In AIS , not only just recording Transactions in Foreign currency , In Fact you can Maintain ‘Foreign Branches’/ Foreign Entities be it a Foreign subsidiary or a Foreign Holding entitiy. Also you can Consolidated and analyse all your Group in ‘One Currency’ and can drill down in seconds.
Record Vendor Invoices or Issue Customer Invoices in any currency.
Hold Bank accounts in any currency.
Maintain Foreign Branches/ Subsidiaries/ Parent or any Foreign entitiy in any Currency.
At time of Settlement, be it Vendor Invoices or Customer receipt , ‘Ais’ will Automatically calculates ‘Exchange Gains or Exchange Loss’.
Revaluation of Monetary assets & Liabilities using a single click and records ‘Unrealized Exchange Gains or Loss’.
Auto feeding of exchange rates – ‘Ais’ will connect to our Server and will pull Exchange rates on a dialy basis , So no need to upload Exchange rates.