Rate Tables and Billing Terms with Multicurrency

In Billing Terms, when you select a rate table for a project, Vision restricts the list of available rate tables to those with the same currency as the billing currency of the project for which you are establishing billing terms.

For example, if your project's billing currency is euros, the table lookup dialog available from the Rate Table field on the Labor tab of Billing Terms lists only those labor rate tables with a billing currency of euros.

Therefore, you must establish rate tables with billing currencies to support the various projects you undertake. For example, if you know that you will be billing projects in Canadian dollars, you must set up billing rate tables that include Canadian dollars.

Select a Rate Table's Currency

Use the Currency option on the following forms to select each table's currency:

• Labor Rate Tables Form

• Labor Category Tables Form

• Labor Code Tables Form

• Labor Override Tables Form

By default, Vision uses the functional currency of the active company. You can click the Currency option to see a list of all enabled currencies for the active company, and then select the one that you want to use for the rate table.

You cannot change the currency if the rate table is already being used for a project.

Labor Billing Rates are Rounded

Vision rounds labor billing rates to the number of decimal places for the applicable billing currency, when either of the following conditions is met:

• The labor billing method is cost-based. Vision assumes that cost rates having a precision greater than that of the billing currency are relevant to job costing needs only.

• Any significant multiplier (anything other than 1) is applied to the rate to be used for calculating the labor line item extension, which is also the rate shown on the invoice itself.

In cases where the rate is acquired from a billing rate table, and no significant multiplier is applied to that rate for labor line item extension and display purposes, then any significant digits in the rate beyond those of the billing currency are applied and displayed.