Greentree has released Currency Translations module to its financial management software system.
This new addition to the Greentree Global Finance suite offers companies the ability to provide reporting of their balance sheet, profit and loss or complete ledger accounts in alternate currencies at a specified exchange rate or combination of rates.
The reporting of currency rates has been enhanced to offer a greater range of rates, including user defined rates.
This is ideal for companies that are required to report to parent companies in foreign currencies, as the translated information can be exported to Excel for further analysis or dispatch to the parent company.
The Greentree Currency Translations module may be used in conjunction with the Global Finance Consolidations module or independently.
The Greentree Currency Translations module allows the general ledger to be translated at a transactional level, by balance or a combination of the two and can be run multiple times into multiple currencies, as no transactions are created by the translation process. The results are available for reporting or for use with the consolidations module.
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