For organizations dealing with international business transactions, Aptify provides the ability to sell products in multiple currencies and receive payment in foreign currencies. The system creates and maintains the necessary foreign exchange information, such as the currency spot rate and the corresponding Exchange Rate Gain and Loss general ledger (GL) entries, to accurately account for these transactions. In addition, for systems used by multiple organizations, an administrator can specify a Functional Currency on a per-organization basis. See Configuring for Foreign Currency Transactions and Understanding Foreign Currency Concepts for more information.
Related Topics
Managing Accounting and Financial Systems Integration
Understanding Accounting and Financial Systems Integration
Managing General Ledger Accounts
Determining GL Accounts for Order, Payment, and Scheduled Transactions
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