Multi-Currency Accounting Software

Multi-currency native

Access live FX rates and 13,000+ bank feeds. Post transactions in original and local currencies. Seamless, AI-enhanced, and audit-ready.

13,000+ native integrations

Navigate international markets with precision

Global VAT and GST compliance

Work in 180+ currencies and convert them with real-time rates. Automate multi-currency adjustments based on FX fluctuations.

Multi-currency transactions

Send and receive invoices, quotes, and payments in multiple currencies. Assign default currencies to contacts and automatically balance inter-entity transactions.

Global bank integrations

Access foreign exchange bank accounts and 13,000+ real-time bank feeds. Get an instant view of all your accounts on your unified DualEntry dashboard.

Multi-currency journal entries

DualEntry records journal entries in any currency while giving you the flexibility to override calculated base amounts for precise reporting.

Custom currency solutions

Assign multiple currencies to customers or vendors, and select currencies at JE line level. Set up FX-variance posting rules to suit your needs.

Real-time FX overviews

Feel more peace of mind and keep your reporting accurate at all times with live exchange-rate updates.

AI: ACCOUNTING INTELLIGENCE

Cut out manual work

Unrealized gain/loss postings

Every time a transaction is posted or updated, DualEntry automatically posts unrealized gains and losses for open currency accounts or AR/AP balances. Ensure your financial statements reflect current exchange rates – without the need for manual work.

Realized gain/loss postings

Let DualEntry match and reconcile transactions automatically. When an AR or AP balance is paid or when currency is converted, DualEntry instantly tracks and posts realized currency gains or losses, enhancing your reporting accuracy.

Automatic matching gain/loss

Automatically track differences in base currency when recording initial customer or vendor payments to bank deposits or payment applications. DualEntry AI posts the corresponding gain or loss, creating precision without manual intervention.

Automatic rounding

Keep auditors satisfied by tying your books down to the last decimal. DualEntry automatically tracks individual cents lost during the rounding of gain and loss postings, ensuring nothing is left unaccounted for.

Currency revaluation

Streamline your month-end processes with DualEntry’s AI-guided currency revaluation, which automatically adjusts foreign currency holdings to reflect current exchange rates. This keeps your financial statements accurate while saving you time in managing multi-currency accounts.

AI forecasting

Leverage AI to predict currency fluctuations and their impact on cash flow and profit. DualEntry provides insights into future financial changes due to currency movements, giving you enhanced visibility beyond traditional bank-account forecasts.

Consolidate your books natively and report with more accuracy

180+ native currencies, 240+ countries

Run your international subsidiary books in local currency, no matter the transaction currency. DualEntry automatically posts international transactions in both local and standard currency, using the real-time exchange rate.

Seamless consolidated exchange rates

Manage currency fluctuations with consolidated exchange-rate tables, updated 24/7 via CurrencyAPI. Easily adjust views to see historical, average, and current rates.

Real-time consolidation: locally, regionally, globally

Run subsidiary-level or consolidated reports seamlessly – no more double-counting revenue or waiting for month end.
DualEntry takes care of complex CTA postings, eliminations, and currency conversions. It can also apply multiple accounting treatments to a single transaction for transparent reporting.

Advanced reporting tools

Access detailed financial reports in local or foreign currencies, tailored to your needs. DualEntry offers multi-book reporting and quick drill-downs so you can uncover real-time insights and ease GAAP or IFRS compliance.

Get a deeper look at your global accounting processes

Adjust currency at line level

No more spreadsheets. Choose different currencies per journal entry line, and either manually enter FX rates or use live rates. Adjust base amounts any time.

Dynamic FX overviews

Efficiently manage foreign currency transactions with integrated FX amounts in your financial statements, allowing for seamless analysis or simplification to base amounts.

Currency exposure reporting

Get clarity across all bank accounts in every country you operate in. Get on-demand reports for all active currencies, showing exposure for selected criteria, like country or entity.

Unified, real-time dashboard

See your up-to-the-minute cash positions on a single, dynamic dashboard. Sort by currency, region, or exchange rate, and filter for everything from broad summaries to granular data.

Currency gain and loss tracking

Monitor the impact of currency fluctuations with detailed tracking of realized/unrealized gains and losses. Create reports to analyze how exchange-rate changes affect your profit and cash flow.

Proactive currency monitoring

Stay ahead with real-time alerts on exchange rate fluctuations that affect your business. Plus, get global rollups of KPIs to help you make timely strategic decisions.

Connect directly to 13,000+ banks

Centralize your payments in 60+ countries and streamline your finances with unparalleled global reach.

Simplify multi-currency compliance

Regulatory compliance

Meet ASC 830 / FAS-52 requirements with automated gain/loss calculations and foreign-currency revaluations. Plus, let DualEntry automatically manage your international tax structures.

Support audit prep

Make compliance smoother with multi-currency audit trails and detailed CTA balance reports.

Simplified tax handling

Manage tax across multiple jurisdictions with GAAP and IFRS-adjusted reports. DualEntry takes care of VAT, GST, and local tax requirements.

Manage multi-entity operations in any language

Managing intercompany transactions and multi-entity processes is easier with DualEntry. Automate accounting across all subsidiaries, adjusting base currencies and reporting languages as needed.

Everything you need from
a multi-currency acounting software
without the extra charges

Feature
180+ currencies and 240+ countries DualEntry automatically posts international transactions in both the local and standard currencies	Not supported	~190 currencies; 100+ countries only	~50 country localizations
AI-guided currency revaluation DualEntry AI automatically adjusts foreign currency holdings to reflect current exchange rates	Not supported	Not supported	Not supported
Fluctuation alerts Get real-time alerts on exchange-rate fluctuations	Not supported	Requires SuiteFlow/customization	Requires add-on
13,000+ global, real-time bank connections	Limited bank feeds	Limited (SuiteBanking add-on)	Third-party needed
Exchange-rate monitoring View historical, average, and current FX rates in consolidated tables	Not supported	Manual or customization needed	Manual or add-on needed
Live FX rates Convert currencies with real-time exchange rates	Manual or partial auto-update	Requires SuiteApp or add-on	Requires add-on
Multi-treatment transaction accounting Apply multiple accounting treatments to a single transaction for transparent reporting	Not supported		Not supported
Multi-currency customers Assign multiple currencies to customers or vendors, and select and adjust currencies at journal-entry line level	Not supported
Real-time consolidation Run subsidiary-level or consolidated reports at any time	Not supported		Requires Intercompany add-on
Multi-currency journal entries DualEntry records journal entries in any currency, with the option to override calculated base amounts	Limited (one currency per entry)
Unrealized gain/loss postings DualEntry AI posts unrealized gains and losses for open currency accounts or AR/AP balances whenever a transaction is posted or updated	Manual revaluation in Desktop
Automatic exchange difference tracking DualEntry automatically tracks differences in base currency when recording initial customer or vendor payments to bank deposits or payment applications	Partial (no continuous GL tracking)
Foreign-currency variance postings When differences in base currency are identified in payments, DualEntry AI autoamtically posts the corresponding gain or loss	Limited (realized only)
Realized gain/loss postings DualEntry AI tracks and posts realized currency gains or losses whenever an AR or AP balance is paid or currency is converted
On-demand report generation Generate on-demand reports for all active currencies, or focus on specific countries or entities
Currency gain and loss tracking Monitor currency fluctuations with detailed tracking of realized and unrealized gains and losses

Multi-currency accounting software FAQ

What is multi-currency accounting?

Multi-currency accounting is the process of handling different currency-based transactions, expenditures, and revenues. It’s a complex process, but the good news is that with DualEntry, you can automate it with automatic exchange difference tracking, foreign-currency variance postings, real-time consolidation, currency gain and loss tracking, and fluctuation alerts.

How do I handle multi-currency accounting?

To handle multi-currency accounting the right way, you need to track and record each transaction in its original currency, add the exact exchange rates from the time of the transaction, then track gains or losses from currency fluctuations. You’ll also need to consolidate financials across entities and currencies. DualEntry automates this end-to-end, handling conversions, revaluations, and multi-entity rollups in real time. For more complex structures, its multi-entity accounting software ensures seamless consolidation and intercompany eliminations.

Why is accounting so difficult when multiple currencies are involved?

Accounting gets tricky when multiple currencies are involved because each foreign-currency transaction needs to be recorded with the exchange rates at the exact time that transaction happened. The problem is, FX fluctuations can cause gains or losses that must also be tracked—making this process easily error-prone. Consolidating books across entities or regions makes things even more complex, especially when local accounting regulations or reporting standards differ. With an automation tool like DualEntry, all these processes are handled automatically, so you can be confident that there are no errors and save time to refocus on strategic work instead. DualEntry’s treasury management software complements this by centralizing cash positions and liquidity across currencies and banks.

What’s the best multi-currency accounting software?

The best multi-currency accounting software offers live FX rates, support for many currencies, and automatic exchange-difference tracking to guarantee accuracy across global transactions. It should also handle multi-currency entries and consolidations in real time. For the smoothest experience you’ll also want to look for features like AI-guided revaluation, realized/unrealized gain postings, and fluctuation alerts that keep you compliant as you scale.

How does DualEntry automate currency conversion and FX handling?

DualEntry automates currency conversion by using live FX rates and real-time FX monitoring, so you always book transactions at the correct value. It automatically posts realized and unrealized gains or losses, tracks exchange rate differences, and revalues balances with AI guidance. Everything flows through your audit trail, fully reconciled and ready to meet country-specific reporting needs.

Can DualEntry consolidate financials across entities and currencies?

Yes. DualEntry consolidates financials across entities and currencies instantly. It also handles eliminations, FX translation, and local accounting treatments automatically, so your reports are always accurate and audit-ready. Combined with DualEntry’s close management software, finance teams can automate reconciliations, approvals, and period-end close tasks for faster, cleaner reporting.

Can I invoice and pay vendors in their preferred currency with DualEntry?

Yes. With DualEntry, you can take on multi-currency invoicing and pay vendors in their preferred currency automatically, without spending time on manual conversions. FX rates are applied automatically, and all gains or losses are tracked and posted for you. The system also syncs with cash-flow management software to keep every transaction reflected in your real-time liquidity dashboards.