What's New - April 10, 2023

View FX rates for any currency against your office currency

By default, the Search Currencies landing page shows the cross rate between any currency against the global office home currency. With this release, each office can now select its Home Office Currency and see the exchange rate for any currency they're transacting on. 

For more information on how Accountability handles multiple currency transactions, click here.

Revaluate foreign transactions using consolidated rates

Global agencies  can use automated daily rates from Xignite to calculate an average FX rate for the month to report on transactions across multiple currencies.  This average rate can now be used to revaluate foreign bank accounts, receivables, and payables as part of the month-end process.  This ensures that all offices are using the global office-defined reporting FX rates. 

Navigate to Accounting>General Ledger>FX Revaluations.  Instead of using Current Rates, select Consolidated Rates.   If a consolidated rate has not been defined for the selected Accounting Month, the system will automatically use the Current FX Rate in the revaluation. 

Click here for more information on Consolidated Exchange Rates.

Revenue management amounts now show cents 

The Revenue Management page now shows the unrounded amounts for a more detailed view of revenue values per job.  Previously, the amounts were rounded to the nearest dollar. 

New Import Template for Supplier Invoices

The supplier invoice import template now includes two new columns - Opening AP Balance and Job History Balance. These new columns allow importing of unpaid supplier invoices as well as the ability to import invoices for job history, such as previously paid supplier invoices.