DSD Multi-Currency Enhancements
Multi-Currency is a Sage 100 Enhancement Suite, developed exclusively by DSD Business Systems, for international and multinational companies that transact business in multiple currencies.
Core Multi-Currency Functions Available
Multi-Currency Compliance and Reporting Capabilities"
One may define an unlimited number of currency codes and designate any specific Foreign Currency for purposes of generating financial or subsidiary reports. Additionally, for reporting foreign company financials back into US Dollars, it is fully compliant with Financial Accounting Standards Board Section 52 requirements, including Multi-Company consolidations. It is also fully compatible with FRx and other separate financial reporting tools.
CUMC Multi-Currency for Sage 100 ERP (MAS 90, MAS 200) is invaluable for any international or multinational company. For each currency, the information includes the currency symbol, the currency name and its plural (for check printing purposes). Exchange rates for each currency (up to 8 decimal places) can be maintained on a daily basis, and optionally updated automatically. A table of exchange rates and their effective dates is kept.
This DSD enhancement is invaluable for any company that performs Invoice Entry or Check Printing involving foreign Vendors. Accounts Payable has been modified to allow Invoice Entry, Manual Check Entry, Check Printing, Inquiries and Report Printing in any currency. A Default Entry Currency and Activity Currency can be established for each Vendor. Differences in payment amounts, caused by exchange rate fluctuations between the time that the Invoice is posted and when it is paid, are posted to a user-defined (by division) General Ledger account. Additionally, all address fields have been modified to accommodate international addresses. Bank Codes have been modified to allow the user to specify the Banks Default Currency Code.
APMC gives Sage 100 users the ability to enter invoices, create checks, and print reports in any currency using any exchange rate. This enhancement is essential for any company making purchases from vendors in more than one country, since payment of that invoice is usually required in the vendor’s currency.
Multi-Currency Accounts Receivable for Sage 100 ERP is invaluable for any company that performs Invoice or Cash Receipts Entry involving international or foreign Customers. Accounts Receivable has been modified to allow Invoice Entry, Cash Receipts Entry, Inquiries and Report Printing in any currency. A Default Entry Currency and Activity Currency can be established for each Customer. Differences in payment amounts, caused by exchange rate fluctuations between the time that the Invoice is posted and when it is paid, are posted to a user-defined (by division) General Ledger Account. Bank Codes have been modified to allow the user to specify the Banks Default Currency Code. This module integrates fully with the Multi-Currency Sales Order Processing module, and it must be used with the CUMC Multi-Currency module. This is a member of the DSD Multi-Currency system for Sage 100.
BRMC Multi-Currency for Sage 100 ERP is invaluable to any company that must maintain Bank Account Balances in foreign currencies. Checks, Deposits and Adjustments from Accounts Payable, Accounts Receivable and General Ledger are posted in the Bank’s Currency. The Bank Reconciliation Register, Recap Report, and the Estimate Cash Flow Analysis Report are printed in each Bank’s Currency.
This module is fully integrated with Accounts Payable, Accounts Receivable and General Ledger. The Multi-Currency General Ledger module is required. BRMC provides the Sage 100 ERP (MAS 90, MAS 200) user with the ability to reconcile bank accounts in their original currency. Checks, deposits and adjustments posted from the Accounts Payable, Accounts Receivable and General Ledger modules are stored in the Bank’s Currency. This allows the user to reconcile bank accounts easily and accurately.
FXMC Multi-Currency for Sage 100 ERP (MAS 90, MAS 200) allows for a Multi-Currency program to be configured in Windows Scheduler, which will access the Daily Exchange Rate tables on the DSD server and install them into the Currency Rate Tables for all Companies. The FXMC module is installed as a separate enhancement, but is configured in the Multi-Currency Options.
Important: The pricing shown is for v4.00 and greater systems only. Pricing for prior versions is higher because CUMC (Base Multi-Currency Module) features are included in GLMC before 4.00. Therefore, the cost of prior versions of GLMC is the price shown above plus the price of CUMC (part of the price of GLMC was split out to CUMC starting with 4.00).
GLMC Multi-Currency for Sage 100 ERP (MAS 90, MAS 200) is invaluable for any international or multinational company. Reports, including standard and custom financial statements, can be printed in any currency, and at any override rate. Also if FASB52 is needed, they can be printed to FASB 52 requirements. The import and export of account balances and detail transactions can be done in any currency, with exchange rate conversions performed automatically.
The core Sage 100 Multi-Currency module allows users to perform the following:
- Define daily exchange rates for each currency, or less often, if needed.
- Print reports in any currency, using any exchange rate.
- Make an entry for each currency that includes: The currency’s name, as well as its plural for check writing purposes A log of exchange rates and their effective dates for archiving purposes.
The Multi-Currency Inventory Management for Sage 100 enhancement provides users with the ability to set up a different price and cost for each item per Currency. You may also set up price levels in different currencies, by item or customer, and print price level reports by Currency. This enhancement is essential for any company quoting and making sales in more than one currency.
POMC Multi-Currency Purchase Order for Sage 100 is invaluable for companies that performs Purchase Order Processing involving international or foreign Vendors. Purchase Order Processing has been modified to allow Order, Receipt of Goods and Receipt of Invoice Entry, Inquiries and Report Printing in any currency. An Entry Currency and Display Currency may be established for each Vendor (in Accounts Payable). All address fields have been modified to accommodate international addresses.
A member of DSD’s Multi-Currency family of Sage 100 ERP (MAS 90, MAS 200) enhancements, POMC integrates fully with DSD’s IMMC Multi-Currency Inventory Management module. It must be used with the APMC Multi-Currency Accounts Payable and C/X Currency modules.
RAMC Multi-Currency Return Merchandise Authorization (RMA) for Sage 100 ERP enhancement provides the Sage 100 ERP user with the ability to generate RMAs and Receipts in different currencies. The Generate Transactions feature allows creation of Sales Orders and Credit Memos in the RMA Currency and Purchase Orders and PO Returns in the Vendor Currency. Foreign Prices and Levels setup in the Inventory Management module may be used. Reports may be printed in Entry or Base Currency.
SOMC Multi-Currency for Sage 100 is invaluable for any company that performs Order or Invoice Entry involving international or foreign Customers. Sales Order Processing has been modified to allow Order and Invoice Entry, Inquiries and Report Printing in any currency. A default Entry Currency and a Display Currency can be setup for each Customer (in Accounts Receivable). All address fields have been modified to accommodate international addresses. This module integrates fully with the Multi-Currency Inventory Management module, and it must be used with the Multi-Currency Accounts Receivable and the C/X Currency modules. This is a member of the DSD Multi-Currency system for Sage 100 ERP.
DSD Multi-Currency Blogs
Sage 100 Multi-Currency Series: Three Use Cases for U.S. Based Companies
Jon Reiter explains three use cases in which certain US-Based companies have very specific needs for Multi-Currency and how DSD Enhancements can help.
Sage 100 Multi-Currency Enhancements: How to Know Which Are Right for You
DSD Business Systems has 11 Multi-Currency modules available for Sage 100, and each one is specific to a different business need for foreign currency processing. Learn which one is right for you based on your organization's needs.
What is FASB 52 and How does DSD Multi-Currency address it?
Jon Reiter breaks down reporting needs for U.S. corporations that have foreign subsidiary companies and how those organizations can stay compliant with DSD Multi-Currency.
Sage 100 Multi-Currency Series: Your Guide to Setting Up FASB 52
Jon Reiter describes the “how” of FASB 52, specifically the exact steps in the setup of DSD’s Multi-Currency FASB 52 reporting. See the eight easy steps in quickly setting up FASB 52.