Conversion from Single Currency
Conversion from Original Currency
Example Scenario
- Conversion to base: Target is the base currency. Therefore, Maconomy uses the company/job-specific exchange rate table.
- Conversion to enterprise: Maconomy uses the enterprise exchange rate table from base currency. Therefore, the system always converts via the base currency.
Order of Conversion
There are instances where there is a reference currency, an additional currency that can be the customer standard currency, vendor standard currency, or job invoice currency.
Maconomy calculates the amount in reference currency from the original currency, using the company or job-specific exchange rate table.
Order of Conversion
Conversion from Base Currency
If you enter a value in base currency, where there is no original currency. The currency amount becomes a reference currency.
Order of Conversion
Conversion from Enterprise Currency
There is a difference between conversion from the enterprise currency amount, and from an amount in the enterprise currency.
Example 1
You can enter the enterprise amount in the G/L journal. The amount you entered is posted as the enterprise amount.
Order of Conversion
Example 2
You can enter a credit max on a customer. The amount is in the enterprise currency, and it is converted to the relevant currency when needed.
Note: This is not a conversion from the enterprise amount. It is a usual conversion from an amount that has the same currency as the enterprise amount. We recommend that you select a currency amount and a currency.
Use the following currency conversion rule in both cases:
Order of Conversion