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Hello - 

We are a US based hotel company, with one of our properties having a Swedish owner. We need to report our financial statements in USD under GAAP, but our owner also would like to view the reports converted to Swedish Krona. 

Is there a way to convert a report that has a USD balance to another currency, or will we have to create a separate company and run all of the transactions with the currency converter?

Thanks!

Hello,

Acumatica offers multiple currency features with Financial Statement translation: Global Financials is available with Advanced or Enterprise.

Laura

Hi @mdyer 

We also have a similar situation and we do it by creating Customization reports based on the exchange rates of the currencies.

 

Best Regards,

NNT

Hi @nhatnghetinh , thanks for your response. A bit unfamiliar with that process. Do you mind elaborating a bit on what you do?

Thanks!

Hi @mdyer 

Below is an example screenshot of a report. Base currency is USD and converted to SGD.

You need a team with customization capabilities or you can contact your Acumatica Partner to do it.

 

Best Regards,

NNT

Thank you for your response!

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