CurrencyFYI2019-05-10T03:13:40-04:00

CurrencyFYI.

Quickly translate multi-company balances into a single currency for financial reporting with FYIsoft’s multi-national organizations currency translation software.

CURRENCY CONVERSION FOR FINANCIAL REPORTING

CurrencyFYI is a cloud-based currency converter and calculator software that translates your financial statements in foreign currency by converting balances from one denomination into another currency, or into many other currency denominations.

CurrencyFYI completes the translation calculations outside the general ledger. This approach provides the flexibility needed to evaluate your financial position daily, weekly, monthly, or at an interval that best suits your business needs.​

SCHEDULE A DEMO

Translate Currencies by Account Type

Accounting standards demand a consistent translation methodology in order to provide a true reflection of economic circumstances and potential drawbacks. CurrencyFYI conforms to these accounting standards through its ability to translate by account type, based on the following methods:

  • Spot or Average Rate Method – Provides several methods to use: number of monthly rates, number of days in the month, or a rate entered
  • Period or Month-End Method – Uses a single monthly rate
  • Historical Rate Method – Uses the rate on the original transaction date​

Schedule a Demo

See the benefits of converting currencies outside your general ledger.

Schedule a brief demo to learn how FYIsoft can help you quickly translate multi-company balances into a single currency for financial reporting.