InterDyn CFO Consulting

Multicurrency Management in Microsoft Dynamics GP

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Maintaining an international business has its pros and cons. One of the cons is strict management of foreign currency and how it equates to the U.S. dollar. Microsoft Dynamics® GP offers robust multicurrency support for international business.

Multicurrency management in Microsoft Dynamics GP gives you the ability to complete financial transactions in numerous currencies, without having to worry about ever-changing exchange rates.

  • You can use multicurrency management to set up an unlimited number of currency IDs, rate types, and exchange rate tables.
  • You can enter multicurrency transactions using the originating amounts for the transaction or the equivalent of the amounts in your company’s functional currency.
  • You can revalue General Ledger accounts, based on current or estimated exchange rates, and revalue Sales and Purchasing transactions.
  • You can view and compare open-year or historical multicurrency information in detail or summary form.

General Ledger Multicurrency Consolidations (GLMCC) is also designed to consolidate financial statements using U.S. generally accepted accounting principles (GAAP) into your reporting currency. It allows for simple currency translations into U.S. dollars, so you can easily consolidate foreign currency companies using standard FRX. View the demo of GL Multicurrency Consolidations on our website to learn more about this beneficial feature.

InterDyn – CFO Consulting is a leading Microsoft Gold Certified Partner dedicated to the implementation, training and support of the Microsoft Dynamics line of products including Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM. We know the benefits at hand when you have control over your business processes and are committed to improving your business success by helping you better manage every aspect of your organization.

By InterDyn – CFO Consulting, Orlando, Florida Microsoft Dynamics Partner

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