Sage 100

2017 Advanced. Looking for advice for the following scenario: Two companies in Sage 100, USA and EUR. USA is in dollars and EUR is in pounds. USA receives an AP invoice from EUR for a service. USA records the invoice in dollars and needs to pay EUR in pounds. The accountant goes onto the bank web site and buys pounds and initiates a transfer to the EUR bank account. Example: if the exchange rate is 1.36, $10,000 USD buys $7,352 pounds. The accountant manually creates journal entries as follows: USA books: Debit intercompany $10,000 and Credit cash $10,000 EUR books: Debit cash $7,352 Debit gain/loss on conversion $2,648 and Credit intercompany $10,000 They have hundreds of these transactions a month and it is a nightmare to keep the accounts reconciled. They are looking for a more efficient and automated process. Any ideas?

DSD Multi-Company and Multi-Currency would make this process a lot easier. Let me know if you want someone to reach out to you to do a discovery with the client.

Nicole - Definitely have someone that knows the DSD software call or email me. I would like to arrange a conference call with the end user. There is an immediate interest in getting this issue resolved.