Skip to content

Accounting Software | Multi-Currency Books

Functional, transaction, reporting currency. Realised and unrealised gain-loss posted.

100+ currencies. Your rate policy applied consistently rather than whatever was on someone's screen that morning. Functional currency per entity, transactions in any currency, and FX revaluation at period end. Realised on payment, unrealised on revaluation, both posted automatically with the rate stored on the entry.

Start free trialBook a demo
Multi Currency Books

What the system does

Capability, input, output.

  • Functional + transaction + reporting currency

    Input
    Three-tier hierarchy per entity
    Output
    Books in functional, reports in any base

  • Rate sources

    Input
    Your rate source, applied per currency pair
    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.

SFRS(I) 1-21 applied per the entity's framework. The rate source is your policy decision. What the system guarantees is that the same policy is applied everywhere and that the rate used is kept on the entry rather than re-derived at the audit.

Regulations we work within

  • SFRS(I) 1-21

    Functional, monetary and non-monetary distinction applied at posting.

  • GST Act

    Conversion for GST accounted at the tax point, with the rate retained.

  • Rate policy

    One source per currency pair, applied consistently and auditable after the fact.

Connects to

  • Rate provider Your chosen source, per currency pair
  • Bank feeds Settlement rates captured as they actually occurred

Multi-Currency Books FAQ

What buyers ask.

Where do FX rates come from?

From whichever source you decide, configured per currency pair. Singapore does not mandate one, which is freedom and also a trap: teams end up with the bank's rate on payments, a published rate on invoices and a third one in the revaluation, and the differences look like trading results. The system's contribution is consistency and a stored rate on every entry, not an opinion about which provider is best.

Do we revalue daily or at period end?

Period-end revaluation is the standard treatment under SFRS(I) 1-21. Daily revaluation is supported where treasury policy requires it, which for a group holding several currencies with real exposure is worth considering. Most companies run period-end only, and that is usually right.

Our parent reports under IFRS. Does that change the treatment?

Barely, which is the point of SFRS(I) being aligned with IFRS. Functional and presentation currency work the same way, so the group pack and the statutory accounts come off the same postings. Multi-GAAP per entity is supported for the cases where a subsidiary genuinely reports on a different basis.

Are there exchange controls we need to report against?

No, and it is worth stating plainly because finance teams arriving from markets that have them keep looking for the form. Singapore does not restrict currency movement, which is a large part of why regional treasury sits here. The obligation is to account for it correctly, not to report it to anyone, so the page you are reading is about accounting rather than filing.

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.

Start free trialBook a demo