International Transactions Software

SouthWare's International Transactions - Software For Multi-Currency Transactions

Many U.S. and Canadian businesses have business trading partners (vendors or customers) in foreign countries. Transactions with these partners may involve other monetary currencies, and the tracking and reporting of these multi-currency transactions is a challenging task. SouthWare’s International Transactions provides supplemental features to the SouthWare Excellence Series™ so that you can record, track, and report multi-currency transactions involving international trading partners while maintaining your dollar-based internal records.

Maintain a database of monetary currencies used by your trading partners
Define the default currency used by each customer/vendor
Update the effective exchange rates for currencies as often as you wish
Record the currency amounts for selected transactions, including the effective exchange rate
Display transaction amount information in natural currency or base currency (dollars)
Analyze unrealized currency exchange gains/losses
Revalue A/R and A/P open items for changes in exchange rates
Automatically calculate gain/loss on currency exchange when settling a transaction (typically at payment time)
Update G/L for currency exchange gains/losses
Establish special stock item pricing and costing for each currency