Currency and Exchange Rate Overrides

When you post an expense, iAccess normally uses the default currency and exchange rate that are in effect on the date that you enter for the expense item. However, you can use the Currency Override dialog box to change the default currency or exchange rate when the published currency or exchange rate does not apply to the expense item. For example, if you are traveling in multiple countries and enter expenses in different currencies on the same report, you can override the default currency for those specific transactions.

When you use the override feature, you can specify the following:

• A different transaction currency
• A different exchange date, in which case the rate in effect for the specified date is used
• A different exchange rate

You can make changes using the Currency Override dialog box at any time until the expense report is posted. If you enter override information, it applies to new rows that you add. This is useful when you need to add multiple items at the new rate or currency. The only existing rows that it affects are those for which you change the currency to match the override currency.