Multi-Currency Accounting Software
SoftLedger automates FX re-measurement, translation, and multi-currency consolidation, so your finance and accounting team spends less time on conversions and more time on decisions.
What is Multi-Currency Accounting?
If your business invoices customers in euros, pays vendors in pesos, holds a bank account in pounds, and reports to investors in U.S. dollars, every one of those transactions has to be captured in its original currency and accurately translated into your functional and reporting currencies, at the right exchange rate, at the right time.
Done correctly, multi-currency accounting gives you a single, trustworthy view of your global financial position. Done manually, it’s one of the most error-prone and time-consuming parts of the close.
One platform. Every currency. Zero spreadsheets.
Multi-currency accounting is the process of recording, translating, and reporting financial transaction that occur in more than one currency, ensuring each entity’s books reflect local currency activity while your consolidated statements reflect a single functional currency.
Everything Multi-Currency Accounting Requires
SoftLedger is a purpose-built platform for multi-currency operations, not a patch on top of a single-currency general ledger.
Automatic FX Rates
SoftLedger automatically pulls current exchange rates for each transaction, eliminating manual lookups end ensuring accurate real-time recording across every currency you operate in.
Intercompany Currency Eliminations
Transactions between entities in different currencies are automatically translated and eliminated during consolidation, ensuring your group of financials are clean and accurate.
40+ Countries
SoftLedger supports customers operating in over 40 countries, handling local regulatory requirements and currency configurations so each entity operates within it's own context.
Multi-Currency Consolidation
Instantly centralize your multi-entity, multi-currency accounting with SoftLedger's financial consolidation software.
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Watch This SoftLedger Multi-Currency Overview
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From transactions to consolidated report, automatically.
SoftLedger handles every step of the multi-currency workflow so your team doesn’t have to.
Foreign Transactions Automatically Remeasured
Record transactions in any currency and SoftLedger automatically books the transaction in your local currency at the same time, using the appropriate FX rate.
Consolidated Statements Generated Instantly
Financial statements are translated and consolidated in real time, including intercompany elimination entries.
Open Foreign Currency Balances Remeasured at Month-end
Balance Sheet items are remeasured and currency translation adjustments calculated automatically as part of month-end close
Ready to Simplify Your Global Accounting?
Book your personalized demo today and discover how SoftLedger handles multi-currency accounting from transaction to consolidated report, automatically.
Frequently Asked Questions
SoftLedger serves customers operating in more than 40 countries, transacting in multiple currencies and subject to varying local regulatory requirements. Each entity can be configured for its own currency and local context, and there's no practical limit on how many currencies your organization can transact in across the platform.
In real time. SoftLedger continuously translates and rolls up entity financials into consolidated statements, so you can pull an accurate group-level P&L or balance sheet in your reporting currency at any point in the month. There's no waiting for a manual close process to know where your global business stands.
SoftLedger automatically translates and eliminates intercompany transactions during consolidation, even when the entities involved operate in different currencies. Cross-currency intercompany balances are identified, converted, and removed so your consolidated statements reflect the group's true position without double-counting or manual elimination entries.
Yes. Each entity in SoftLedger operates in its own functional currency, recording day-to-day transactions in the local currency of its market. When you consolidate, SoftLedger translates every entity's financials into your reporting currency automatically, so local teams work in the currency that makes sense for them while leadership sees one unified view.
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