Foreign Currency
Trading across borders brings its own accounting headache — Greentree's Foreign Currency facility is built to take the sting out of it, with multi-currency support running through every module rather than bolted on as an afterthought. General Ledger accounts can carry their own currency, international bank accounts are fully supported, and assets, customer transactions and supplier transactions can all be tracked in the currency they actually happened in.
Key Benefits
- General Ledger accounts in any currency
- Full support for international bank accounts
- Asset tracking in foreign values
- Customer and supplier price lists in local currency
- Overseas prices calculated automatically at order or invoice entry
Multi-Currency Accounts, Not Just Multi-Currency Transactions
Accounts Receivable, Accounts Payable and the General Ledger can each hold accounts in their own currency. Transactions and balances can be viewed at any time in either their natural currency or your home currency, with full drill-down to the underlying transactions behind every figure.
In practice that means a US customer’s account can run entirely in dollars while your UK operation reports in sterling, with every transaction still rolling up correctly into group figures — nobody has to manually convert a balance before they can trust the number in front of them.
Price Lists That Speak the Customer's Currency
Customer and supplier price lists can be created and maintained in any currency you trade in. When a purchase or sales order is entered, the price defaults automatically in the correct currency from your price list, or is calculated on the fly from your home currency using the exchange rate in force at the time.
It also protects margin on cross-border deals: because the price a customer sees is either a maintained rate in their own currency or a live conversion at the current rate, you’re not working off a price list that was accurate when FX rates were different and has quietly eroded your margin since.
Consolidations That Don't Eat Your Month End
Entities can be translated into any other currency and consolidated up into a parent company, so group reporting doesn’t become a month-end bottleneck. The result is accurate, International Accounting Standards-compliant reporting that gives every level of the business the figures it needs, without the manual rework.
For a business with entities trading in more than one currency, this is usually where the most month-end time gets lost without it — manual consolidation in spreadsheets is slow and genuinely risky, since a single formula error can misstate group figures in ways that are hard to catch until an auditor finds them.
Exchange Rates, Set Up Once and Trusted
Exchange rates are maintained system-wide, and each currency can carry multiple user-defined rates alongside Spot, Closing, Budget and Average rates, so whichever rate basis a report needs, it’s already there.
Having Spot, Closing, Budget and Average rates all maintained in one place also means your management reporting and your statutory reporting can each use the rate basis appropriate to them, without anyone having to maintain two separate sets of rates by hand.
Revaluations That Show the Real FX Picture
Exchange rate variances are tracked and reported against General Ledger transactions as at any specified date, so foreign exchange gains and losses are visible rather than buried in the numbers.
That visibility matters for more than just the accounts: a business trading heavily in a currency that’s moving against it needs to know that early, not at year end, so decisions about pricing, hedging or supplier terms can be made with the real picture in view.