Autologica Sky DMS, the dealer management system with a proven ROI for vehicle and equipment dealerships, now includes multi-currency invoicing, accounting, accounts receivable, accounts payable, bank and cashier management.

Unlike in other DMS and ERP systems, everything is done in real-time, without the need to run cumbersome end-of-month processes to generate accounting and reports. 

Autologica Sky DMS allows the dealership to invoice, manage accounting, accounts receivable, and accounts payable in two currencies; and handle cashiers and banks in multiple currencies. 

Features

Banks

• They can have bank accounts in multiple currencies, such as local currency, dollars, euros, etc.
• Maintain the actual balance in the bank’s currency, with the ability to transfer funds between different accounts of different currencies or receive and make transfers from banks in different currencies.
• Bank statements can be obtained in different currencies, allowing reconciliation with the movements reported by the banks.

Cash

• The balance of different bills can be managed, for example, in local currency, yen, dollars, etc.
• Receive and issue checks in different currencies, accept credit cards in different currencies, and receive promissory notes in local and foreign currency.
• Cash reports, checks, credit cards and promissory notes in different currencies simplify cash reconciliations.

Invoicing

• It is possible to invoice in two currencies (legal tender and conversion currency, e.g., local currency and dollars).
• Invoicing can be defined by sector. For example, services can be invoiced in local currency and vehicle sales in foreign currency.

Current Accounts

• Customer currents accounts can be differentiated by “account type,” such as spare parts, services and vehicles. 
• The dealership can choose how to determine the balance of accounts receivable with each customer: at their value in foreign currency or in the local currency of the invoice. 
• If the accounts receivable are maintained in foreign currency, exchange rate differences are automatically generated at the time of collection. 
• Additionally, for a customer who is invoiced and paid in foreign currency, an exception can be made not to charge exchange rate differences when they do not exceed a certain amount. This allows for courtesy during collection.

Suppliers

• Supplier accounts receivable can be managed in two currencies. 
• Exchange rate differences can be automatically generated for transactions with suppliers.

Accounting

• The conversion from local currency accounting to foreign currency is instantaneous with each generated entry, respecting international accounting standards. 
• At the end of the month, processes can be run to value monetary items, to record gains or losses due to exchange rate variations. 
• Accounting can be kept in a stable foreign currency (in addition to the local currency), allowing the dealership to compare amounts between different periods without being affected by inflation. 
• Parallel accounting in foreign currency can be maintained, allowing all accounting reports to be issued in the local currency or foreign currency. 
• Foreign currency accounting also feeds Autologica BI.