Currency

Estimates can be created in any Currency. You can display or change the currency used for the estimate by clicking the Currency hyperlink at the top right of the Estimate details page. Hover over the hyperlink to view the currency related information for the estimate.


Estimate Currency

This is the currency that the printed estimate will be presented in. Normally this would be defined based on the intended client invoicing currency.

When creating a new estimate, the currency will default to the currency defined on the client that the estimate relates to. However if there is an existing estimate version for the selected job then it will default to the same currency and all subsequent estimate versions for that job must be the same currency.

The estimate currency cannot be changed if the estimate has been approved.

 

Home Currency

Information for reference purposes - the local accounting currency of the office that the estimate belongs to

 

Exchange Rate to Home Currency

On reports and functions that display the estimate in the local office accounting currency - it's value will be divided by this rate. For example an estimate with a total value of 10,000 which has a rate of 1.1 will have a local office accounting currency value of 9,090


Reverse Exchange Rate to Home Currency

Information for reference purposes - the exchange rate from the local office accounting currency to the estimate currency.