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Multi-Currency Fund Accounting
Simplified, Accurate Currency Management for Global Fund Administration
How Our Clients Benefit
Entrilia Multi-Currency Fund Accounting automates FX calculations, real-time conversions, and reporting, ensuring accuracy, seamless consolidation, and compliance - empowering private equity fund administrators
Get real-time foreign exchange rates, simplified payments and collections, and accurate financial reporting in one accounting software package.
Report in multiple currencies meeting the needs of investors, general partners, and stakeholders without additional reconciliation efforts.
Entrilia instantly converts and recalculates foreign currencies within your investment fund accounting system ensuring seamless accuracy and compliance.
Streamline global fund operations with Entrilia’s private equity fund accounting - accurate FX calculations, real-time reporting, and seamless compliance in one powerful solution
Additional Reporting Currency for Each Entity
In addition to the base currency, configure a reporting currency for each legal entity. Entrilia retrieves FX rates via API while offering flexible controls - users can adjust rates when posting or enforce strict predefined rates for compliance - ensuring accurate, consolidated multi-currency reporting.
Flexible Consolidation in Any Currency
Set up a consolidated company in any alternative currency. Entrilia translates source entries using standard foreign currency consolidation methods - such as average rate for income statements, closing rate for balance sheets, and historical rate for equity - ensuring accuracy in both entity-level and group-level reporting.
Accurate Liability and Balance Tracking in Multiple Currencies
Manage accounts payable and accounts receivable in liability currencies that differ from the entity’s local currency. Entrilia automatically calculates unrealized FX gains/losses at the end of each period and records realized gains/losses upon payment, accommodating any rate differences from the original invoice. This feature also extends to bank account balances held in foreign currencies, allowing for precise end-of-period and transactional FX adjustments.
Multi-Currency Investment Tracking
Track and report investment balances in both the fund currency and original investment currency for accurate holdings valuation, Schedule of Investment, and other investment reports. Entrilia automates unrealized gain/loss FX calculations, ensuring precise multi-currency valuations.
Frequently Asked Questions
Can each legal entity have its own reporting currency?
Yes, each entity can operate in its local currency with a unique reporting currency defined. Entrilia automatically translates amounts based on predefined rates for accurate reporting.
Does Entrilia support foreign currency consolidations?
Absolutely. You can set up a consolidated company in any alternative currency, with translations following standard Business Central methods for accurate group reporting.
How does the system handle liability currencies different from the local currency?
Entrilia manages accounts payable and receivable in any currency, automatically calculating unrealized FX gains/losses at period-end and realized gains/losses upon payment if rates differ from the original invoice rate.
Can I track investment balances in foreign currencies?
Yes, Entrilia supports foreign currency investments in the position ledger, with automated unrealized gain/loss calculations to keep investment valuations accurate.
How often are FX rates updated in the system?
Entrilia allows for daily FX rate feeds from multiple providers, ensuring the most accurate and current rates for all foreign currency transactions and reports.
How Does Entrilia
Simplify Complex Fund Accounting?
Designed with precision and scalability in mind, Entrilia offers a robust yet user-friendly solution for managing complex accounting needs. With Entrilia, you can effortlessly streamline financial operations across multiple ledgers, ensuring accuracy, transparency, and real-time insights.
Tailored to the unique demands of fund management, Entrilia empowers you to handle everything from granular transaction tracking to seamless reconciliation with ease.
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