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Rating: 4.9. Number of organizations: 551
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Countries: All
Operating system: Windows, Android, macOS
Group of programs: USU Software
Purpose: Business automation

Automation of accounting of currency transactions

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Automation of accounting of currency transactions - Program screenshot

Automation of accounting of currency transactions, successfully implemented in the USU Software, allows you to register any currency transactions without the participation of personnel, whose duties are reduced only to the collection of the amount that needs to be exchanged, receiving and issuing money, and all other operations are performed by automation independently, considering those requirements that are imposed by foreign exchange regulation of transactions in the country. Due to automation, the interchange point can get rid of its control over funds, settlements made in foreign transactions, and documentation of them.

Automation of accounting of currency transactions does not require special equipment. It is enough to have digital devices with the Windows operating system in any format. There are also no requirements for personnel or future users as the automation offered by the USU Software has a simple interface and easy navigation, therefore, any user, even without experience and skills, can handle the job. National regulators require an exchange office to install a program of automating foreign currency transactions. In the absence of such software, a license is not issued, therefore, there are many different products on the market, but not all of them meet the requirements of the National Bank.

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Automation of the accounting of currency transactions from the USU Software has certain advantages in the price range in which its automation products are located. Firstly, is its availability, which was mentioned above, due to the clear presentation of information, and secondly, the provision of regular analysis of foreign exchange transactions for the period with the dynamics of changes in all indicators, considering the past periods, and if we are talking about the exchange network points, then the reports will include an analysis of the activities of all in aggregate and each point separately.

In reports, the automation of accounting of foreign exchange transactions includes information on the turnover of each currency denomination in each office of a period, the duration of which is set by the company itself, shows the spread of rates and for each displays the amount of currency transactions, the range of currency transactions when buying and selling, and an average check of each currency in each exchange office, which allows territorial planning of monetary volumes of all sold foreign units. Automation of accounting of currency transactions draws up analytical and statistical reporting in a convenient and visual form in tabular and graphical versions, with visualization of indicators of each currency unit and demonstrates the share of each currency unit in generating profit.


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Accounting automation provides the cashier with a screen divided by colour segments, where the list of currencies involved in the exchange is presented in a column, next to the name of each is its designation according to the international three-digit system like KZT, RUR, EUR, the flag of national or union affiliation, the number of funds available in this interchange point of each denomination, and the current rate set by the regulator are indicated. Automation of accounting leaves this field with general information colourless, then there is a green zone, which is a purchase of currency. There are two columns - in the left the current rate, and in the right, you need to enter the amount of the surrendered currency, then the amount to be issued will be automatically presented in the rightmost yellow zone, which must be transferred to the cashier in exchange for currency received. In a similar way, in the automation of USU Software’s accounting, the blue zone, located between the green, which is a purchase, and yellow, the amount of the currency transaction in national money, works. The sale of currency also consists of two columns - the current rate and the field of entering the purchased amounts.

Everything is simple, calculations are made automatically, the speed of any calculation during accounting automation is a fraction of a second, so maintenance is minimal. You need only to process banknotes on a machine of counting money and check them for authenticity upon receipt. Information about the sale and purchase is automatically saved in the automation program, accounting of the funds received is in the current mode. So, when any currency arrives, its new amount is immediately displayed in the left colourless zone, after the sale, accordingly, it immediately decreases.

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Automation of accounting of currency transactions

Accounting automation prevents the facts of theft since the physical transfer of funds is controlled by an accounting machine, with which the accounting automation program is easily integrated. Therefore, its data is also recorded in the system, as in the case of integration with CCTV cameras, when the titles of the video stream show digital indicators confirming the amount transmitted. The accounting automation program can also be easily integrated with electronic displays, which show the current exchange rates of world currencies. When the rate changes, it is enough to update the numbers in the automated system and the display will show its new value.

There are also other useful features of the automation system of accounting of currency transactions. Read more about them on our official website. Discover more opportunities to develop and enlarge your business. Get acquainted with the software’s functions by downloading a demo version, which is free of charge.