Amount Conversion

The amounts are in the following currencies:

• The asset only has base and enterprise currency.
• The asset adjustment only has a currency derived from the company number on the adjustment.
• The asset entry has asset adjustment currency, asset base currency, and enterprise currency.

The system always converts all the amounts in the following order:

For an asset entry, this is the conversion order:

In the Fixed Assets workspace, the system always uses the miscellaneous exchange rate table. Additionally, for reporting in other currencies, Maconomy converts the base amount to the reporting currency.

The company number and currency always match for asset, asset adjustment, and asset entries. However, the Relocation and Internal Sales tab of the Fixed Assets workspace and the Asset Relocation and Asset Internal Sale single dialogs can ignore this. The company number of an asset entry always matches with the asset to which it belongs. Maconomy derives the base currency from the company number. Thus, they also match.

All manual entries, including computed depreciation, are on an asset adjustment that has the same company number with the asset. Therefore, all the base currency on the asset, asset adjustment, and asset entry will match. Similarly, the adjustment currency matches with the base currency of asset entries created from manual adjustment.

The supervised entries (sale, transfer, relocation, and internal sale) create asset adjustment with the company number of its asset. For example, internal sale is on an asset adjustment that has the company number from where it was sold. The adjustment currency on all asset entries created from a supervised action match but may have different company number and asset base currency.

Additionally, the system converts the amounts using the rate on the asset entry date. As a result of having different exchange rate tables for companies, the enterprise amount differs than the calculation before this enhancement. Consequently, similar adjustment amounts can be exchanged to asset base amounts using different exchange rate tables, which become different amounts and then enterprise amounts. Note that rounding may also increase the difference in the enterprise amounts.