What does the multi-currency module do?
4Q’s multi-currency module enables you to maintain all account balances in two currencies: your native currency and any other currency that you’ve entered into the system. 4Q uses a dual-currency system to record all foreign currency amounts in your own currency at current exchange rates.This enables you to: • bill, pay, and collect funds in various other currencies • report revenues and expenses transacted in a foreign currency in both that and your native currency. The multi-currency module supports an unlimited number of foreign currencies, and an unlimited number of exchange rates for each currency. Each exchange rate is date and time stamped. The system will use the exchange rate in effect at the time of the entry.
