Admin FAQs
Admin Frequently Asked Questions
By Travis and 1 other2 authors8 articles
- How Do I Remeasure Foreign Currencies?Remeasure posted currency balances to reporting currency at spot rates at month end closing.
- How does the year end Retained Earnings closing entry work?Details on the process for how the system automatically books the Retained Earnings Entry
- How do I close the month and fiscal years?Learn to close down accounting periods within the SoftLedger platform.
- What is an example of foreign currency remeasurement?SoftLedger has the ability to accept any fiat currency on any transaction, and convert that transaction to the reporting currency of the entity.
- How to add an Auditor View-Only UserAdd auditors directly to softledger to expedite audit processing
- Realized Foreign Currency Gain/Loss from Foreign Currency AP Bills and AR InvoicesAutomatically capture per transaction realized gain and loss amounts from paying bills or receiving cash in foreign currencies
- End of Period Elimination EntriesEnd of period Elimination Entries to offset differences in FX Rate at date of transaction vs. date of consolidation
- Managing Multiple Roles in SoftLedger Using Email AliasesCreate separate SoftLedger user accounts under the same email address using email aliases