MCA Finance – Foreign Currency Management

The solution provides comprehensive and compliant management of foreign currency transactions, meeting the requirements of Swiss accounting law and local tax practices. It ensures reliable conversion, accurate accounting of exchange rate differences, and full traceability of applied rates, ensuring transparency and compliance for audits.

Foreign Exchange Rate Management
• Current rate (daily): Management of the exchange rate applied at the date of the transaction.
• Monthly rate: Integration of the average monthly rate in line with Swiss tax practices (published by federal authorities).
• Exchange rate history: Retention and consultation of all rates used, ensuring transparency, traceability, and verifiability of operations.

Documents in Foreign Currency
• Generation and accounting of customer invoices and credit notes in foreign currencies.
• Entry and processing of supplier invoices and credit notes in foreign currencies.
• Automatic conversion into base currency according to the selected rate (current or monthly).

Management of Exchange Rate Differences
• Automatic accounting of realized exchange rate gains and losses during payments.
• Direct allocation in the accounting accounts for exchange rate gains and losses.
• Separate tracking of realized and unrealized differences.

Year-End Closing and Revaluation
• Mandatory revaluation of foreign currency balances at the closing date.
• Automatic calculation of unrealized exchange rate differences, in compliance with Swiss accounting law.
• Generation of revaluation journal entries according to current legal requirements.