Multi-currency features and demo video
Gravity Software's Multi-Currency feature is engineered to manage the complexities of global financial transactions with ease. From automating FX calculations to streamlining reconciliations, our solution allows businesses to manage their financial operations across borders efficiently.
Automated exchange rate management
Gravity integrates with exchange rate services to automatically retrieve daily currency rates, including support for major cryptocurrencies.
Finance teams can:
- Automatically update exchange rates
- Override rates when bank-specific rates differ
- Apply exchange rates at the line-item level
- Maintain full audit visibility
This flexibility ensures accounting accuracy while preserving internal control.
Realized & unrealized FX gain/loss automation
Gravity automatically calculates:
- Realized gains and losses when transactions are settled
- Unrealized gains and losses at period-end revaluation
Finance teams can:
- Generate unrealized FX reports
- Book reversing entries
- Revalue foreign currency bank accounts using a guided wizard
- Post period-end revaluation adjustments automatically
This eliminates manual journal entries and reduces month-end close complexity.
Currency triangulation & complex global transactions
Gravity supports currency triangulation — paying vendors in one currency from a bank account in another currency, within an entity operating in a third currency.
Example scenario supported by Gravity:
- UK vendor invoice in pounds
- European entity operating in euros
- Payment from a U.S. dollar bank account
Gravity automatically manages:
- Bank-to-entity rates
- Payment-to-entity rates
- Payment-to-bank rates
Unlike entry-level systems such as QuickBooks or Xero, Gravity Software is purpose-built for consolidated global reporting and multi-entity currency automation.
Flexible vendor & customer currency handling
Unlike many systems that require separate vendor records per currency, Gravity allows:
- A single vendor
- Default currency assignment
- Invoices and bills in any currency
This simplifies global vendor management and reduces administrative duplication.
Advanced global tax management
International operations require flexible tax handling. Gravity supports:
- Inclusive and exclusive tax structures
- Reverse charge tax scenarios
- Multiple tax authorities within a single schedule
- Up to eight layered tax calculations per schedule
- Provincial, federal, state, county, and city-level tax combinations
Tax reports provide visibility at both the transaction and functional currency levels, ensuring reconciliation accuracy across jurisdictions.
Multi-entity consolidation without separate systems
Gravity’s single-database, single-instance architecture allows:
- Entity-level security controls
- Real-time intercompany activity
- Automated eliminations
- Consolidated reporting in one system
The consolidation process:
- Capture transactions in local entity currency
- Apply FX rates automatically
- Process intercompany transactions
- Eliminate balances
- Generate consolidated financial statements
No third-party consolidation tool required.
Unlock the full potential of your global financial operations.
Watch our demo video below to get a detailed walkthrough of our Multi-Currency functionality.