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Sage MAS 500 Multi-Currency Management provides a comprehensive, efficient solution for managing multiple currencies and increasing tracking accuracy. It provides automatic posting of realized gains and losses due to currency rate fluctuations. Multi-Currency Manager users can set up an unlimited number of exchange rate schedules for maximized flexibility. The extensive use of mouse point-and-click selections eliminates unnecessary keystrokes. With complete integration across the suite of Sage MAS 500 modules, staff productivity is maximized.
Quick Links
Screen Shots	Activities	Reports Example	Setup
Utilities	Integration
Operational Flexibility
Maintain Exchange Rates	Use Maintain Exchange Rates to create and maintain exchange rate schedules. The hierarchical display of exchange rate schedules, source currencies, target currencies, and exchange rates assists creation and modification of exchange rates. Exchange rate schedules can: contain exchange rates for any number of currencies, apply to all companies or be company-specific, apply to all customers or be customer-specific, and apply to all vendors or be vendor-specific	Flexible Exchange Rate Schedules	You can create an unlimited number of exchange rate schedules. This allows you to select specific exchange rates during transaction entry. You can write general exchange rates that can be shared by customers or vendors. You can also create schedules that are global to all companies, specific to a company, or specific to a customer or vendor.
Effective and Expiration Dates	Maintain both an effective and expiration date for each exchange rate schedule.	Flexible Exchange Rate Maintenance	You can update exchange rates daily from the source currency to the target currency, with the provision to maintain a current or spot rate.
Customized Schedules	You can set up standard exchange rates for the sell rate and for the buy rate that you define for a company. You can also designate any other schedules as belonging to an individual company.
Set Up
Multi-Year history Retention	Historical and transactional storage of currency exchange rates allow insight into year-to-year comparisons, trends, and analysis. You can specify the fiscal year to use for printing Multi-Curreny Management reports.	Set Up Currencies	Use Set Up Currencies to maintain the home and natural currency information. This information includes the symbols used to display the monetary values and General Ledger’s gain and loss accounts associated with the currency.
Activities
Revalue AP, AR, and GL	The revaluation tasks, Revalue AP, Revalue AR, and Revalue GL, enable you to revalue natural currency accounts and transactions. You can use these tasks to determine the actual transaction amounts and account values as of a certain date.	Detail Revaluation	You can revalue Accounts Receivable and Accounts Payable transactions by revaluing each individual invoice and voucher. An automatic reversal occurs in the next fiscal period. The revaluation process produces an audit report that can be used to reconcile Accounts Receivable or Accounts Payable accounts to General Ledger accounts.
Summary Revaluation	Sage MAS 500 also performs a General Ledger revaluation process at the account level to record unrealized gains and losses with an automatic reversal that occurs in the next fiscal period.	Process Batches Quickly and Easily	You enter all transactions, such as Accounts Receivable, Accounts Payable, and General Ledger revaluations in batches. You can restrict users from overriding batch entry information or making changes to established settings.
Cross-Rate Derivation	You can derive cross rates. For example, assume your Australian sales office has purchased goods from Hong Kong. Even though you do not maintain an exchange rate schedule between the Australian dollar and the Hong Kong dollar, with the Multi-Currency Management module you can resolve the settlement amount if you maintain a home currency schedule with each of the currencies involved.	Recognize Gains and Losses	Using the exchange rate schedules, Sage MAS 500 records gains and losses due to fluctuations in currency rates. You can specify General Ledger accounts for unrealized and realized gains and losses, and revaluation gains and losses for each currency.
Allow Exchange Rate Overrides	If you allow exchange rate overrides, you can edit the exchange rates used in transactions such as vouchers and invoices. Otherwise, the exchange rate is fixed at the rate specified in the schedule assigned to the transaction.	Detail/Summary Options to AP	If you select Detail as the Accounts Payable revaluation method, each voucher is revalued individually when you run AP Revaluation. If you select Summary, the accounts that are identified as Accounts Payable accounts in Maintain Vendor Class are revalued when you run GL Revaluation. If you select None, no revaluation is performed.
Detail/Summary Options to AR	If you select Detail as the Accounts Receivable revaluation method, each invoice is revalued individually when you run AR Revaluation. If you select Summary, the accounts that are identified as Accounts Receivable accounts in Maintain Customer Class are revalued when you run GL Revaluation. If you select None, no revaluation is performed.
Screen Shots
	Schedule Properties		Set Up MC Options
	Customize Batches		Revalue AP
	Edit AP Revaluation		Revalue AR
	Edit AR Revaluation		Revalue GL
	Currency Conversion in AR		Currency Conversion in AP
	Purge MC Data
Useful Utilities
Purge MC Data		Use this task to remove Multi-Currency Management data, specifically, exchange rate information that is no longer needed. You specify the type of schedules from which you want to purge data and/or specify a range of schedules from which to purge data.
Integration With Other Sage MAS 500 Modules
You can use Multi-Currency Management with General Ledger only or integrated with additional modules. In an integrated system, modules share common information with related modules. This sharing eliminates double entry of information that is already stored in Sage MAS 500. The modules that can be integrated with Multi-Currency Management are: General Ledger (required), Accounts Receivable, Accounts Payable, Cash Management, Sales Order, Purchase Order, and Advanced Consolidations. General Ledger The integration of General Ledger with Multi-Currency Management makes the following options available in Multi-Currency Management: General Ledger Gain and Loss Accounts, Posting to General Ledger, Revaluing General Ledger, and Running a Trial Balance for Accounts. Accounts Receivable If you integrate Multi-Currency Management with Accounts Receivable, the following options become available in Accounts Receivable: Multiple Currencies, Exchange Rate Override, Revaluing Accounts Receivable, Running a Trial Balance for Customers, Aging Receivables, and Currency Cross-Rate Deviation. Accounts Payable If you integrate Multi-Currency Management with Accounts Payable, the following options become available in Accounts Payable: Multiple Currencies, Exchange Rate Override, Revaluing Accounts Payable, Running a Trial Balance for Vendors, Aging Payables, and Currency Cross-Rate Derivation. Cash Management If you integrate Multi-Currency Management with Cash Management, the following options become available in Cash Management: Multiple Currencies, Default Exchange Rate, Exchange Rate Override, and Currency Cross-Rate Derivation. Sales Order If you integrate Multi-Currency Management with Sales Order, the following options become available in Sales Order: Multiple Currencies, Exchange Rate Override, and Currency Cross-Rate Derivation. Purchase Order If you integrate Multi-Currency Management with Purchase Order, the following options become available in Purchase Order: Multiple Currencies, Exchange Rate Override, and Currency Cross-Rate Derivation. Advanced Consolidations If you integrate Multi-Currency Management with Advanced Consolidations, the following options and restrictions apply in Advanced Consolidations: Requirements, Multiple Currencies, Currency Translations and Posting, Exchange Rate Override, and Currency Cross-Rate Derivation.
Reports
MC Aged Payables	MC Aged Receivables	MC Customer Trial Balance	MC Vendor Trial Balance

Multi-Currency Overview