Financial Statement Translation for Microsoft Dynamics SL

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The Financial Statement Translation module for Microsoft Dynamics SL can help you isolate, evaluate, and eliminate the impact of currency fluctuations on your business operations. This flexible and integrated module, available a la carte for both the Business Essentials and Advanced Management editions of Microsoft Dynamics SL, can dramatically improve your month-end close by performing currency translations and automatically calculating gains and losses due to rate fluctuations.

The Financial Statement Translation module delivers better control of your finances. Define default values, selection options, and control information, including the default balance sheet and rate types used to automatically calculate monthly translation gain or loss. You can also control the level of detail posted to the general ledger and the number of periods for which worksheets should be maintained.

Routine tasks are performed automatically, saving time. Financial Statement Translation automates the calculation of translation/remeasurement of gains and losses, historical exchange rates, multi-tiered translations, and multi-level consolidations.

You can perform detailed translation definition and worksheet inquiries using a variety of screens and reports, in addition to any of the General Ledger screens, to see how currency translation affects your bottom line. A variety of extended reporting options are available, including the ability to sort and select on any field in a report.

The Financial Statement Translation module is fully integrated with the rest of Microsoft Dynamics SL. You can create an adjusted set of books in your local currency to conform to GAAP (generally accepted accounting principles) requirements, and then translate your statements to your parent company's reporting currency for consolidation, comparison, and roll-up financial reporting.

MIG & Co. is a professional consulting firm that specializes in the implementation of business management software solutions, including Microsoft Dynamics GP, Microsoft Dynamics SL, and Microsoft Dynamics CRM. We automate business processes to ensure that our customers work efficiently. MIG is a Microsoft Dynamics Gold Certified Partner.

by MIG & Co.

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