Jim2® handles Multiple Currencies to help you manage foreign currency risk
Capable of handling your business
workflow end-to-end in a global economy.
More than just an accounting
- Customer Records
- High level FIFO Stock Control
- Live Business Analysis including productivity reporting
- Live Financials and now, fully integrated foreign currency
transactions and Reporting.
If your firm derives a significant part of its turnover from
international trade, exchange rate fluctuations can have a major
influence upon results. With a high turnover in foreign currencies,
those variations can make a big difference between profit and loss. The
resources required in maintaining high volumes of multiple currency
transactions, and reporting the impact currency fluctuations on them
accurately, impacts on your bottom line too.
Jim2® Multiple Currencies makes it easy for you to manage both unrealised
gains and losses (potential changes in the value of overseas
transactions) and realised gains and losses (the actual changes in the
value of your assets, liabilities and equity that occur when you
exchange foreign currency for your local currency) by providing
accurate, live transaction reporting as you work.
Jim2® – Making it Easy with Multiple Currencies
Jim2® Multiple Currencies allows for an unlimited number of definable
Foreign Currencies. Maintenance of Exchange Rates is easy to manage
using the Currency Rate table. Jim2® automates individual Spread Limit %
(swing) and 'Out of Date' warnings on each Currency to ensure accuracy
and encourage vigilance when dealing with the volatility of foreign
Jim2® Multiple Currencies removes any need for separate Debtor/Creditor
identities to trade in multiple currencies. The suite of practical
documents and professional business reports in Jim2® supports all
Multiple Currencies requirements.
The Jim2® Multiple Currencies Revaluation Session is a professional tool
for recording and reporting your foreign currency position. Fully
integrated into the functionality of Jim2® Business Engine, this feature
now reports your unrealised foreign exchange exposure at any point in
time, automatically creates the journals required when currencies are
revalued, with automatic Realisation journals created on full or part
payment of invoices.