EZLease does not currently provide foreign currency translation. You have two options to account for leases written in a different currency:
- Convert the contract to dollars using the exchange rate at inception. If you do this, you won't get currency translation adjustments in accordance with ASC 830. This may be reasonable if the currency impact is immaterial.
- Note the currency in one of the user-defined fields and the exchange rate at inception (historical rate) in another, then run separate reports for leases by currency using the Special Options button on the report setup page (or create a single report for all leases but then segregate them by sorting in Excel). Then manually do the appropriate exchange rate calculations based on historical and current rates.