Multi-Currency Journal Vouchers for General Ledger

You can now create General Ledger JVs in multiple currencies, with automatic calculation of foreign currency amounts.

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Business Value

• Enables accurate financial reporting in multiple currencies.
• Simplifies reconciliation and audit for multinational operations.
• Supports hotels and groups working with suppliers, clients, or assets in more than one currency.

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Use Cases

• A property records expenses or revenues in USD, EUR, or SAR and needs GL entries to reflect actual foreign amounts.
• Auditors or finance teams want to compare base and foreign currency values directly in reports and journals.
• Multi-property companies standardize cross-currency reporting for group consolidation.

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How It Works (Tech Know-How)

• New Columns in GL JV Screen:
  • Currency: Select from all currencies configured on your instance.
  • Exchange Factor: Editable numeric field (rounded to 2 decimals). Enter the conversion rate for this JV line.
  • Foreign Amount: Read-only. Automatically calculated as (Base Amount × Exchange Factor).
• Migration:
  • All previous JVs will default to:
    • Currency = Base Currency
    • Exchange Factor = 1
    • Foreign Amount = Amount
• Feature Flag:
  • This feature can be toggled on/off based on your property’s needs.

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Steps to Create a Multi-Currency JV

Click “Back Office” Click “General Ledger” Search for a JV created directly from the GL, or create a new JV Click on JV New Feature for Currency Conversion Change the currency from base to foreign The read-only field reads the amount with the exchange applied Save the JV JV Saved with currency exchange Posting the JV locks the exchange rate