Foreign Currency

If you're required to invoice in currency other than Australian dollars, here is when you can set a currency rate.

Getting Started

Setup required before use	Who can use it?	Where is it?
Currency Rates	Assistant project manager Project Manager Director Administrator System Administrator	Projects > Options Menu > Currency

Assign the currency rate

Where is it? Projects > Options > Currency

Complete the following steps

1. Select a rate from the currency drop down.
2. The currency symbol and conversion rate will default to those added in the currency rate setup - change as required.
3. Set the currency rate to Fixed or Variable.
4. Save.

More information

Fixed or Variable

Depending on your contract terms - Fixed will be the same currency rate for the life of the project.  Whereas Variable will reflect the rate at the time the invoice is created.

Conversion rate

If using Variable, there will be an option to set the rate during the invoice wizard.  Click the Conversion rate heading to open the default website for foreign currency.

Sync invoices to accounting system

Once an Invoice is created as a Final, it will then sync to your accounting system using Connect or Export. A flag is attached to the invoice to indicate it was created with foreign currency and this will carry through into the Invoice record. 

Read more on syncing invoices to your accounting system.

Want to learn more?

Looking for more help? Try reviewing the following topics: View Topics

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