Multi-Currency & Forex in USA — Automated Rate Revaluation & Gain/Loss
Invoice international clients and pay overseas vendors seamlessly in USD, EUR, GBP, or AED while automatically tracking SBP exchange rates, base currency conversions (PKR), and realized/unrealized Forex gain/loss ledgers.
Live Exchange Revaluation
From Overseas Billing to Forex Gain/Loss Ledger Sync
FINAC automates multi-currency conversion behind the scenes. Your team issues export quotes and import bills while the system maintains base PKR ledgers and exchange gain/loss in real time.
Foreign Billing
Issue invoices in USD, EUR, GBP, or AED at transaction day SBP exchange rates.
Base PKR Conversion
FINAC calculates equivalent base PKR values and posts double-entry vouchers automatically.
Bank Settlement
Record foreign wire remittances or vendor payments with bank charge deductions.
Forex Gain/Loss
Automatically post realized and unrealized exchange rate variance to P&L accounts.
Every Forex Module Built for Accuracy & Trade
Explore how FINAC starts with simple currency selection and extends into comprehensive international accounting.
Create sales invoices, quotations, and purchase bills in any global currency (USD, EUR, GBP, AED, SAR) with automatic PKR conversions.
- Instant currency selection on sales & purchase bills
- Automatic SBP daily exchange rate conversion
- Print foreign currency invoices with PKR equivalence
- Customer currency-specific price lists
- Multi-currency proforma quotes & orders
When foreign receivables or payables are settled, FINAC calculates exact exchange rate variances and posts gain/loss to General Ledger.
- Automated realized Forex gain/loss voucher generation
- Intermediary bank transfer fee splitting
- Forex P&L account auto-posting
- State Bank PRC (Proceeds Realization) tracking
- Settlement exchange rate audit trail
Run 1-click monthly currency revaluation to update foreign bank accounts and unpaid AR/AP ledgers at current State Bank of Pakistan rates.
- 1-Click month-end foreign ledger revaluation
- Unrealized Forex gain/loss balance sheet adjustment
- Foreign currency bank account valuation
- Reversal voucher generation for next period
- IAS 21 compliant foreign currency reporting
Automatically tag export invoices with 0% rated sales tax status and track State Bank PRC (Proceeds Realization Certificate) documents.
- Automatic 0% export sales tax tag assignment
- IRS Annexure-C export sales return formatting
- State Bank PRC document tracking
- Export rebate and duty drawback tracking
- Export sales tax exemption certificates
Maintain foreign currency bank ledgers (USD, EUR, AED) in native currency while FINAC maintains base PKR equivalent balances.
- Native currency bank ledger tracking
- Dual-currency bank statement reconciliation
- Foreign currency petty cash floats
- Inter-bank currency transfer vouchers
- Real-time liquid foreign asset visibility
Control exchange rate manual overrides with role permissions, backed by an immutable audit trail of rate changes.
- Role permissions for manual exchange rate edits
- Immutable log of rate changes and user IDs
- Audit log of realized Forex gain/loss vouchers
- Exportable Forex ledger history to Excel
- Compliance with SBP foreign exchange regulations
Multi-Currency Breakdown — Simple to Advanced
| Currency Capability | Everyday Simple Function | Advanced Enterprise Control |
|---|---|---|
|
Billing & Invoicing
|
Select invoice currency (USD, EUR, AED) at checkout | Automatic SBP exchange rates & customer-specific price lists |
|
Realized Forex
|
View net PKR cash received in bank account | Auto calculation of exchange gain/loss & fee splitting |
|
Revaluation
|
View total foreign customer outstanding balances | 1-Click month-end IAS 21 unrealized GL revaluation |
|
Export Tax
|
Tag export sales as 0% tax rated | Annexure-C export return formatting & SBP PRC tracking |
|
Foreign Banks
|
View USD/EUR bank account balances | Dual-currency reconciliation & inter-bank transfer ledgers |
|
Rate Security
|
Daily exchange rate default lock | Role permissions for rate overrides & immutable audit log |
