Bring every currency into focus.

1. Closing rates

   Start with the approved rates for each currency and reporting period.

   Recognize October product revenueJE-21112

   Closing rates

2. Reconcile

   Match cash movements and resolve differences before reviewing your foreign-currency balances.

   Recognize October product revenueJE-21112 · Controller

   ReconcileBy Controller
   ApprovalStart revaluation from reconciled balances. The controller independently approves the bank reconciliations before the close moves forward.

3. Revalue

   See how exchange-rate changes affect the monetary balances still on your books.

   Recognize October product revenueJE-21112

   Revalue

4. Review

   Give your controller the calculations and exceptions needed to approve the close adjustments.

   Recognize October product revenueJE-21112 · Controller

   ReviewBy Controller
   ApprovalReview the proposed exchange adjustments before they reach the ledger. The controller checks the supporting calculations independently of the preparer.

5. Post

   Post approved adjustments and complete the checks for each entity's close.

   Recognize October product revenueJE-21112

   Post

6. Consolidate

   Bring entity results into your reporting currency with reviewed eliminations and group sign-off.

   Recognize October product revenueJE-21112 · Controller

   ConsolidateBy Controller
   ApprovalGive group reporting a clear sign-off. A controller independently reviews translated balances and eliminations before the consolidation is locked.

Start with Multi-currency period close

Roles and permissions

Overview×

Multi-currency Accounting · Overview

Multi-currency Accounting dashboard

This quarter

Bills in view

6

Total amount

2,620

Bill

3

Vendor credit

3

Journal entries by status

How far records got this quarter

Stage		Reached	Step
Draft		34
Pending approval		13	38%
Posted		4	31%
Reversed		1	25%

Exchange rate by status

Sample totals per stage

2.0k0

-1000Draft

-4000Pending approval

-6000Posted

2.0kReversed

2.0kRejected

1. 01Trial Balance

   Every account per entity per period with opening, movement and closing in functional currency, and a reporting-currency column tied to the selected translation context. The anchor for everything else.

2. 02Balance Sheet

   Per entity and consolidated, comparative to prior period and prior year, in functional or reporting currency, with the fixed-asset roll-forward as a supporting schedule.

3. 03Income Statement

   Per entity and consolidated, month, quarter-to-date and year-to-date, with realised and unrealised exchange differences on their own lines so the FX effect is never buried in other income.

4. 04Cash Flow Statement

   Indirect method, with the effect of rate changes on cash held in foreign currencies shown as its own reconciling line.

5. 05Consolidation Worksheet

   Each account with one column per entity in reporting currency, an eliminations column, a non-controlling interest column and the consolidated figure, for a calculated or locked run. The Controller's review screen and the auditor's walk from entity to group.

6. 06AR Aging

   Open invoices by days past due, customer and entity, in transaction currency for collections and functional currency for exposure.

7. 07AP Aging

   Open bills by days past due, vendor, entity and currency; grouped by currency it is the forecast of foreign cash needed for the coming pay runs.

8. 08FX Gain and Loss Summary

   Realised differences from settlements and transfers and unrealised differences from revaluation, per entity, currency and period, each traceable to the application, transfer or revaluation line. Read by the treasurer for exposure and by the auditor for the FX line on the income statement.

9. 09Foreign Currency Exposure

   The net open position per entity per foreign currency: receivables, bank balances and intercompany receivables less payables, loans and intercompany payables, at booked functional value and at today's rate. What the Treasury Analyst hedges and what the pay run is positioned against.

All reports and dashboards

OverviewMulti-currency close×

Multi-currency Accounting · Process

Multi-currency close

Each stage, the role that acts and the status it records

Process stages

12

Approval steps

3

Roles involved

7

Tables touched

51

Period open and rate loadApproval

Treasury Analyst, Controller

StatusFuture → Open

RecordsAccounting periods, Rate exceptions, Rate overrides

Receivables in the customer's currencyApproval

Controller, AR Clerk

StatusDraft → Posted

RecordsRevaluation settlements, Payment applications, Credit applications

Bank activity, transfers and reconciliationApproval

Treasury Analyst, GL Accountant, Controller

StatusBalanced → Approved

RecordsRevaluation settlements, Bank statement lines, Bank reconciliations

Multi-currency close

1. Start

   Master data setupTreasury Analyst, Controller, AP Clerk

   Contact bank accounts
2. Approval

   Period open and rate loadFuture → Open

   Accounting periods
3. Approval

   Receivables in the customer's currencyDraft → Posted

   Revaluation settlements
4. Approval

   Payables in the vendor's currencyController, AP Clerk

   Bill payment applications
5. Approval

   Bank activity, transfers and reconciliationBalanced → Approved

   Revaluation settlements

See each stage in detail

1. Map the group

   Agree the functional and reporting currencies, ownership and group consolidation unit. Map each entity’s calendar to group reporting periods. Review the chart, monetary-account flags, rate policies and historical equity rates. Assign owners for tax configuration, approval limits, bank controls and the close checklist. Record which local reporting requirements need additional configuration or external specialist review.

2. Configure roles and masters

   Set entity access, approval limits in each person’s limit currency, delegation rules and separation of duties. Load currencies, accounts and entity references in dependency order, followed by periods, rates, bank accounts and contacts. Verify vendor bank details and supported bank formats. Test missing-rate handling and approved rate overrides before loading transactions.

3. Rehearse the close

   Use representative invoices, bills, partial settlements and bank movements. Exercise a receipt awaiting allocation, a returned payment and a corrected application. Reconcile the banks before revaluation, then review postings and consolidation. Check that Delta and reversing revaluation methods clear settlements without counting prior exchange differences twice. Each role rehearses its approvals and exceptions.

4. Reconcile the migration

   Load the approved opening trial balance and imported open documents against a documented cutover schedule. Load imported open items without posting and include their reconciled control balances in the opening journal. Link each item to that journal and its migration batch. Do not post the same balances again when importing the documents. Reconcile original foreign amounts, current carrying values, accumulated revaluation, unapplied cash, assets and intercompany balances to the old ledger before any live posting.

5. Go live by entity

   Launch each entity after its finance owner signs off the rehearsal and reconciled opening balances. Define the reporting bridge for entities still in the old system and prove it before the first group consolidation. Freeze the old ledger at the agreed cutover and retain its evidence for audit access.

Read the implementation plan