The Prolecto Foreign Currency Transaction Converter is a set of utilities designed to assist situations where you are working with foreign currency invoices and vendor bills but seek to produce cash receipts and cash disbursements either with base currency or with other foreign currencies. The software algorithms leverage bank clearing account concepts.

Clients may transact in one currency but need to accept or produce payments in another currency. The application provides a mechanism for control records and transactions to confirm proper accounting and thus reporting. The tool is offered without transaction or recurring license charges.

Build ID 121

Version: 20231010.RC

1. Ability to get more control over the Exchange Rate and resulting calculations
2. Refinements for Amount Remaining display logic

Version: 20220325.RC

Minor revisions and mainteance 

Version: 20200324.RC

• Minor Refinements
• Added reference to Usage Guide

Version: 20190424.RC

Optimized for patterns to solve for invoice currency jump automation. 

Version: 20180605.RC

Revised for Customer Invoices and target transaction to base currency requirements.

Version: 20180307.RC

Refinements to trigger FRx bill creation using SuiteLets to ensure that bill user events fire.

Version: 20180211.RC

Refinements for sourcing and targeting fields to better adapt as it moves through the lifecycle. Button to launch in foreign currency receipt mode.

Version: 20180205.RC

Additional refinements to allow the user to specify the number of target currency units which will satisfy the source obligation by automatically determining the target exchange rate that will net equal economic impact in base currency without gains or losses.

Version: 20180130.RC

Initial release for testing with client.