HomeThe CloudCloud BenefitsSimplicity AccountingContact Us

Multiple Currencies

Simplicity is installed with over 170 currencies based on their ISO Code.
Every module and account has a currency code. This is controlled by the modules category settings.
Within an entity there is a local currency and a head office currency. In the case of an active head office currency each transaction has a minimum of two currencies, local and head office.

Rules control the valid period of any currency and the conversions take place in the background without unnecessary interference in processing transactions.
Accounts contain values in the currency of choice as well as information of any other currency, example: A US based system with a local currency of USD can have a customer in GBP. The transactions for this customer will be in GBP enabling statement of accounts to be rendered in GBP.
In addition any other account with a currency other than local or head office can be included in the transactions.
Postings can also be inter-entity and the currency conversions will also be processed.
Financial and management reporting can be in any selected currency.

Multiple Currencies