Currency & Exchange Rate Management
180 currencies pre-loaded. Set your base currency, manage exchange rates, and let OikikBooks handle the conversions on every transaction.
- 180 currencies pre-loaded
- Base / functional currency per organization
- Exchange rate on transaction date
- Rate history and management
FX Gain/Loss on Settlement
When you settle a foreign currency invoice at a different rate than when it was posted, OikikBooks automatically calculates and posts the realized FX gain or loss.
- Realized FX gain/loss on payment settlement
- Automatic GL posting
- Per-transaction FX tracking
- Multi-currency invoices, bills, and vouchers
Period-End Revaluation
At period-end, revalue outstanding foreign currency balances to the closing rate. Auto-reversing entries ensure clean next-period opening.
- Unrealized FX revaluation at period-end
- Auto-reversing revaluation entries
- Closing rate application
- Revaluation gain/loss report
All 12 Accounting Modules
Each module integrates seamlessly with your general ledger.