Foreign Currency Reporting - How To Video

This video walks through Foreign Currency Reporting

Administration

Before running your report, add the exchange rates (Administration -> Currency) for each currency and for each month within the date ranges of your reports. You can simplify your entry by selecting the option to Default Average Rate to previous month's EOM rate.

Note: When running reports, you might need to translate from one currency and back again. Both need to be entered for the reports to run properly. Example: COP to USD and USD to COP

My Leases

Functional Currency Translation

For leases with different local currencies but the same functional currency. Remember, all local to functional exchange rates must be entered for this date range in order for this report to work correctly. For months listed after the GL End Date, LeaseCrunch software uses the GL End Dates rates for translation.

Reporting Currency Translation

For leases that need to be translated into a reporting currency. Leases are in multiple currencies and one might need to be translated into another currency before finally being translated into the functional currency. Remember, all local to functional exchange rates must be entered for this date range in order for this report to work. For months listed after the GL End Date, LeaseCrunch uses the GL End Dates rates for translation.