Expanding internationally brings exciting growth opportunities, but also complex accounting challenges that can trip up even experienced finance teams. This session demystifies multi-currency accounting in Fulfil, providing you with the frameworks and workflows needed to manage international operations with confidence and compliance.
Whether you're just beginning to sell overseas or looking to optimize existing international processes, this training will help you establish robust accounting practices that support global growth while maintaining accurate financial reporting across multiple currencies and jurisdictions.
What you'll learn
Setting up foreign bank accounts and currency mapping
Master the configuration of multi-currency banking within Fulfil, including how to properly map foreign bank accounts, set up currency exchange workflows, and ensure accurate cash positioning across different denominations. We'll walk through real-world scenarios for managing USD, EUR, GBP, and other major currencies in your daily operations.
Multi-currency reconciliation strategies
Develop systematic approaches to reconciling accounts when dealing with multiple currencies and fluctuating exchange rates. Learn how to handle foreign exchange gains and losses, manage timing differences between transaction dates and settlement dates, and maintain clean reconciliations despite currency volatility.
Avoiding international accounting compliance risks
Identify common pitfalls that can lead to regulatory issues, audit problems, or financial misstatements when operating internationally, including currency translation errors, tax calculation mistakes, and inadequate documentation for cross-border transactions.
