Multi-Currency: Simplifying Global Budgeting

Manage Global Finances with Ease Using Multi-Currency in Forecast 5

If your business operates across different countries, managing multiple currencies can quickly become a challenge. Forecast 5’s Multi-Currency feature makes it easy to handle, convert, and report on financial data from multiple regions — all within one forecast.

Assign individual currencies to each record or forecast and let Forecast 5 automatically manage the exchange rate conversions and produce reports in your base currency. Your results stay consistent and accurate, no matter which currencies you’re working with.

Key Benefits of Multi-Currency

💵Input foreign transactions: 

You can enter sales, costs, and bank account information in their original foreign currency, ensuring accurate cash flow forecasting.

🏢Consolidation: 

The software consolidates data from different entities, branches, or departments, including those in different currencies, into a single view.

💹Financial reporting: 

Forecast 5 generates multi-currency P&L, Balance Sheet, Cashflow, and Funds Flow statements.

⚖️Variance analysis: 

It allows you to compare your budget with actual results, including variances in foreign currency, to monitor performance.

💱Multiple currencies and banks: 

The system is designed to handle multiple currency accounts, which is crucial for international business operations.

🔄What-if scenarios: 

You can model the impact of different exchange rates or currency fluctuations by running what-if scenarios. 

✨ Multi-Currency in Forecast 5: Simplify global forecasting and make every dollar count.