Update Billing Currency Amounts
Use this toolkit to update transaction currency amounts stored in the billing history tables to a new transaction currency.
This toolkit was designed primarily for companies converting to the Euro; however, you can use it any time you modify a project's transaction currency and you need the cumulative data shown in the new currency. The billing currency that you enter in this screen is the currency to which the history tables are converted. The toolkit uses the rate group entered on the Manage Project Billing Information screen to find the correct conversion rate in the Exchange Rate tables. The functional currency stored in the billing history tables is used as the basis to convert to the new transaction currency.
You must enter the new Billing Currency and Rate Group on the Other Info tab of the Manage Project Billing Information screen before running this toolkit. The application processes only projects whose billing currency on the Manage Project Billing Information screen matches the one entered in this screen. If any records exist on the Manage Standard Bills screen for projects being processed, you should either post them or set them to unselected status before running this toolkit. If an unselected record is on the Manage Standard Bills screen when you run this toolkit, it must be recalculated.