Multi-Currency

AMT supports multiple currencies. Many reports can show financial amounts in any currency, and transactions (for example, work orders, billings) can be imported into AMT in any currency. If external systems provide the exchange rate to AMT it will be used, otherwise AMT uses a table of historical exchange rates.

The reporting currency is nominated at the site level. Any reports run for assets within that site show the site currency. Where assets from multiple sites are selected and there are financial values in the report, the report only runs if the site currencies are the same.

The exception to this is if the report allows for a currency to be selected. In this case, the report converts the data to the nominated currency. The following data can be maintained in multiple currencies:

• Standard jobs.
• Strategy task jobs (can also be linked to a standard job in different currencies).
• Projected billings.
• Costs (work order settlements).
• Billings.

You maintain the exchange rates from all currencies to the Default Currency in the System Tables (on a monthly basis enter the latest exchange rates).

For actual costs and billings transactions, the exchange rate at the time of the transaction is recorded (usually imported from the ERP as part of the standard interface routine). That transaction-specific exchange rate is what is used for converting amounts between currencies.