RTpay Global Consulting can provide a full software solution for real-time reports and management controls.

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Multicurrency accounting needs to recognize fees, taxes, and commissions payable in the consumer currency which requires some foreign funds to be retained – and not traded back into the merchant’s currency. The remainder of the receivable needs to be traded ahead of the funds being available, to limit foreign currency risk exposure. The hedging process requires detailed analysis of risk, as well as the anticipated net conversion calculation.

Sample Settlement Data

Converting reversals at original rates

A key function of accounting is in individual transaction identification to enable reversals to take place at the same rate.

Managing the income analysis is important, particularly where the profits are shared between various partners.