Ideas for Acumatica

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Allow GL Accounts to be set to allow Any Currency for complete multi-currency support

Allow GL accounts to be set to allow any or all currencies.  We need to ability to configure GL accounts to allow only the base currency, all currencies configured in the system or selected currencies. 

Related to this request is the need to enter Journal Entries in multiple currencies (ie: line one in USD, line 2 in CAD) with the ability to enter the source currency and rate, or the base currency and rate.  As long as the entry balances in the base currency, it is balanced. 

Also related to this is the ability to revalue the currencies in the respective GL accounts.  Example: if one GL account has 100.00 CAD, 100.00 USD and 100.00 GBP in source currencies, the ability to revalue the none base currencies is also needed.

Most other ERP products that compete in the same space as Acumatica have these features and they are important for true multicurrency processing in an variety of industries, but especially the financial sectors.

It appears that Acumatica is almost there as the GL transaction tables (and many other modules) store the amounts in source and base currencies along with the source currency ID.

  • Kevin Gartly
  • Sep 6 2018
  • Future consideration
  • Attach files
  • Sammy Hui commented
    September 10, 2018 16:34

    Agreed. *Upvoted*

    This would be necessary for Acumatica to become true - multi currency/ country.