Multi-currency Billing

Multi-currency Billing may not be activated in your implementation of Star: Billing.

Multi-currency billing enables billing in a selected currency.

All Job WIP is converted into the selected billing Currency using the current exchange rate on the date of the WIP, with any Profit and Loss resulting from exchange rate differences being accounted for. The WIP is then allocated accordingly.

Currency amounts are stored on the Nominal records, with the standard Amount fields storing the amount converted back into functional currency.

The Billing Currency must be selected in the Billing Basket before any Jobs are added to the Bill, at which point the drop-down is disabled.

To change the Billing Currency for an active Bill you must Abort the Bill, select the Currency, and then add Jobs to the Bill.

WIP analysis is in functional currency, so is not compatible with multi-currency billing.