Costs in multiple currencies

Costs in multiple currencies

CocoonOPS supports handling of costs in two ways: 
  1. Costs can be converted into the consignment billing currency
  2. costs can be managed in their original billable currency

To manage costs in their original currency all you have to do is: 
  1. Create a new cost 
  2. Select the currency that the cost is billed in 
  3. Enter the cost information in the original currency 
  4. Ensure the Payable in original currency option is selected
  5. Save the cost

Cost entered in currency different from the consignment billing currency

Setting the Payable in original currency will ensure costs are  displayed and reported on in the currency entered rather than the consignment billing currency. 


Summary of consignment costs in each currency that is used

The costs tab will show the total of each currency used on the consignment for costs, as shown above.

    • Related Articles

    • Rates Tab

      The rates tab is how the finance for the Consignment is managed. Summary The summary tab gives you an overview of the Consignment’s finances. Credit Limit This panel show the credit information from the finance account that the consignment is linked ...
    • Rates Manager

      The rates management screen in the finance module provides you with a single screen rates. Rates accessible here are limited to transaction which: are linked to a consignment not linked to an invoice The rates manager is limited to 1,000 rate lines ...
    • Making changes to rates attached to an invoice

      It is possible to make changes to costs and revenue once they have been attached to a sales or purchase invoice. The invoice must be in the DRAFT state. As long as the invoice that a rate is attached to is in the DRAFT state, it can be edited through ...
    • Rates Tab

      The rates tab is how the finance for the quote is managed. Summary The summary tab gives you an overview of the quote’s finances. Credit Limit This panel show the credit information from the finance account that the consignment is linked to through ...
    • Exchange Rates

      CocoonOPS automatically imports currency exchange rates daily from freecurrencyapi.com which provides the intra-bank exchange rates. Use the Base Currency drop down to select the currency you want to work with. You can set a percentage adjustment for ...