Gravity Software Announces Multi-Currency and Enhanced Multi-Entity Accounting
Mar 17, 2020
DETROIT, March 18, 2020 /PRNewswire/ -- Gravity Software™ (Gravity), a robust mid-market cloud accounting solution today announced its latest release, Version 5.1 of its popular application. Two of the major updates include the addition of Multi-Currency management and enhanced Multi-Entity Reporting.
"We are excited to introduce Gravity Software v.5.1, with enhancements to meet the growing needs for companies around the world," said John Silvani, President & CEO of Gravity. "We will continue to position Gravity as the number one cloud-based accounting solution for companies that have outgrown entry level applications like QuickBooks and Xero."
Gravity v.5.1's key major enhancements include:
Multi-Currency - End users have the ability to set up Multi-Currency at three different levels. They can setup a single organizational currency for consolidations, a base currency for each company, and transact in different currencies. For example, they can receive a vendor invoice in a currency different than the entity's base currency and Gravity automatically handles all the currency conversions. Enhanced Multi-Entity Accounting Entity Groups can now be created and used in reporting and master files security (customer, vendor, etc.) Entities can be assigned to one or more groups. You can select an Entity Group and the report will include all of the entities in the group. Enhanced Advanced Financial Reporting Dimensions can now be used as filters on ADFS rows. Multiple entities can be grouped under a common name and used in reporting by just selecting the group.Gravity's big claim to fame is the consolidation of multiple entities in just one database, on just one platform. Built on the Microsoft Power Platform (aka Dynamics 365), users can scale up and down, add additional modules based on their operational needs, and much more.
"80% of our clients came from QuickBooks and the remaining from legacy accounting apps," said Silvani, "This software update release provides better efficiencies for businesses that are managing multiple entities and need to transact in different currencies. Gravity helps companies that truly want a robust cloud-based accounting solution at an affordable price."
If your business is managing multiple companies, each with its own separate database, you should be looking at Gravity Software. Gravity's multi-entity accounting software eliminates redundant data entry and provides real-time insights so you can make better informed decisions for your business.
[Related: How multi-entity accounting software empowers growing businesses]
If your business is outgrowing your current entry level accounting software, consider Gravity Software. It's easy to use and easy to implement. Most of all, Gravity works for you. If your business has outgrown QuickBooks or is still operating on old technology, schedule an online demo today at https://gogravity.com/schedule-a-demo/ .
Gravity Software, LLC (Gravity) is a cloud-based business management software company that provides accounting solutions for businesses that have outgrown their entry level accounting software like QuickBooks. Gravity's robust accounting solution is built on the Microsoft Power Platform (aka Dynamics 365) and gives businesses the ability to have their financial and operational data on just one platform. More than just accounting, Gravity provides businesses with real-time insights into all their lines of businesses. Gravity Software. Better. Smarter. Accounting. https://www.gogravity.com/. Follow us on Twitter, LinkedIn, & Instagram, Subscribe to our YouTube Channel, and Like us on Facebook.
Gravity Software and the Gravity logo are trademarks of Gravity Software LLC. All other company and product names mentioned herein may be trademarks of their respective owners.
Contact:
Mandy Vogt, Director of Marketing
248-564-3122
[email protected]
SOURCE Gravity Software
Related Links
More News
Some Alberta pharmacists say they’re having trouble getting enough stock of COVID-19 vaccines
This fall, unlike last year, the province is allowing pharmacists to give out COVID-19 shots. But some pharmacists say they are not getting full shipments of the doses they have ordered.
Neue Einreiseregeln weltweit: Das hat sich aktuell geändert
Mit diesem Beitrag halten wir Sie auf dem Laufenden, was Einreisebedingungen und angekündigte Änderungen in Sachen Visa und elektronische Einreiseanmeldungen angeht. The post Neue Einreiseregeln weltweit: Das hat sich aktuell geändert appeared first on Business Traveller.
REVEALED: The UK's most liveable cities - where you'll enjoy a better quality of life and more money in your pocket (while London disappoints)
Where in the UK can you enjoy the best quality of life without paying a fortune? The results are in - and some surprising cities are beating the big-name hotspots
From Airport to Rome’s City Center in 10 Minutes? ITA Airways and Archer Have a Plan
ITA Airways and Archer Aviation are exploring electric air taxi services connecting Italian airports with city centers, promising faster journeys aboard battery-powered aircraft, although certification and launch dates remain unresolved. The post From Airport to Rome’s City Center in 10 Minutes? ITA Airways and Archer Have a Plan appeared first on Business Traveller.
I've Always HATED Seafood, But I Finally Put On My Big Boy Pants And Gave It A Fair Chance. Here's My Brutally Honest Review
All my seafood haters, rise up! View Entire Post ›
Experts, Liberal MP hope for full ban on sports betting ads as advocates cite mental health decline
Sports betting businesses in Ontario, Alberta and eventually Quebec could soon be limited by a Senate bill seeking to restrict sports betting ads across Canada based on findings of increased addiction and gambling-related harms and suicides in Ontario, which reached committee on Wednesday.
17 Travel Products That’ll Help Keep You Organized On Your Next Trip
Whether you're catching a flight or going on a road trip, these products will help you stay organized. View Entire Post ›
From Halloween to year-round bookings: the growing appeal of dark tourism
With the spooky season around the corner, ghost tours and Halloween experiences are set to take centre stage. But according to Bókun, a Tripadvisor company, growing interest in dark tourism is helping fuel demand for ghostly experiences year-round. To explore how rising global fascination with the supernatural is translating into year-round bookings, Bókun has shared insights from tour operators, alongside data revealing growing demand for people booking spooky tours on their own doorstep.
EDITION Hotels Expands into Africa, Launching on Cape Town’s V&A Waterfront
The new V&A Waterfront hotel brings 142 rooms, rooftop dining, and contemporary design to South Africa's historic harbour The post EDITION Hotels Expands into Africa, Launching on Cape Town’s V&A Waterfront appeared first on Business Traveller.
12 of the best new K-dramas to watch in November 2026, including The Blue Road on Netflix
November promises to be a remarkably busy month for K-drama fans, offering a wealth of choices that include the year’s biggest fantasy epic and two sequel seasons to recent hits. Here is what to watch over the coming month. 1. The Remarried Empress Lead cast: Shin Min-a, Ju Ji-hoon, Lee Jong-suk, Lee Se-young November’s splashiest show is undoubtedly the big-budget adaptation of the fantasy romance webtoon The Remarried Empress. Shin Min-a plays Navier, the beautiful empress of the Eastern...
"Yes, It Is Weird As F*ck": 29 Americans Are Sharing What "Reverse Culture Shocks": They Faced After Moving Back Home From Abroad, And It Just Shows How The US Is Not The Best
"Something I didn't miss when I was abroad was the tipping culture in the United States. Here, tipping is expected everywhere for everything." View Entire Post ›
The secret life of chalet girls: From drunken nights at €10-a-pint apres bars to illicit romps with guests, this is what life is really like in the Alps
What really goes on behind chalet doors? We head to the French Alps to see what life is really like for the hosts that bring ski holidays to life - from late-night partying to gruelling cleaning duties.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.