Rating: 4.9. Number of organizations: 562

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Operating system: Windows, Android, macOS
Group of programs: Business automation

Software USU

Accounting of currency and foreign exchange transactions

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Today, transactions are often concluded at the international level, considering settlements in foreign currency, and this indicates the need of maintaining tables and accounting of currency and foreign exchange transactions. The organization and accounting of foreign exchange transactions of exchange offices and banks require constant monitoring and competent accounting, given the volatility of exchange rates. Accounting and analysis of foreign exchange transactions in an organization are rather complex processes that, at the request of the National Bank, require automated maintenance and intervention from an automated application that not only automates management accounting and optimizes working hours but also reduces the risks associated with fraudulent transactions and other difficulties associated with changes in the exchange rate.

Execution and accounting of currency exchange transactions in the system will be greatly simplified since you do not need to enter data several times and they are reliably stored on remote media for a long period, while you can completely abandon manual control by switching to automatic input or import of data. The organization of the implementation of the accounting system of the analysis and control of currencies and foreign exchange transactions in banks or exchange offices is established and regulated by the National Bank. Thus, the system automatically generates the necessary reporting and documentation, which is a direct account of the financial position and movement. Integration with the IMF and the National Bank makes it possible to quickly receive information on trading and current exchange rates, automatically fixing the necessary information, when concluding transactions, at the time of signing.

Who is the developer?

The only program that has no analogues and works in all areas of activity is the USU Software. An accounting system that optimizes working hours, automates various accounting and currency operations, fixing data in tables, generating documents and reports, regulating employees' working hours, calculating salaries, and controlling the correctness of all processes at an acceptable level, excluding falsification and guaranteeing the accuracy of information. Affordable cost and the absence of monthly or one-time fees, allows you to save budgetary funds, increasing the quality and efficiency of work with currencies in foreign exchange transactions.

USU Software is suitable for both exchange offices and banks, given the ability to work with cards and current accounts, which allows converting in electronic form at a favourable rate. Tables of clients do not need to be filled in several times, personal data and details will be automatically read when forming agreements of currency transfer and currency transactions, automatically printing receipts and invoices. In a single accounting system, it is possible to maintain several departments and branches, which makes it possible to quickly exchange data and files between employees, receive the necessary documents from the database on foreign exchange transactions, considering the use of a personal access code determined by work duties.

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In the accounting of currency and foreign exchange transactions system, everything is controlled and managed without any minor mistakes. This is due to the thoughtfully organised settings and tools. They allow performing all essential processes with high-quality and in the shortest possible time, which in turn save labour effort that can be used to develop other sides of the business. Therefore, all the routine tasks will not be a problem again as everything is done by USU Software. Every foreign exchange transaction is accompanied by several dataflow and economic indicators. Their accuracy and correctness are a key priority in every accounting operation as they are controlled and required by the law and regulations of the National Bank. Therefore, all the calculations and transactions should be carried out with high attentiveness and responsibility, which is, sometimes, impossible to guarantee because of the human factor. However, now, with the introduction of the foreign currency exchange program, it is not an issue. Just try it and make the right choice.

In a multi-user system, you can see the balances of funds, foreign exchange transactions, write-offs, and customers. An automated program is able not only to automate and optimize foreign exchange processes but also to bring the organization to a completely new level, increasing profitability, demand, customer base, and, accordingly, profitability. In order not to be verbose, it is recommended to download a trial demo version, which is designed to familiarize the user with the functionality and modules, and, therefore, is provided completely free of charge. Our experts may help on various issues by answering and advising on current issues.

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Accounting of currency and foreign exchange transactions