Multi-Currency Subcontracts
The subcontract will use the currency defined on its vendor. By rule, the subcontract cannot have a currency different from the vendor's currency.
Processing Rules
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When setting up the subcontract in the system, enter its value in the vendor currency. Do not enter any subcontract amounts using the reporting currency!
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As the Vendor Info Bar is visible when the Subcontract Info Bar is active, the vendor currency will display on the Vendor Info Bar. For this reason the currency code does not display on the Subcontract Info Bar.
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All open commitments will be translated into the reporting currency using the current exchange rate. A subcontract written in a vendor currency is a contractual agreement in that currency. The translated value of the subcontract will "float" from the moment it is created to when it is paid. The value is "locked" only when paid with a posted vendor invoice.
Tip: As with vendors, to group subcontracts with the same currency together, sort the Subcontracts listbox by currency code.
