"Multi-currency capable" refers to the ability of a software to handle different currencies and process transactions in multiple currencies.
Typical features of software in the "multi-currency capable" area include:
Currency conversion: The software can automatically convert transactions into the desired target currency based on current exchange rates or custom conversion rates.
Multi-currency accounts: The software allows for the management of accounts in various currencies, displaying and processing amounts in the respective currency.
Customizable currency settings: The software provides flexible settings to add different currencies, customize currency symbols, and update conversion rates.
Reporting in different currencies: The software can generate reports and analyses in various currencies to present financial data for users in different regions or with different currency preferences.
Compliance with international standards: The software complies with international accounting standards and tax requirements for processing transactions in multiple currencies.