Skip to content
Header Secondary Logo
Header Secondary Logo

Can I use an ERP system to manage a global enterprise - Currencies

Can I use an ERP system to manage a global enterprise - Currencies

Share

Can I use an ERP system to manage a global enterprise - Currencies

Dec 1, 2015

Multi-Currency

As trade becomes more and more global, multi-currency features become important. Compiere transparently supports transactions across multiple currencies, including the following capabilities:

  • Transact in other than your accounting currency

  • Revalue transactions

  • Maintain bank accounts in other than accounting currency

  • Accurately report multi-currency transactions, including translation of transactions or balances for reporting purposes

  • Ability to account transactions in parallel using different currencies

In other parts of the application, Compiere supports multi-currency functionality such as currency-specific price lists and preferred customer currency.

By design, a transaction in Compiere may have one or many accounting currencies. Starting, switching and discontinuing a currency is easy because all accounting currencies are on the same level. Compiere addresses currency precision requirements of different currencies and locales.

Tell us about yourself and an Aptean specialist will be in touch.