Skip to main content
Solved

Currency Conversion on Reports


Forum|alt.badge.img
  • Freshman II
  • 20 replies

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!

Best answer by nhatnghetinh

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

View original
Did this topic help you find an answer to your question?

5 replies

Laura02
Captain II
Forum|alt.badge.img+19
  • Captain II
  • 3135 replies
  • June 12, 2024

Hello,

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

Laura


nhatnghetinh
Captain II
Forum|alt.badge.img+10
  • Captain II
  • 389 replies
  • Answer
  • June 13, 2024

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


Forum|alt.badge.img
  • Author
  • Freshman II
  • 20 replies
  • June 13, 2024

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

Thanks!


nhatnghetinh
Captain II
Forum|alt.badge.img+10
  • Captain II
  • 389 replies
  • June 13, 2024

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


Forum|alt.badge.img
  • Author
  • Freshman II
  • 20 replies
  • June 13, 2024

Thank you for your response!


Reply


Cookie policy

We use cookies to enhance and personalize your experience. If you accept you agree to our full cookie policy. Learn more about our cookies.

 
Cookie settings