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Foreign Currency

Foreign Currency in Moveware refers to any currency that is not the system’s base currency. 

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How to Manage Foreign Currency in Costing 

Moveware has the ability to manage multi-currency costing and pricing. When entering costs into a job which are based on a foreign currency, you can: 

1. Select the currency of these costs by indicating it in the ‘Cur’ (currency) column of each costing line. 
2. Assign a foreign-currency Supplier (Creditor/Vendor) to a costing line, which will automatically update the ‘Cur’ column with that Supplier’s assigned currency.  

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How to Select a Foreign Currency Sell Price 

When you want to sell a cost option in a foreign currency, simply assign a foreign-currency Customer (Debtor). When a Foreign Currency Customer is used in Costing, a Foreign Currency Sell price can be recorded.

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How to Adjust the Exchange Rate on a Cost Option

The exchange rate that the system will default to at the time of quoting is based on the exchange rate for that date, as set in the ‘Foreign Exchange Rates’ module. However, it is possible to manually adjust the cost and sell exchange rates, on a per-job basis, through the ‘Forex’ fields right on the Costing screen.  

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