Currencies Overview
The Multi-Currency Add-On is an additional module for Big Business that supports transactions in foreign currencies.
This Solution describes its functionality. (5963)
The Multi-Currency Add-On is an additional module for Big Business that supports transactions in foreign currencies. As of this writing, it supports purchases in a foreign currency with the following features:
• Registering the Multi-Currency Add-On, permanently or in Trial Mode. Contact Big Business Support for a Trial Code or to purchase the Add-On.
• Creating one or more Foreign Currencies along with a three-letter Code, Exchange Rate, and a Display Color so they are readily identifiable on transactions.
• Creating one or more Accounts Payable Accounts in a foreign currency and automatically creating matching Exchange Accounts.
• Creating one or more Vendors in a foreign currency.
• Creating Purchase Orders, Bills, and Make A Payment entries in a foreign currency.
• Automatically accounting for a Gain or Loss as a result of a change in a foreign currency Exchange Rate.
• Tracking the Foreign Cost of an Item, along with its native Cost, so that either can be automatically added to a Purchase Order or Bill, as needed.
The cost of the Multi-Currency Add-On subsidizes its support and further development for those who find it beneficial.
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