“The international marketplace has never been stronger, and the Internet is making that huge market more accessible to even the smallest enterprises. Companies with Web sites suddenly find prospects from halfway around the world can order their products as easily as a customer down the street. Businesses that have never dealt with any currency other than the U.S. dollar are finding they must contend with pounds and rubles and yen and euros, and for the first time they must consider the need for accounting software that supports foreign currency transactions and reporting. Such support is more difficult than it first appears.”

- ASA Research

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GeoBooks On Demand allows you to operate in multiple currencies, anywhere in the world.

GeoBooks On Demand provides the ability to operate your business in multiple currencies using spot, contract or historical rates of exchange, in full compliance with U.S. GAAP, IAS and local regulations.

Currencies and exchange rates

 Supports all ISO 4217 currency codes

 Spot buying hard currency rates

 Spot buying wire transfer rates

 Spot mid rates

 Spot selling rates

 Average buying hard currency rates

 Average buying wire transfer rates

 Average mid rates

 Average selling rates

 Historical rates

 Forward futures contracts

 Automatic conversion

Sales and purchase orders

 Multi-currency list prices

 Multi-currency discounts

 Amounts in ordering currency

 Currency-specific rounding rules

Customer and vendor invoices

 Amounts in invoiced currency

 Automatic conversion to functional currency

 Periodic invoice revaluation

 Automatic recognition of realized foreign exchange gains and losses upon settement

 Ability to buy or sell foreign currencies using forward futures contracts

 Currency-specific rounding rules

Multi-currency general ledger

 Ability to post amounts in any currency to any account

 Periodic revaluation of foreign currency journal vouchers

 Currency-specific rounding rules

Currency translation and consolidation

 Translation per FASB 52, IAS or local regulation

 Ability to consolidate amounts in reporting currency at corporate parent level

 Currency-specific rounding rules