Multi-currency setup and management
An operation can enable the use of currency conversions in their account by setting up their base currency and various conversion rates to other currencies. These can be manually applied to quotes, expenses and invoices.
Setup base currency
Go to Finance > Settings > Currency Management
Set base currency on
NOTE: ONCE THE BASE CURRENCY IS SET TO ON, IT CANNOT BE TURNED OFF AND THE CURRENCY TYPE CANNOT BE EDITED.
2. Designate the base currency type and save
Management of currencies
Create any number of currency conversion rates. Currencies can be applied to quotes, expenses and invoices to reflect the proper amount. To create currencies, follow these steps:
Click Create New
Select the currency type, input the rate and click Create
An operation can create numerous rates of the same currency type. The last updated date and zulu time is captured for that reason. If there are multiple conversion rates for the same code (for example, multiple Euro rates), when in a quote the currency selection refers to quote date created and lists only the most recent currency option. The currency selection in the invoice refers to the invoice date.
Ref: F-F02
Related Articles
Exchange Rate Management
When a new exchange rate related to the currency in an existing quote becomes available, an 'Update Exchange Rates' button with the message "New exchange rates are available" becomes visible on the quote. Click on the button to update the exchange ...Case Management Setup: Case and Resolution Types
Cases can be created through a trip or a flight log and are a way to document service issues and safety concerns. Before implementing the case management processes, be sure to setup custom case types and resolution types. This article will show how ...Tax rate setup, management and use
The multi tax section permits operations to create various tax rates. For example, Cargo, Passenger FET, VAT, GST, Special State Tax, etc. The rates can be applied to quote flight charges, quote line items and invoice line items, or across the entire ...Setup Quote Pricing (Contracts)
Setup multiple rates (contracts) on the aircraft profiles and/or the account records. Each contract created on the aircraft profile can encompass owner payback details, which drives the profit percentage in the profit analysis within the quote. ...Configuring Instrument Currency Check (V2 Only)
This article explains how to set up the instrument currency checks including approaches, holds, and tracking within a regulatory set. The regulatory set is applied to a trip and/or flight leg so all of the checks are being done in the background and ...