90 Minds Community

 View Only

  • 1.  Multi-Company Multi-Currency Multi-National Consolidated Financials and Currency Revaluation

    Posted 02-14-2025 19:05

    I am working on an xTuple implementation for a company wanting to get out from under NetSuite price gouging and get better operations processing.  One problem:  NetSuite seems to have a very automated way of doing currency revaluation and consolidated financials, and while xTuple can check the box on "Consolidated Financials" it really is "Combined Financials", and no currency revaluation, just a daily conversion rate.  Customer has parent company in Canada (CAD) and subsidiary in US (USD).

    Any ideas on a reasonably priced accounting piece that could accept the GL transactions from xTuple and do the monthly currency revaluation and consolidation similar to NetSuite?

    TIA



    ------------------------------
    Phil McIntosh
    Friendly Systems
    ------------------------------


  • 2.  RE: Multi-Company Multi-Currency Multi-National Consolidated Financials and Currency Revaluation

    Posted 02-15-2025 10:24

    Mondial Software was started by Mark Richardson a few years ago.  You may remember him as a product manager from the early Acuity days in the late 90's before he went to SAP and some other publishers.  Mondial was designed to be like "FRx in the cloud" and has the FRx founder as an advisor.   They have also recently rolled out an Excel plug in to augment their standard reporting tools making more F9 like.Mondial definitely has all the multi-company, multi-currency features you might need including rate services. 

    They definitely do not currently have an xTuple connector but do have a spreadsheet upload facility and have recently re-architected their connector to make it easier and faster to build connectors.   They also have "small business" pricing options in addition to the full blown feature set you will not need. 

    Check out https://www.MondialSoftware.com and let me know I can connect you and get a demo scheduled.  



    ------------------------------
    Gary Feldman
    Principal
    I-Business Network
    Marietta GA
    16786270646
    http://www-i-bn.net
    ------------------------------



  • 3.  RE: Multi-Company Multi-Currency Multi-National Consolidated Financials and Currency Revaluation

    Posted 02-17-2025 10:19

    This looks promising.  I will email you to go forward.



    ------------------------------
    Phil McIntosh
    Friendly Systems
    ------------------------------

    Original Message


  • 4.  RE: Multi-Company Multi-Currency Multi-National Consolidated Financials and Currency Revaluation

    Posted 02-18-2025 11:34

    DSD Multi-Currency has a feature that might help.  (I asked about this last year for a client who was asking how to do financials in EUR... but we didn't go anywhere with the project, due to a change in business strategy).  Jon's answer:



    ------------------------------
    Kevin Moyes
    Technical Systems Analyst
    Munjal White Consulting Co.
    Toronto ON
    ------------------------------



Related Content