An operation can enable the use of currency conversions in their account by setting up their base currency and various conversion rates to other currencies. These can be manually applied to quotes, expenses and invoices.
Setup base currency
- Go to Finance > Settings > Currency Management
- Set base currency on
NOTE: ONCE THE BASE CURRENCY IS SET TO ON, IT CANNOT BE TURNED OFF AND THE CURRENCY TYPE CANNOT BE EDITED.
2. Designate the base currency type and save
Management of currencies
Create any number of currency conversion rates. Currencies can be applied to quotes, expenses and invoices to reflect the proper amount. To create currencies, follow these steps:
- Click Create New
- Select the currency type, input the rate and click Create
An operation can create numerous rates of the same currency type. The last updated date and zulu time is captured for that reason. If there are multiple conversion rates for the same code (for example, multiple Euro rates), when in a quote the currency selection refers to quote date created and lists only the most recent currency option. The currency selection in the invoice refers to the invoice date.