Currency Module
The Currency Module for Accounts Receivable and Accounts Payable enables complete accounting for multiple currencies. The application creates general ledger postings in the base currency for the database which facilitates consolidated financial reports. There are no User changeable settings for the base currency; it is set by Software Answers.
All General Ledger postings in Orion will occur in the base Currency. Tables are stored in the database that keep additional information regarding the conversion currency and exchange rate at the time of posting.
Currency rates should be updated am daily at a minimum, and perhaps prior to invoicing. The most recent system exchange rate is used booking reservations, as well as when invoicing occurs and cash receipts are posted.