With Tencia you can enter purchase orders, creditor’s invoices, sales orders, debtor invoices, General Ledger payments and journals and credit notes in a foreign currency.Tencia allows for centralised cash related transactions, for currencies in addition to the local currency.
-
Nominate a default foreign currency code for individual debtors and creditors.
-
The foreign currency rate can be maintained daily or at a frequency that suits your individual requirements.
-
Override the default foreign currency rate, during a transaction by entering a transaction “currency rate”.
-
Reports such as the debtors and creditors trial balance reports can be printed using either the “default rate” or “transaction rate”.
-
Optionally when printing debtors statements or creditors remittance a currency code can be selected.
-
Inquiries can be performed to display local currency values and foreign currency values.
-
Foreign Currency transactions are entered in the nominated currency of the bank account e.g. US dollars.
-
Automatic calculation of local currency amount based upon conversion rates entered during data entry.
-
Ability to revalue transactions allowing for unrealised and realised foreign exchange losses/gains to be generated.
-
Automatically generate the necessary journals for revaluation of transactions.
-
Print Cash Book reports such as the transaction list, in either local and/or the foreign currencies.