Handling of hourly prices in foreign currency/en - Revision history

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2023-12-22T09:24:46Z

← Older revision		Revision as of 09:28, 31 March 2026
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−	[[Category:Manuals]]
	[[Category:Projects]]		[[Category:Projects]]
	[[Category:PRO-HSC-EN]]		[[Category:PRO-HSC-EN]]

← Older revision		Revision as of 14:01, 12 November 2025
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	Invoice content is given in base currency and text is given in invoice currency.		Invoice content is given in base currency and text is given in invoice currency.
	The amount in the invoice text is calculated in base currency at the daily currency rate and may therefore differ from the content (which is registered at the exchange rate on the time report date).The difference between the base currency amount in the invoice content and the text is handled by setting the parameter "Max currency discr. on foreign invoice text" in the Base register \| PRO \| Parameters tab Invoicing to an allowed percentage for deviation. To completely avoid checking for difference, the parameter can be set to 999.99% but can also be set to a lower percentage to reduce the risk of difference caused by misregistration rather than exchange rate variations.		The amount in the invoice text is calculated in base currency at the daily currency rate and may therefore differ from the content (which is registered at the exchange rate on the time report date).The difference between the base currency amount in the invoice content and the text is handled by setting the parameter "Max currency discr. on foreign invoice text" in the Base register \| PRO \| Parameters tab Invoicing to an allowed percentage for deviation. To completely avoid checking for difference, the parameter can be set to 999.99% but can also be set to a lower percentage to reduce the risk of difference caused by misregistration rather than exchange rate variations.
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		+	[[Category:Manuals]]
		+	[[Category:Projects]]
		+	[[Category:PRO-HSC-EN]]

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 * Select a price list on the project in Base register | PRO | Clients and Projects in the Price fees tab.
 There are two ways to enter the hourly rate and, in both cases, there must be a row as a price row for all employees regardless of the fee code.
 The price list can either be filled in as Special price on  the project in project currency or linked to a price list at According to price list. According to price list uses a price list from Base register | PRO | Special hourly rates. In this price list there is a field for the currency to be used.
 No prices from the Employee Register or from the Fee code register are used when the project currency is entered.
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 *	Hourly rates in foreign currency should not be changed during the life of the project. Instead, new hourly rates should always be handled by creating new projects and new hourly rate lists. Project analysis of the project as a whole is handled by linking the projects to a master project.
 *	Hourly rates in foreign currency can be entered on hourly rate lists and as hourly rates on projects but not for hourly rates on employees and hourly rates per code.
-*	The solution is for fees only and does not include special handling for purchases or other. Purchases and other are displayed in Project currency with the daily rate of the project currency.
+*	The solution is for fees only and does not include special handling for purchases or other. Purchases and other are displayed in Project currency with the daily rate. currency.
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 With the parameter activated, there is a choice in the project analysis to show the amounts in project currency. The default is to show the amounts in project currency, but it is possible to switch between Base currency, Invoicing currency and Any currency and currency rate date.
 Fee amounts are calculated as the number of hours multiplied by the hourly rate list for all fee transaction types (Cost estimate, Registered, Adjusted, Invoiced and WIP).
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 With Hourly rates in any currency enabled, the project currency is set as the estimate currency by default when registering a new cost estimate.
 The hourly rate is retrieved from the hourly rate list in the project currency.
 The currency rate will continue to default to the daily rate but with the possibility to change it.
@@ Line 54: / Line 48: @@
 Invoice content is given in base currency and text is given in invoice currency.
 The amount in the invoice text is calculated in base currency at the daily currency rate and may therefore differ from the content (which is registered at the exchange rate on the time report date).The difference between the base currency amount in the invoice content and the text is handled by setting the parameter "Max currency discr. on foreign invoice text" in the Base register | PRO | Parameters tab Invoicing to an allowed percentage for deviation. To completely avoid checking for difference, the parameter can be set to 999.99% but can also be set to a lower percentage to reduce the risk of difference caused by misregistration rather than exchange rate variations.

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 == Project analysis ==
 With the parameter activated, there is a choice in the project analysis to show the amounts in project currency. The default is to show the amounts in project currency, but it is possible to switch between Base currency, Invoicing currency and Any currency and currency rate date.
 {{ExpandImage|PRO-HSC-EN-Bild12.png}}

@@ Line 11: / Line 11: @@
 * Select a price list on the project in Base register | PRO | Clients and Projects in the Price fees tab.
 There are two ways to enter the hourly rate and, in both cases, there must be a row as a price row for all employees regardless of the fee code.
 {{ExpandImage|PRO-HSC-EN-Bild10.png}}
 The price list can either be filled in as Special price on  the project in project currency or linked to a price list at According to price list. According to price list uses a price list from Base register | PRO | Special hourly rates. In this price list there is a field for the currency to be used.
 {{ExpandImage|PRO-HSC-EN-Bild11.png}}
 No prices from the Employee Register or from the Fee code register are used when the project currency is entered.

← Older revision		Revision as of 15:12, 2 January 2024
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	Invoice content is given in base currency and text is given in invoice currency.		Invoice content is given in base currency and text is given in invoice currency.
	The amount in the invoice text is calculated in base currency at the daily currency rate and may therefore differ from the content (which is registered at the exchange rate on the time report date).The difference between the base currency amount in the invoice content and the text is handled by setting the parameter "Max currency discr. on foreign invoice text" in the Base register \| PRO \| Parameters tab Invoicing to an allowed percentage for deviation. To completely avoid checking for difference, the parameter can be set to 999.99% but can also be set to a lower percentage to reduce the risk of difference caused by misregistration rather than exchange rate variations.		The amount in the invoice text is calculated in base currency at the daily currency rate and may therefore differ from the content (which is registered at the exchange rate on the time report date).The difference between the base currency amount in the invoice content and the text is handled by setting the parameter "Max currency discr. on foreign invoice text" in the Base register \| PRO \| Parameters tab Invoicing to an allowed percentage for deviation. To completely avoid checking for difference, the parameter can be set to 999.99% but can also be set to a lower percentage to reduce the risk of difference caused by misregistration rather than exchange rate variations.
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		+	[[Category:Manuals]]
		+	[[Category:Projects]]
		+	[[Category:PRO-HSC-EN]]

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 ==Invoicing ==
 Invoice content is given in base currency and text is given in invoice currency.
 [[Category:Manuals]]