Sage 100 Multi-Currency Base Module
Multi-Currency provides the Sage 100 ERP (MAS 90, MAS 200) user with the ability to set up a different price and cost for each item per Currency. This enhancement is essential for any company transacting in more than one currency.
How does the Multi-Currecy Base Module (CUMC) work?
The Base Currency is the “functional” or “local” currency of the primary economic environment in which each Company operates. You may specify a Round-off Account to use when printing General Ledger reports in another currency.
Features
- FASB 52 Foreign Currency Translation: You may change the FASB 52 Currency at any time and recalculate the FASB 52 amounts. You specify an Equity Adjustment from Translation account to use when printing financials in the FASB 52 Currency.
- Foreign Currency Codes: You may define an unlimited number of Foreign Currencies in which your company trades.
- Currency Symbol: The standard 3 character ISO currency code and its currency symbol is maintained.
- Exchange Rates: Maintain daily Exchange Rates for each currency to be used when converting foreign amounts to Base Currency during Accounts Payable, Purchase Order, Accounts Receivable, Bank Reconciliation, and Sales Order updates.
- Currency Code Audit Report: An audit report keeps track of any changes, deletion or additions to the Currency Code Masterfile.