Transact and report in more than 170 currencies with up-to-date exchange rates. With Eleven, you are not tied to the single currency per Journal entry and can choose the one you need at the line level.
No more complex entries to manage transfers between funds or bank accounts. Eleven’s General Ledger simplifies your transactions, allowing you to choose currencies in every Journal entry line.
For Balance Sheet accounts, you can define whether they are monetary or non-monetary (Investments, Accruals, Deposits, Advances, etc).
Eleven will calculate realized & unrealized gains and losses automatically and generate a proper supporting entry with the full details of the calculations for each Journal entry line.
Eleven records transactions in foreign currencies to specific Journals arranged per currency. This way, all balances and values are always properly calculated and maintained.
All statutory reports include transactions in FX, recorded in specific columns and rows. You can analyse or hide them to display base amounts only.
In each Journal entry line, you can enter an FX rate manually by applying pre-defined rates, or use Eleven to get rates automatically. You can also overwrite calculated base amounts.
Accounting professionals in Singapore and Hong Kong are raving about our multi-currency accounting solution, and not without reason: Eleven’s is designed to handle 170+ currencies on the go. Just choose the currency you need at the line level in every Journal entry. Account in two, three, ten currencies – our General Ledger will make transactions easy and process them without breaking a sweat. Book a demo to see Eleven in action!