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FX Tutorial: Foreign Currency Job Costing

You can create a Job for a Foreign Customer. If you are not using the Rates Table, you will be prompted for an Exchange Rate. If you are using the Rates Table the Exchange Rate will be retrieved from Rates Table based on the Date Entered.

The Exchange Rate is used to calculate the Base Amount for the Job Estimate, and is used on the Job Invoices if the Rates is Fixed. If you have organised Forward Cover, you should fix the rate.

If you are using the Rates Table, and want to revalue your Job Estimate, enter a date in the Date Valued field on the Job Maintenance form. The Exchange Rate will be re-retrieved from the Rates Table for that date.

The Costs on Jobs are stored in Base Currency, but the Sell Prices are stored in both Base and Foreign Currency.

See Also

FX Tutorial: Setup Foreign Currency

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