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What does 'Multiple Reporting Currency' mean?

Multiple Reporting Currency is a feature found in various software programs and applications that allows users to view financial data and reports in different currencies. This feature is particularly useful for businesses operating in multiple countries, as it helps them to accurately track and monitor their financial performance across different locations. With Multiple Reporting Currency, users can set up and define multiple currencies in their software system. These currencies can then be used to generate financial reports, such as income statements, balance sheets, and cash flow statements, in different currencies

Software with Multiple Reporting Currency functionality