Currency Conversion
Amounts specified or derived in a currency which is different from the base currency of the company in question are converted into the company’s base currency.
The principles for this calculation are described in the following.
We distinguish between jobs using floating exchange rates and jobs using fixed price information. In the Job Price Information window, you can specify which of these two methods should be used on each job. Furthermore, the currency conversion can be performed on the date of the job entry or on the date of invoicing.
- Related Topics:
- Floating Exchange Rates
In the System Information window in the Set-Up module, you can enter a number of exchange rate tables in the Currency island to be used in connection with conversion of currency amounts in Maconomy. - Fixed Exchange Rates
In the Job Price Information window, you can specify whether or not fixed exchange rate information should be used on a given job. - Sales or Purchase
In the Job Cost module, the exchange rate table for sales is used in connection with the amounts displayed to the customer. - Date of Currency Conversion
In the Sales Orders module, currency conversion is always carried out on the date of invoicing. - Crediting
If the invoice is later credited, the current exchange rate will be used.
Parent Topic: Price Calculation in the Job Cost Module