Banking and Foreign Exchange
Managing Foreign Exchange Differences
Overview Forex differences occur when payment and invoice exchange rates don’t match, leading to gains or losses. iVendNext helps you track and manage these differences to keep financial records accurate and compliant. This article shows you how. To ...
Using the Freeze Exchange Rate Feature
Overview iVendNext’s Freeze Exchange Rate feature lets you lock exchange rates for transactions, helping maintain consistent and predictable financial records. It’s useful for avoiding rate fluctuations that affect your statements. This article ...
Exchange Rate Revaluation
Overview Exchange rate revaluation ensures your GL balances reflect current currency rates—especially during book closure or financial reporting. iVendNext lets you adjust these balances manually or automatically. This article explains how to manage ...
Handling Foreign Exchange Differences
Overview Forex differences from currency rate changes can affect your finances. iVendNext offers tools to manage these differences accurately and stay compliant. This article explains how to handle forex adjustments in iVendNext. 1. Understanding ...
Currency Management
Overview For businesses handling international transactions, managing multiple currencies is vital. iVendNext offers tools to set exchange rates, manage forex differences, and automate revaluations. This article explains how to use these features for ...
Bank Reconciliation
Overview Bank reconciliation in iVendNext helps verify your financial records by matching system transactions with your bank statement. This article walks you through manual and semi-automatic tools, plus tips for keeping records accurate. 1. What is ...
Setting Up and Managing Bank Accounts
Overview Bank accounts in iVendNext help track financial transactions for your business, customers, and suppliers. Proper setup ensures accuracy and smooth reconciliation. This article explains how to create and manage accounts, plus key features and ...
Bank Management
Overview Bank management is key to smooth financial operations. iVendNext offers tools to handle banks, accounts, and transactions with ease. This article covers how to set up banks, configure accounts, and run bank reconciliation in iVendNext. 1. ...