Accounting Software | Multi-Currency Books
Functional, transaction, reporting currency. Realised and unrealised gain-loss posted.
100+ currencies. RBI reference rates by default, custom rate sources where needed. Functional currency per entity. Transaction in any currency. FX revaluation runs at period end. Realised on payment, unrealised on revaluation, both posted automatically.
What the system does
Capability, input, output.
| Capability | Input | Output |
|---|---|---|
| Functional + transaction + reporting currency | Three-tier hierarchy per entity | Books in functional, reports in any base |
| Rate sources | RBI reference rates + custom providers | Daily rate cache for posting |
| Period-end revaluation | Open FX positions + closing rate | Unrealised gain or loss posted to P&L |
| Settlement realisation | Payment / receipt in transaction currency | Realised gain or loss on settlement |
| Multi-currency consolidation | Entity ledgers in functional currency | Group view in any reporting currency |
| Historic rate retention | Rate history per currency pair | Audit-ready rate trail per posting |
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Functional + transaction + reporting currency
- Input
- Three-tier hierarchy per entity
- Output
- Books in functional, reports in any base
-
Rate sources
- Input
- RBI reference rates + custom providers
- Output
- Daily rate cache for posting
-
Period-end revaluation
- Input
- Open FX positions + closing rate
- Output
- Unrealised gain or loss posted to P&L
-
Settlement realisation
- Input
- Payment / receipt in transaction currency
- Output
- Realised gain or loss on settlement
-
Multi-currency consolidation
- Input
- Entity ledgers in functional currency
- Output
- Group view in any reporting currency
-
Historic rate retention
- Input
- Rate history per currency pair
- Output
- Audit-ready rate trail per posting
Compliance + integrations
FX done by the standard.
Ind-AS 21 / AS-11 applied per the entity's GAAP. RBI reference rates by default; custom rate sources for groups with treasury rate policies.
Regulations we work within
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Ind-AS 21 / AS-11
Functional, monetary, non-monetary distinction applied at posting.
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Section 43A, Income Tax Act
Capital asset FX impact handled separately from revenue impact.
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RBI FEMA reporting
Foreign-currency transactions captured for FEMA reporting (FLA, etc.).
Connects to
- RBI Reference Rates INR / FX daily rates
- Custom rate provider Per-currency rate source
Multi-Currency Books FAQ
What buyers ask.
Where do FX rates come from?
RBI reference rates by default for INR pairs. For other pairs (AED/SGD, USD/EUR), the system uses configurable rate providers. Custom rate sources (your own treasury rates, a specific provider) are supported per organisation.
Do we revalue daily or at period end?
Period-end revaluation is standard per Ind-AS 21 / AS-11. Daily revaluation is supported where the treasury policy requires it (typically for active FX trading entities). Most Indian businesses run period-end only.
IFRS vs Ind-AS treatment of FX gain or loss?
Both align on functional vs presentation currency principles. The differences (e.g., monetary vs non-monetary, capital vs revenue) are captured in the entity GAAP setting. Multi-GAAP per entity is supported.
How is FEMA reporting handled?
Foreign-currency transactions (imports, exports, ECB, dividend remittance) are tagged at posting. FEMA reports (FLA, Form 15CA/CB drafts) are generated from the tagged register. The CA reviews before submission.
More in Accounting Software
Related features
Post a foreign-currency bill. See the revaluation at period end.
Connect one entity, free. Post a USD or AED bill. Watch the period-end revaluation post automatically with the closing rate.