Currency Conversion Rules

The currency that you choose impacts Maconomy’s conversion.

• If the base currency of the job entry’s executing company is equal to the invoice allocation line’s currency, no conversion is necessary.
• If the base currency of the job entry’s executing company is equal to the invoice allocation line’s base currency, the exchange rate is equal to the vendor invoice amount currency/vendor invoice amount base.
• If the base currency of the job entry’s executing company is equal to the global enterprise currency, the exchange rate is equal to the vendor invoice amount currency/vendor invoice amount enterprise.
• If the base currency of the job entry’s executing company is not equal to any of the above, Maconomy converts the currency using the global purchase exchange rate table on the date of the vendor invoice’s entry date.