Convert Report Amounts from Local Currency to a Group Reporting Currency

If you're part of a microfinance network or banking group BankBI enables you to convert your local currency reports to a reporting currency such as EUR or USD for head office analysis.

To do this you must go to Publish/Reporting Currencies in the administration area of BankBI.

From here you can add a new record:

You'll need to enter the Year, Month, select the Reporting Currency from the drop-down menu, enter an Exchange rate for reference purposes and a Multiply Cross-Rate which is the actual number used to multiply the local currency amount into the reporting currency amount.

When this is completed for each month you'll have the ability to filter between viewing your reports in local currency or one or more reporting currencies.

For more information about BankBI please visit our website at bankbi.com