Currency Module
Merit’s currency module has been designed as an
additional module for the Merit Payroll and billing solution.
The module enables timesheets to be entered in currency for
the purposes of paying and billing in currency.
The module was designed with ease of use in mind,
as a simple and flexible solution to making payments
and invoicing in currency.
The pay and bill elements can be entered in separate currencies
as required for your contracts. Payments made in currency are separated
from Sterling payments, and if required can be routed through to a
separate Bacs, or Bacs equivalent file. Invoices can be raised in currency
via timesheets, or as one off invoices manually for instance for Perm placements.
Postings to accounts packages can be made in currency, or converted
to sterling as required. Standard reports will convert currency
timesheets to sterling, so an overall view or revenue and margins
can be seen.
Features:
- Default exchange rates set on a weekly basis.
- Over –ride exchange rates can be set at a timesheet level.
- Currency markers can be set at a company, office, placement or timesheet level.
- The module works in conjunction with your existing payroll and invoice calculations.
- Accounts postings can be designed as required to post values in sterling or currency as required.
Reporting:
- Currency reporting throughout the system, to flag currency values and distinguish them from sterling values.
- Conversion to sterling for critical reports such as margin and revenue reporting.
- Merit’s comprehensive report writing facility can be used to design bespoke reports as required.
Click here to request further information
on the Currency Module
