Inclusion of Original Currency and Base Currency Values in Ageing Reports
There is no indication of the original transaction currency per row, reducing transparency and accuracy for businesses dealing in multiple currencies.
Purpose:
Better Decision-Making
Understanding ageing in both base and original currencies helps businesses evaluate true exposure and prioritize collections/payments more accurately.Audit and Compliance:
For audit trails and compliance, showing both currencies makes it easier to justify reported amounts and FX differences.
1
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Camille Joie Calip-Miranda
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