Multi Currency is part of Money & The Close in Windward System Five. System Five includes 8 documented capabilities here — all 8 optional.
These 8 capabilities sit within System Five's 1287-capability documented set — a selection, not a ceiling.
Account for currency swings automatically
Gain or loss is calculated from the difference between a transaction's currency date and the settlement date, on invoices, A/R payments, bills, cheques and journal entries, and can be recalculated on demand.
Fix a wrong exchange rate after the fact
Rates are stored per currency per date, with cross-reference tables for post rates and tender rates; changing a historical rate can re-post and recalculate gain/loss for every transaction on that day.
Pay foreign bills from a foreign account
Bills are raised in the supplier's currency and cheques written from a foreign bank account; the cheque run lists bills due per currency and books the resulting gain or loss.
Report the books in more than one currency
Every transaction posts to the general ledger in all defined base currencies at once, so a full set of financial reports can be produced in more than one currency. Tender currencies are held separately and converted to a base currency on deposit.
Trade in another currency without guessing
Account balances and budgets can be viewed in a selected currency, ledger reports run by base currency, and a gain/loss account handles currency movement, with dedicated integrity checks for currency, currency date and foreign A/P or bank posting.
See who owes what in which currency
Aged A/R and A/P can show only one currency, convert everything into a chosen currency at a chosen date, or list each invoice in the currency it was posted in with separate per-currency subtotals.
Sell and settle in another currency
A sale can be posted in one currency and viewed in another, with the customer's default currency carried from their record and tender captured per currency.
Use one rate at the till, another posting
Counter rates for cash tendered can differ from the rates used to post to the ledger, and each currency pair can be set to convert by direct multiplication or indirect division.
Yes. Gain or loss is calculated from the difference between a transaction's currency date and the settlement date, on invoices, A/R payments, bills, cheques and journal entries, and can be recalculated on demand. This is optional in System Five.
Yes. Every transaction posts to the general ledger in all defined base currencies at once, so a full set of financial reports can be produced in more than one currency. Tender currencies are held separately and converted to a base currency on deposit. This is optional in System Five.
Yes. Account balances and budgets can be viewed in a selected currency, ledger reports run by base currency, and a gain/loss account handles currency movement, with dedicated integrity checks for currency, currency date and foreign A/P or bank posting. This is optional in System Five.
Yes. A sale can be posted in one currency and viewed in another, with the customer's default currency carried from their record and tender captured per currency. This is optional in System Five.
Yes. Rates are stored per currency per date, with cross-reference tables for post rates and tender rates; changing a historical rate can re-post and recalculate gain/loss for every transaction on that day. This is optional in System Five.
Yes. Bills are raised in the supplier's currency and cheques written from a foreign bank account; the cheque run lists bills due per currency and books the resulting gain or loss. This is optional in System Five.
Every capability on this page is documented in the System Five capability index. Last updated 2026-11-05.