Foreign Exchange Encashment

Foreign Exchange Encashment in Aegis Software likely refers to the process of converting foreign currency into the local currency for transactions. This typically involves:

• Currency Exchange: Allowing employees, clients, or visitors to exchange foreign currency (e.g., USD, EUR) into the local currency (e.g., INR, GBP).
• Rate Management: Setting the exchange rates for various foreign currencies and tracking any fluctuations in the rates.
• Transaction Recording: Recording the details of each foreign exchange transaction, including the amount exchanged, the rate used, and the party involved.
• Reporting: Generating reports on foreign exchange transactions for audit, compliance, or financial reconciliation purposes.

 

Go to the Front Office >> Transaction >> Foreign Exchange Encashment.