Multi Currency Projects Suite

Multi Currency Projects

Now, organizations have the power to manage their multi-currency, multi-office and multi-national projects.

Multi Currency Projects enhancement was created to deliver services in an international or global context. Project orientated businesses have long acknowledged the strengths of Microsoft Dynamics SL in meeting their project accounting and billing needs. The trend for such organizations to extend their global presence has brought a new set of demands to the mid-market.

Multi-Currency Expense
International and global users often need to capture overseas expenses as part of the project delivery process. However, the employee wastes time by converting expenses into base currency prior to expense reporting. This leads to erroneous miscalculations and inaccuracy.

Using Multi-currency Expense as part of your Project Accounting solution you will benefit from:

• The ability to enter expenses in the currency they were incurred
• The ability to enter multiple currencies on one expense report
• Dual approval process where required
• Automatic approval, required approval or approval only
• Automatic creation of multi-currency AP or GL batches
• Integration to Microsoft Dynamics SL Currency manager

Multiple Base Currency-GL

By implementing Multiple base-currency- GL your organization can benefit from:

• Detailed consolidation of the entire enterprise in base currency
• Local detailed ledgers for each foreign office, in their own base currency
• Accurate recalculation and posting of exchange gains and losses
• Detailed translation of the main ledger into any currency
• Compliance to local statutory requirements
• Capability to adjust foreign currency ledgers without affecting other ledgers
• Rigorous error trapping to ensure foreign company and office ledgers are balanced
• The ability to have the entire enterprise in a single database, providing visibility and control

Multi-Currency Project Extensions

Multi-Currency Project Extensions offers the following advantages:

• Multi-Currency, transaction level project tracking and billing, including scheduled billings
• Visibility to all projects
• Sub-Projects and inter-company projects
• Automatic recognition and accounting of project, office costs and revenue at all levels
• A single point of entry for time, expense and other transactions
• Fixed foreign currency billing rates regardless coupled with exchange rate gain and loss recognition