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ERP.AI Multi-currency Accounting

Multi-currency Accounting

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Modules

General ledgerKeep transaction amounts, functional values and approval evidence together across journals, close adjustments and group reporting. Currencies and ratesKeep the source, purpose and approval behind every exchange rate, from document posting to group reporting. RevaluationRestate foreign-currency balances with clear sign conventions, item-level carrying values and independent approval. ReceivablesKeep customer balances, cash received and exchange differences clear across invoicing, collection and settlement.
PayablesReview supplier bills and payment authority, then reconcile cash, withholding and exchange differences without losing the original evidence. BankingReconcile each bank account in its own currency, recognise unmatched cash and retain the evidence behind transfers and payment outcomes. Intercompany and consolidationAgree cross-entity activity, preserve each company’s books and review translation and eliminations in the group reporting currency. Period closeCoordinate close dependencies, review supporting workings and keep reporting periods separate from later postings.

Multi-currency Accounting

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Processes

Multi-currency period closeApprove reconciliations, revalue supported balances, review the close and consolidate each entity into the group reporting currency. Invoice to cash in a foreign currencyInvoice customers in their currency, record cash when it arrives, and reconcile each application with the amount owed and its current carrying value. Bill to paymentReview supplier bills, approve spending within recorded authority, and track payments, currency differences and rejected-bank attempts through to reconciliation.
Revaluation runRestate foreign-currency balances with item-level workings, independent approval and a clear basis for later settlement. Intercompany to eliminationAgree intercompany transactions, post each entity in its own period, reconcile balances and review consolidation differences. Consolidation and translationTranslate entity results into the group currency, review eliminations and adjustments, and approve a reproducible consolidation.

Multi-currency Accounting

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Industries

Groups with subsidiaries abroadA parent and several subsidiaries, each with its own functional currency and calendar, consolidating monthly into one reporting currency with intercompany traffic between them. Exporters and importersA single entity that buys and sells in currencies other than its own: foreign-currency invoices and bills, currency bank accounts, realised differences on every settlement, no consolidation.
Global services and software firmsConsultancies, agencies and software companies billing customers in many currencies from entities in a few, with high invoice volume, subscription and milestone billing, and recharges between entities for shared staff. Shared-service finance centresOne finance team closing many entities in many currencies on behalf of a group, with segregation by entity, one checklist per entity and one dashboard across them.

Multi-currency Accounting

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Reference

Roles and permissionsGive each person the access they need, with clear limits and independent financial approvals. Reports and dashboardsThe statements and schedules a multi-currency finance team runs on, each with what it answers and who reads it, all drawn from the same postings as the ledger. Data modelExplore the records and relationships behind your ledger, from source documents to group reporting.
IntegrationsConnect your ledger to the banks, billing tools and reporting systems your finance team already uses. ImplementationMove your books with a controlled migration, a rehearsed close and a launch plan for each entity. AI agentsHelp your finance team prepare work and investigate exceptions, with access scoped to each entity.

Multi-currency Accounting

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All systems
Modules
General ledgerKeep transaction amounts, functional values and approval evidence together across journals, close adjustments and group reporting.Currencies and ratesKeep the source, purpose and approval behind every exchange rate, from document posting to group reporting.RevaluationRestate foreign-currency balances with clear sign conventions, item-level carrying values and independent approval.ReceivablesKeep customer balances, cash received and exchange differences clear across invoicing, collection and settlement.PayablesReview supplier bills and payment authority, then reconcile cash, withholding and exchange differences without losing the original evidence.BankingReconcile each bank account in its own currency, recognise unmatched cash and retain the evidence behind transfers and payment outcomes.Intercompany and consolidationAgree cross-entity activity, preserve each company’s books and review translation and eliminations in the group reporting currency.Period closeCoordinate close dependencies, review supporting workings and keep reporting periods separate from later postings.
Processes
Multi-currency period closeApprove reconciliations, revalue supported balances, review the close and consolidate each entity into the group reporting currency.Invoice to cash in a foreign currencyInvoice customers in their currency, record cash when it arrives, and reconcile each application with the amount owed and its current carrying value.Bill to paymentReview supplier bills, approve spending within recorded authority, and track payments, currency differences and rejected-bank attempts through to reconciliation.Revaluation runRestate foreign-currency balances with item-level workings, independent approval and a clear basis for later settlement.Intercompany to eliminationAgree intercompany transactions, post each entity in its own period, reconcile balances and review consolidation differences.Consolidation and translationTranslate entity results into the group currency, review eliminations and adjustments, and approve a reproducible consolidation.
Industries
Groups with subsidiaries abroadA parent and several subsidiaries, each with its own functional currency and calendar, consolidating monthly into one reporting currency with intercompany traffic between them.Exporters and importersA single entity that buys and sells in currencies other than its own: foreign-currency invoices and bills, currency bank accounts, realised differences on every settlement, no consolidation.Global services and software firmsConsultancies, agencies and software companies billing customers in many currencies from entities in a few, with high invoice volume, subscription and milestone billing, and recharges between entities for shared staff.Shared-service finance centresOne finance team closing many entities in many currencies on behalf of a group, with segregation by entity, one checklist per entity and one dashboard across them.
Reference
Roles and permissionsGive each person the access they need, with clear limits and independent financial approvals.Reports and dashboardsThe statements and schedules a multi-currency finance team runs on, each with what it answers and who reads it, all drawn from the same postings as the ledger.Data modelExplore the records and relationships behind your ledger, from source documents to group reporting.IntegrationsConnect your ledger to the banks, billing tools and reporting systems your finance team already uses.ImplementationMove your books with a controlled migration, a rehearsed close and a launch plan for each entity.AI agentsHelp your finance team prepare work and investigate exceptions, with access scoped to each entity.
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Multi-currency Accounting References
Integrations4 of 6
  • Roles and permissions1 of 6
  • Reports and dashboards2 of 6
  • Data model3 of 6
  • Integrations4 of 6
  • Implementation5 of 6
  • AI agents6 of 6

Integrations

Connect your ledger to the banks, billing tools and reporting systems your finance team already uses.

Keep the tools that support your finance team and agree the connections needed for your accounting rollout. Each integration needs validated field mapping, its own access scope and clear handling for failed or repeated messages. Availability and delivery formats are verified during implementation.

Multi-currency AccountingShared data, controlled access RatesRate feedsin Treasury management systemin BanksStatement feedsin Payment filesout Documents in and outBilling and order...Invoices ↕ Procurement and expensesBills ↓ Payrollin Card processorsCurrencies ↓ Tax and auditTax enginesout E-signaturein and out Audit exportout Group reportingBI and planningout Group ledgerout Your agent
  • Rates
    • Rate feedsin
    • Treasury management systemin
  • Banks
    • Statement feedsin
    • Payment filesout
  • Documents in and out
    • Billing and order managementInvoices · in and out
    • Procurement and expensesBills · in
    • Payrollin
    • Card processorsCurrencies · in
  • Tax and audit
    • Tax enginesout
    • E-signaturein and out
    • Audit exportout
  • Group reporting
    • BI and planningout
    • Group ledgerout
  • Agents
    • Your agentWorks within the permissions you assign

Rates

  • Rate feeds. Import approved spot and closing rates from the selected provider by currency pair, type and date. Agree provider access, supported pairs and the process for resolving gaps before enabling scheduled loads.
  • Treasury management system. Exchange rate schedules, approved treasury journals and exposure reports through a configured connection. Hedge valuation and hedge accounting remain in the treasury system and require finance review before journals reach the ledger.

Banks

  • Statement feeds. Import statements through supported APIs or files in each account’s currency. Configure matching rules and exception ownership; unmatched incoming cash is recorded as unapplied cash before allocation.
  • Payment files. Agree and test each required bank format, whether ACH, SEPA, wire or another supported route. Export authorised runs to verified beneficiary details. Bank acknowledgements identify accepted, rejected and returned payments, with reversal and retry handling tested before launch.

Documents in and out

  • Billing and order management. Map invoices, credit memos and payment status to the correct entity and currency. Preserve source identifiers so resending a document does not create another posting.
  • Procurement and expenses. Keep purchase orders and receipts in the procurement system where appropriate and return reference-check results to the bill. Use the reviewed non-PO route for bills that do not require those references.
  • Payroll. Import balanced salary journals per entity, with the required approval and a source reference for reconciliation. Payroll calculation stays in the payroll system.
  • Card processors. Map gross receipts, fees and withheld amounts separately so the net bank movement reconciles with customer applications in their respective currencies.

Tax and audit

  • Tax engines. Scope the required jurisdictions, rate sources and filing formats with the finance owner. Verify calculation and export mappings; the presence of tax records does not establish coverage for every authority.
  • E-signature. Where needed, connect the selected signature service and retain the approved evidence with the relevant decision. Confirm that the integration supports the required signing workflow.
  • Audit export. Give auditors read-only access to the permitted entity and period evidence. Verify the required export format and the records that must accompany it.

Group reporting

  • BI and planning. Export approved ledger and consolidation results with their entity, period and rate context. Review budget-version imports separately from actual postings.
  • Group ledger. If consolidation remains elsewhere, agree the closed trial-balance export, mappings and adjustment ownership. Reconcile the receiving ledger to the export totals.

How connections are governed

service accounts, audit, pausing

Use a separate identity and entity scope for each connection, and retain source references and processing outcomes. Test replay protection, error recovery and pause controls during implementation. Missing required rates block the affected posting until an approved rate is supplied; feed failure does not silently authorise an older rate. An integration cannot bypass the approvals or access rules applied to the same work in the interface.

The API is one more client of the same interface. AI agents →

# Example work after configuration $ curl -fsSL https://www.erp.ai/skill.md › Show the required closing rates still missing for my entities. › Prepare a draft revaluation for the selected accounting period. › List the supporting calculations for the Controller to review. › Show receipts with unapplied amounts and suggest matching invoices. › Collect rejected payments and the evidence needed before retry. › Find disputed intercompany balances for this group reporting period.
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