Override the Exchange Rate for a Single Expense Line Item

If you use the Multicurrency feature, you can override the currency type, date, or rate used on a single line on your expense report.

Each time that a transaction is posted, Vision stores its value in the transaction currency and in multiple other currencies used for billing and reporting. Vision also stores the amount in the functional currency of the company that owns the project, phase, or task charged for the transaction. If the transaction currency and functional currency differ, Vision uses the daily exchange rates that you establish in Configuration to calculate the amount in the functional currency.

Usually, a transaction is recorded using the exchange rate in effect on the date that the transaction took place, unless you specify an override.

To override the exchange rate for a single line item, complete the following steps:

1. Open the expense report.
2. In the grid on the General tab of the Expense Report form, click the row that represents the individual transaction for which you are overriding the exchange rate.
3. In Payment Exchange Rate, enter the rate that you want to use in place of the currency exchange rate set up in Configuration.
4. Click Save.