Currency and Accounting Settings (Cloud)

Currency and Accounting Settings (Cloud)

The Financial section includes settings that define the property's currency configuration and accounting structure. These settings help ensure financial information is displayed correctly throughout Visual Matrix Cloud and align with the property's accounting practices.
Path: Management > Property Settings > Parameters > Financial


Currency Symbol

The Currency Symbol setting determines how monetary values are displayed throughout Visual Matrix Cloud.
Common examples include:
  1. $ (Dollar)
  2. € (Euro)
  3. £ (Pound)
Notes
The selected symbol is used throughout the PMS, including reservations, folios, payments, and reports.

Currency Code

The Currency Code setting defines the currency code associated with the property.
Common examples include:
  1. USD (United States Dollar)
  2. EUR (Euro)
  3. GBP (British Pound)
Notes
This setting should correspond to the currency used by the property.

Number of Accounting Periods

The # Of Acct Periods setting determines the number of accounting periods used by the property for financial reporting.
Most properties use a traditional 12-month accounting calendar. However, accounting periods can be configured to match ownership requirements, accounting practices, or local regulations.
Notes
The selected value should reflect the property's accounting structure.

Save Changes

After modifying any setting in the Financial section, click Save at the top of the page to store your changes. Unsaved changes will not be applied to the property configuration.


Still Need Help With This Topic?

Ask Yourself:
  1. Is the correct currency symbol selected for the property?
  2. Does the currency code match the property's operating currency?
  3. Does the number of accounting periods align with the property's accounting structure?
Support May Ask You:
  1. What currency symbol and currency code are currently configured?
  2. How many accounting periods is the property using?
  3. Are you following a standard calendar year or a custom accounting calendar?
  1. Deposit Forfeit and Refund Controls (Cloud)
  2. Financial Reporting Settings (Cloud)
  3. Date and Time Settings (Cloud)
  4. Property Settings - Parameters Overview

    • Related Articles

    • Financial Reporting Settings (Cloud)

      The Financial section includes reporting preferences that control how financial data is compared and displayed throughout Visual Matrix Cloud reports. These settings help properties align financial reporting with their budgeting practices, ...

    • Setup Accounting Periods (Cloud)

      In bookkeeping, an accounting period is the timeframe used for the preparation of management accounts and financial statements. In management accounting, the accounting period can vary significantly and is decided by the management. The standard ...

    • Setup a New Accounting Code (Cloud) 🎥

      ? Watch Video #1 | Watch Video #2 An accounting code is a unique identifier assigned to financial transactions or categories within the system. It helps organize and track financial information related to property management, tailored to the ...

    • Apply a non calendar Accounting Year in Visual Matrix

      Should you operate on a non-calendar accounting year and require adjustments to your accounting periods, please reach out to our Client Experience Team at least a couple of days before the intended change. A form must be filled out and signed to ...

    • Adding a Local Currency Total to Guest Folios (Cloud)

      Displaying a secondary currency on guest folios can be helpful for international guests, but it also requires careful setup. Since exchange rates are entered manually, understanding how this feature works is essential to ensure totals remain accurate ...