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