Translation reserve for foreign subsidiaries in Finance & Accounting helps teams run a connected Multi-Currency & Consolidation workflow with approvals, audit trails and reporting.
How This Feature Works
Configure chart of accounts, Choose IFRS or local template; multi-level CoA, dimensions (cost centre, project, branch, segment).
Auto-post from operations, Sales, purchases, payroll, stock movements, depreciation auto-generate journal entries with full audit trail.
Bank reconciliation, Import bank statement (MT940, CSV, API), auto-match against ledger; flag exceptions.
Tax & e-invoicing, VAT calculated per line; ZATCA Phase 2 invoices signed and submitted to FATOORA in real time.
Business Outcomes
Close month-end in 5 days instead of 30
ZATCA Phase 2 compliant from day one, no penalties
Real-time AR aging dashboard, chase debtors before they age
Audit-ready: every journal traces back to source operation