Accolent ERP is a full-featured ERP system including functionality for Order Management, Order Processing, Rebates Management, Complex Pricing Methods, Product Cost Management, Inventory Management, Inventory Tracking and Control, Bill of Materials and Kitting, Purchasing Management, Warehouse Management System, Multicarrier Shipping, Sales and Use Tax, Comprehensive GAAP-compliant General Ledger, Accounts Payable, AP Automation, Accounts Receivable, and […]
Category: Multi-Currency
Selling to Foreign Currency Customers
Accolent ERP supports multi-currency through an API that delivers global FX Rates. Using the multi-currency module, an invoice can be created in foreign currency for a Customer. When the Invoice is created, Accounts Receivable/Sales will be debited/credited for the functional currency equivalent at that time. Subsequently when the Customer’s payment is received, Accounts Receivable will […]
Multi-Currency Overview and Setup
Accolent ERP supports multi-currency through an API that delivers global FX Rates. There are four important multi-currency setup steps: (1) Multi-currency is an optional module, and so must first be enabled, (2) Foreign Currencies and the functional currency then need to be set up, (3) Foreign Currency Vendors and Customers need be set up and […]
Purchasing from Foreign Currency Vendors
Accolent ERP supports multi-currency through an API that delivers global FX Rates. Using the multi-currency module, a PO can be created in foreign currency for a Vendor. When the PO is Received, Inventory will be debited for the functional currency equivalent at that time. Subsequently when the Vendor’s Invoice is received, Accounts Payable will be […]