Jim2® handles Multiple Currencies to help you manage foreign currency risk
Capable of handling your business workflow end-to-end in a global economy.
More than just an accounting product, Jim2 manages:
- Customer Records
- High level FIFO Stock Control
- Live Business Analysis including productivity reporting
- Live Financials and now, fully integrated foreign currency transactions and Reporting
If your firm derives a significant part of its turnover from international trade, exchange rate fluctuations can have a major
influence upon results. With a high turnover in foreign currencies, those variations can make a big difference between profit and loss. The resources required in maintaining high volumes of multiple currency transactions, and reporting the impact currency fluctuations on them accurately, impacts on your bottom line too.
Jim2 Multiple Currencies make it easy for you to manage both unrealised gains and losses (potential changes in the value of overseas transactions) and realised gains and losses (the actual changes in the value of your assets, liabilities and equity that occur when you exchange foreign currency for your local currency) by providing accurate, live transaction reporting as you work.
Jim2® – Making it Easy with Multiple Currencies
Jim2 Multiple Currencies allow for an unlimited number of definable Foreign Currencies. Maintenance of Exchange Rates is easy to manage using the Currency Rate table. Jim2 automates individual Spread Limit % (swing) and 'Out of Date' warnings on each Currency to ensure accuracy, and encourage vigilance when dealing with the volatility of foreign exchange.
Jim2 Multiple Currencies removes any need for separate Debtor/Creditor identities to trade in multiple currencies. The suite of practical documents and professional business reports in Jim2 supports all Multiple Currencies requirements.
The Jim2 Multiple Currencies Revaluation Session is a professional tool for recording and reporting your foreign currency position. Fully integrated into the functionality of Jim2 Business Engine, this feature now reports your unrealised foreign exchange exposure at any point in time, automatically creates the journals required when currencies are revalued, with automatic Realisation journals created on full or part payment of invoices.