LeapCount Major Updates: Multi-Currency Support, Enhanced Reconciliation & Auto-Matching
We’re excited to announce significant updates to LeapCount that will streamline your accounting workflows and save you valuable time. Here’s what’s new:
🌍 Comprehensive Multi-Currency & Forex Processing
Managing international transactions just got easier. LeapCount now automatically handles foreign currency transactions with:
- Real-time exchange calculations that instantly show gains/losses before you complete payments
- Automatic journal entries for both realized and unrealized forex differences
- Monthly forex processing that adjusts for outstanding foreign currency transactions at month-end
Whether you’re paying a vendor in MYR or receiving payments in USD, the system tracks exchange rate differences and posts them to the appropriate gain/loss accounts automatically.
🏦 Streamlined Bank Reconciliation
Our updated bank reconciliation module makes matching transactions faster and more intuitive:
- Visual matching interface that clearly shows book transactions vs. bank statement items
- Real-time difference calculation so you always know if your reconciliation balances
- Support for deposits in transit and outstanding checks
- Complete audit trail of all reconciliation activities
🤖 Smart Auto-Matching for Statement Import
The biggest time-saver in this update: intelligent auto-matching for bank statement imports. Configure your matching rules once, and LeapCount will:
- Suggest matches automatically based on amount, date, and description similarity
- Show confidence scores for each suggested match
- Learn from your patterns using customizable exclude patterns
- Support split transactions when one bank entry covers multiple invoices
You can fine-tune the matching behavior with adjustable date tolerance, description similarity thresholds, and confidence requirements.
Getting Started
These features are available now for all users. Check out our updated documentation:
- Multi-Currency & Forex Processing Guide
- Bank Reconciliation Guide
- Statement Import & Auto-Matching Guide
What’s Next?
We’re committed to making LeapCount the most efficient accounting platform for growing businesses. Stay tuned for more updates coming soon!