Multi-Currency Support (with Sage Intacct)

In our integration with Sage Intacct, Martus includes support for multiple currencies for both actuals and budgets. Martus also allows you to view actuals and budget in local currency or consolidated into a single currency.  

The amounts within Martus are nominal (not formatted for any specific currency). Each location or entity can view their actuals and do their budgeting in their local currency. When uploaded to Sage Intacct, this budget should be loaded to the Intacct budget that is also in local currencies. 

To view consolidated actuals, a second instance of Martus is required. This instance is configured so that it is connected to the consolidated books within Intacct. Both instances share the same chart of accounts and dimensions. Users can be authorized in one or both instances. (Any users who are set up to access both instances can toggle between those instances without logging out.)  

If a consolidated budget is also required, a feature within Martus allows you to provide currency conversion factors to convert the local-currency budget to a consolidated currency budget. You can then import this budget into your second (consolidated) instance of Martus. This budget can also be uploaded to Intacct, if desired. 

Within Martus, currencies and the currency conversion rate are defined at the level of the location dimension. 

The second instance of Martus uses the Alternate Transaction BookId setting to specify the consolidated books as show in the example below. This is configured by Martus Support as part of implementation of the Multi-Currency feature.