Multi-Currency ERP
Trade Internationally with Confidence
VS1 Cloud handles foreign exchange transactions, multi-currency reporting — all built directly into your cloud ERP.
International Business Made Simple —
One ERP, Every Currency
Whether you buy from overseas suppliers, sell to international customers, or operate across multiple countries, VS1 Cloud gives you complete foreign exchange management built into the same system as your accounts, inventory, sales and purchasing.
Multi-Currency Transactions
Assign a currency to any customer or supplier and VS1 Cloud automatically loads the correct exchange rate to every invoice, purchase order and payment — in their currency.
Exchange Rate Management
Keep rates current your way — update at the system level, at transaction time, at the point of payment, or lock in a hedged rate for forward exchange contracts.
FX Bank Reconciliation
Reconcile foreign currency bank accounts in your local currency using VS1 Smart Banking integration — rate differences handled automatically on each transaction.
Multi-Currency Reporting
View any financial report in your local currency or switch to a foreign currency with one click — values update automatically based on the current or assigned FX rate.
See VS1 Cloud Multi-Currency in Action
Watch how VS1 Cloud manages foreign exchange transactions, exchange rates and multi-currency reporting across your entire business.
Core Foreign Exchange Management Workflows
From setting up currencies to reconciling payments — VS1 Cloud manages every aspect of your international trade in one integrated system.
Trade in Any Currency — Worldwide
VS1 Cloud supports over 150 currencies. Assign a default currency to any customer or supplier and VS1 automatically applies the correct exchange rate to every invoice, purchase order, credit note and payment — with no manual conversion required.
When your team creates a transaction for a foreign customer or supplier, VS1 loads the correct currency and rate immediately — so every document is correct from the moment it's created.
- Assign a default currency to any customer or supplier.
- Exchange rates applied automatically to all transactions.
- Supports 150+ currencies out of the box.
- Foreign currency invoices and purchase orders printed in the customer or supplier's currency.
Exchange Rate Management — Always Current, Always Accurate
VS1 Cloud gives you complete flexibility over how exchange rates are applied. Set a default system rate that applies across all transactions, update the rate at the point of creating a specific transaction, apply the actual bank rate when processing a payment, or lock in a hedged rate for forward exchange contracts.
No matter how your business manages FX exposure, VS1 Cloud has a rate management method that fits — and every rate change is recorded with a full audit trail.
- System-level default rates for all currencies.
- Transaction-level rate override for one-off changes.
- Payment-level rate capture for actual bank rates.
- Hedging support — lock in forward exchange contract rates.
Smart Banking Integration — Reconcile in Your Local Currency
VS1 Cloud's Smart Banking integration handles foreign currency bank account reconciliation with ease. Transactions imported from your bank are matched against VS1 records and reconciled in your local (AUD) currency — with the exchange rate applied at the time of the bank transaction.
This means your bank reconciliation always reflects the actual amounts your bank received or paid — not an estimated converted figure — keeping your accounts accurate and audit-ready.
- Import foreign currency bank transactions via Smart Banking.
- Reconcile in local currency at the actual transaction exchange rate.
- Automatic matching against outstanding invoices and payments.
- Reconciliation differences flagged for review — never hidden.
FX Gains and Losses — Handled Automatically on Payment
When a foreign currency payment is received or made at a rate different to the original invoice rate, VS1 Cloud automatically calculates the realised exchange gain or loss and posts the variance journal to the correct general ledger accounts — without any manual journal preparation.
For outstanding foreign currency balances, VS1 Cloud can also calculate unrealised gains and losses based on period-end revaluation rates — giving you an accurate picture of your FX exposure at any point in time.
- Realised FX gains and losses calculated automatically on payment.
- Variance journals posted to GL without manual entry.
- Unrealised FX revaluation for period-end reporting.
- Full audit trail of every FX gain and loss event.
Multi-Currency Reporting — Your Numbers, Your Currency
VS1 Cloud's financial reports can be displayed in your local currency (AUD) or switched to any foreign currency in one click. The report values update automatically based on the current system rate or a selected historical rate — giving your international stakeholders, overseas subsidiaries or foreign investors the view they need.
- Display any financial report in local or foreign currency.
- Automatic conversion using current or historical FX rates.
- Track customer and supplier history in their native currency.
- FX-specific reports — foreign currency transaction lists, gain/loss summaries.
FX Dashboard Overview — Global Financial Visibility
VS1 Cloud's executive dashboard gives you a real-time view of your business — including foreign currency balances, outstanding international invoices, foreign bank account positions and FX exposure — all in one screen.
Drill down from the dashboard into any foreign currency transaction, customer account, supplier balance or bank reconciliation — so your management team always has the full picture, no matter which currencies you trade in.
- Real-time dashboard view of foreign currency balances.
- Outstanding FX receivables and payables at a glance.
- Drill-down from dashboard to individual transaction level.
- Global view across all currencies and trading entities.
Advanced Foreign Exchange Features
Everything your business needs to manage multi-currency operations — from setup to reporting, all in one cloud ERP.
Customer & Supplier Currency Setup
Assign a default foreign currency to any customer or supplier. Every transaction created for that contact automatically loads the correct currency and current exchange rate.
- Default currency assigned per customer or supplier.
- Rate loaded automatically at transaction creation.
- Foreign currency printed on all customer-facing documents.
Flexible Rate Update Methods
Choose how exchange rates are applied in VS1 Cloud — system rate, transaction rate, payment rate or hedged rate — to match your business's FX management approach.
- System-level rates updated by your finance team.
- Override rate on any individual transaction.
- Capture actual bank rate at time of payment processing.
FX Hedging Support
Protect your business against currency fluctuations with hedged exchange rates. Assign a forward exchange contract rate to transactions to lock in your cost and revenue in local currency terms.
- Assign a fixed hedged rate to any transaction.
- Forward exchange contract rate management.
- Hedged vs actual rate variance tracking.
Realised FX Gains & Losses
When a payment is made or received at a different rate to the original invoice, VS1 Cloud calculates the FX variance and posts the journal entry automatically — no manual calculation or journal entry required.
- Automatic variance calculation on every payment.
- Gain/loss journals posted to GL without manual entry.
- Gain/loss account configurable per currency or globally.
Unrealised FX Revaluation
Revalue outstanding foreign currency balances at period-end rates to accurately reflect your FX exposure in your financial statements — in compliance with Australian accounting standards.
- Period-end revaluation of open foreign currency balances.
- Unrealised FX gain/loss posted to the balance sheet.
- Revaluation reversed in the following period automatically.
Foreign Currency Bank Accounts
Maintain foreign currency bank accounts in VS1 Cloud — reconcile in local currency via Smart Banking, track balances in both currencies and produce bank statements in any currency.
- Foreign currency bank accounts in the chart of accounts.
- Smart Banking reconciliation in local currency equivalent.
- Bank statements in local or foreign currency.
Multi-Currency Financial Reports
Display financial reports in any currency — P&L, balance sheet, aged receivables and payables — with values converted automatically using the selected exchange rate.
- P&L and balance sheet in local or foreign currency.
- Aged receivables and payables by currency.
- Historical rate or current rate reporting option.
FX History & Audit Trail
Every exchange rate used, every FX gain or loss calculated and every revaluation run is stored with a complete audit trail — giving your finance team and auditors the detail they need.
- Full history of rates used per transaction.
- FX gain and loss register by period or customer/supplier.
- Audit-ready exchange rate change log.
Why Australian Businesses Choose VS1 Cloud for Multi-Currency
Foreign exchange management built into your ERP — not bolted on top of it.
Built-In, Not Bolt-On
VS1 Cloud FX is part of the core system — not a plugin or add-on. Foreign currency data flows directly between accounts, sales, purchasing, inventory and banking with no synchronisation required.
Built for Australian Business
VS1 Cloud uses AUD as the home currency and is designed around Australian accounting requirements — including GST handling on foreign currency transactions and ATO-compliant FX reporting.
Scales with Your Trade
Whether you trade in 2 currencies or 20, import, export or both, VS1 Cloud multi-currency scales to match your international business as it grows — with no limits on currencies, contacts or transaction volume.
How VS1 Cloud Multi-Currency Fits Into Your Business
Foreign exchange isn't an isolated function — it touches every part of your business. That's why VS1 Cloud builds multi-currency directly into the same ERP as your accounts, sales, purchasing and banking — so foreign currency data flows automatically without manual conversion or double entry.
When a sales order is created for an overseas customer, VS1 applies the correct currency and rate automatically. When the invoice is paid, VS1 calculates any FX gain or loss and posts the journal. When your bank statement arrives, Smart Banking reconciles the foreign account in local currency. When month-end comes, VS1 generates your multi-currency reports and revalues outstanding balances — all without your finance team touching a spreadsheet.
VS1 Cloud Multi-Currency Helps Australian Businesses:
- Eliminate manual currency conversion and foreign invoice errors.
- Automatically calculate and post FX gains and losses on every payment.
- Reconcile foreign currency bank accounts in local currency via Smart Banking.
- Produce financial reports in local or foreign currency for any stakeholder.
- Manage hedged exchange rates for forward exchange contracts.
Related VS1 modules: Accounts Software, Financial Management, Sales & Invoicing, Purchasing, Department Reporting.
Multi-Currency ERP FAQs
Common questions about VS1 Cloud foreign exchange, exchange rates, FX reconciliation and multi-currency reporting.
What is multi-currency ERP software?
Multi-currency ERP software lets your business record transactions in foreign currencies, automatically apply exchange rates, calculate FX gains and losses, reconcile foreign bank accounts in local currency, and produce financial reports in any currency — all within one integrated system.
How does VS1 Cloud handle foreign exchange rate updates?
VS1 Cloud gives you full flexibility. Rates can be set at the system level, updated at the point of creating a specific transaction, applied at the time of payment to capture the actual bank rate, or managed via a hedged rate for forward exchange contracts.
Can VS1 Cloud handle FX gains and losses automatically?
Yes. VS1 Cloud automatically calculates realised FX gains and losses when a foreign currency payment is made at a different rate to the original invoice — and posts the variance journal to the general ledger without any manual entry.
How does VS1 Cloud reconcile foreign currency bank accounts?
VS1 Cloud integrates with Smart Banking to handle foreign currency reconciliation. Transactions are matched and reconciled in local (AUD) currency, with the exchange rate applied at the time of the bank transaction — keeping your accounts accurate and audit-ready.
Can I run financial reports in a foreign currency?
Yes. Selected financial reports in VS1 Cloud can be displayed in either your local currency or a chosen foreign currency. Values update automatically based on the current or assigned FX rate for the selected currency.
What currencies does VS1 Cloud support?
VS1 Cloud supports over 150 currencies. Any currency can be assigned to a customer or supplier and used for invoicing, purchasing, payments and reporting — with exchange rates managed at the transaction or system level.
What is FX hedging and does VS1 Cloud support it?
FX hedging involves locking in an exchange rate in advance to protect against currency fluctuations. VS1 Cloud supports hedged exchange rates, allowing you to assign a fixed forward rate to transactions rather than using the live market rate.
Is VS1 Cloud foreign exchange suitable for Australian businesses?
Yes. VS1 Cloud uses AUD as the base currency and is designed around Australian accounting requirements — including GST handling on foreign currency transactions and ATO-compliant FX reporting.
Ready to Trade Internationally Without the Complexity?
Book a free VS1 Cloud demo and see how multi-currency transactions, exchange rates, FX bank reconciliation and multi-currency reporting work together in one integrated ERP.
