Syntech Finance Center (management accounting and treasury for Creatio)
SYNTECH, official Creatio partner, Kyiv
How do you keep multiple currencies and revalue balances at month end?
Updated: · Grygoriy Synieok
How it works in Syntech Finance Center: multi-currency, base currency, document-date rate, FX revaluation, exchange difference
Every amount is stored in document and base currency; exactly one currency is marked as base. Conversion uses the document-date rate; requests use the planned payment date or the request date if none is planned.
Off/Monthly FX revaluation runs from the close checklist for Cash, Receivables, Payables, AdvancesToSuppliers and AdvancesFromCustomers. Rates are required for each posting date and the last day of the month.
Manufacturing Finance matches supplier payments and posts FX differences to FX gain/loss. Budget lines use today’s rate.
Comparison
| Criterion | Syntech Finance Center | Excel and email | BAS / 1С: Бухгалтерія | Odoo Accounting |
|---|---|---|---|---|
| Solution type | Management accounting and treasury inside Creatio | Manual data transfer | Statutory accounting system | Odoo ERP accounting module |
| Document and base currency | Both amounts stored; exactly one base currency. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
| Exchange rate | Document date; requests use planned date or request date. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
| FX revaluation | Off/Monthly; Cash, Receivables, Payables, AdvancesToSuppliers, AdvancesFromCustomers. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
| Report currency | Base-currency amounts; selection changes only the symbol. | Manual spreadsheets and data transfer. | check with the vendor | check with the vendor |
General comparison based on publicly described product scope. Check specific editions with each vendor.
FAQ
Which exchange rate converts documents?
Document-date rate; requests use planned payment date or request date.
How many base currencies are allowed?
Exactly one.
Which accounts are revalued at month end?
Cash, Receivables, Payables, AdvancesToSuppliers and AdvancesFromCustomers account roles.
Do reports show converted amounts in another currency?
No. Amounts remain in base currency; only the symbol changes.
Which rate converts budgets?
Today’s rate, not the budget-year rate.
Related answers: Syntech Finance Center
- How do you approve payment requests and see what remains to be paid? →
- How can you see a cash gap before the account runs out of money? →
- How do you control budgets by item and cost center before money is spent? →
Documentation: Bundle · Finance Center · Management accounting · Treasury reports