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Foreign Currency

With Tencia you can enter purchase orders, creditor’s invoices, sales orders, debtor invoices, General Ledger payments and journals and credit notes in a foreign currency.

Tencia allows for centralised cash related transactions, for currencies in addition to the local currency.

  • Nominate a default foreign currency code for individual debtors and creditors.
  • The foreign currency rate can be maintained daily or at a frequency that suits your individual requirements.
  • Override the default foreign currency rate, during a transaction by entering a transaction “currency rate”.
  • Reports such as the debtors and creditors trial balance reports can be printed using either the “default rate” or “transaction rate”.
  • Optionally when printing debtors statements or creditors remittance a currency code can be selected.
  • Inquiries can be performed to display local currency values and foreign currency values.
  • Foreign Currency transactions are entered in the nominated currency of the bank account e.g. US dollars.
  • Automatic calculation of local currency amount based upon conversion rates entered during data entry.
  • Ability to revalue transactions allowing for unrealised and realised foreign exchange losses/gains to be generated.
  • Automatically generate the necessary journals for revaluation of transactions.
  • Print Cash Book reports such as the transaction list, in either local and/or the foreign currencies.
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