Tech Note: Understanding the Multi-Currency Feature in Bank Reconciliation

AccountMate’s Bank Reconciliation module provides you with the ability to record deposits, checks, and miscellaneous receipts and disbursements in the bank’s currency. It also provides the flexibility to record fund transfers between two banks using different currencies.

The Bank Reconciliation module facilitates easy and accurate bank account reconciliation by allowing you to reconcile bank accounts in their original currencies. You can also transfer to General Ledger the multi-currency bank transactions in both home and foreign currencies.

Article # 1252: Understanding the Multi-Currency Feature in Bank Reconciliation discusses how to best use the multicurrency feature in the Bank Reconciliation module. It also enumerates the Bank Reconciliation module’s reports that display multi-currency values.