invoice History Inquiry screen displays Base Currency amounts as well as the Invoice Currency amounts, Currency Code and Exchange Rate.
- Repetitive Invoices in Any Currency: You may establish Customer Repetitive Invoices in the Customer's Default Entry Currency or in any other established currency.
- Invoice Entry in Any Currency: Enter customer invoices in the Customer's Default Entry Currency or in any other established currency.
- Invoice Entry using Any Exchange Rate: You may use the current Exchange Rate for the Entry Currency being used or you may override the Exchange Rate.
- Invoice Printing and Invoice History Reprint in Transaction or Base Currency: You may print and reprint Customer Invoices in Transaction or Base Currency.
- Registers / Journals in Base and Transaction Currency: For audit purposes, the Multi-Currency system prints Accounts Receivable Registers in both the Entry Currencies and the Base Currency using the appropriate Exchange Rates.
- Cash Receipts Entry in Any Currency: You may enter a Cash Receipt of one currency to a Bank Account of a different currency, as well as apply the Cash Receipt to a Customer Invoice of a third currency.
- Deposits Posted to B/R in Bank Currency: Transactions posted from the Cash Receipts Journal to Bank Reconciliation are posted in Base and Bank Currency for reconciliation and reporting purposes.
- Finance Charge Calculation in Any Currency: Finance Charges may be calculated in Any Currency.
- Unrealized Gain or Loss Report: Generate an Unrealized Gain or Loss Report of Open Customer Invoices as of any date.
Printing Standard Reports
When printing any Accounts Receivable Reports, you may define the Currency options to use. A Currency Button is in the Report Panel, and when selected, the following screen will be displayed. (This screen will vary depending on the report being printed and the options entered)
