Multiple Currencies

The architects of the BlackLine application previously designed and implemented foreign exchange trading systems. From the very beginning, BlackLine has understood the importance and the complexity of a true multi-currency system. Most BlackLine clients operate in a multi-currency world, with many different implementation variations.

BlackLine supports a Reporting (sometimes called Group) currency which is typically the currency in which the company reports its financial results, Functional (or Entity) currencies which are associated with different accounts across different locations, and Account (or Local) currencies, also associated with the accounts. Further, supporting items may be entered in other transactional currencies.

Depending upon the configuration of your ERP and/or consolidation system, BlackLine can accept either balances and/or rates and triangulate accordingly. An array of options allow you to properly reflect the impact of FX on your reconciliations.

All BlackLine screens, reports, and grids can display the balances and adjustments in whatever currencies are available. The multi-currency design of BlackLine is throughout the entire system, not just on a few reconciliation screens.

In Europe, it is more common to find single reconciliations that carry account balances in different currencies with the need to reflect a reconciliation of each currency within a single form. A portion of this type of reconciliation is shown below.