Can I Use an ERP System to Manage a Global Enterprise - Currencies
Can I Use an ERP System to Manage a Global Enterprise - Currencies
Can I Use an ERP System to Manage a Global Enterprise - Currencies
Dec 1, 2015
Aptean Staff WriterMulti-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.
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