View source for Presenting Trial Balances and Financial Statements in a non-base currency

== Presenting Trial Balances and Financial Statements in a non-base currency ==
 
NEOSYS can produce Trial Balances and Financial Statements with all currencies converted to a non-base currency using the following method:
 
#Convert the opening balance at the rate applicable on the date of the opening balance
#Convert movements per month at the exchange rate applicable for each month
 
Note that NEOSYS does not simply take the base currency version of the report and convert every figure on it using a single "reporting" rate as could be done in say Excel.
 
You can prove this by printing a report for one year for a non-base currency which has more than one rate changes in the year. Compare it with the normal base currency report and you will see that it is not a converted with a single "reporting rate".