When Efficy supports multiple currencies, a consolidated currency is required to calculate total amounts.
The data your financial department needs, the reports on (expected) turnover etc. for your management are available in the consolidated currency (example: €) used by the head office, but you can serve the local markets with offers, invoices etc. in the local currencies (examples: $, £ and ¥).
•an offer implies the delivery of 5 lounge chairs and 10 filing cabinets to client X.
•3 lounge chairs and 7 filing cabinets are intended for the Brussels head office of client X. 2 lounge chairs and 3 filing cabinets for its U.K. subsidiary.
•the “mainland” offer is expressed in Euro (€), the British offer in pounds (£).
Question: how can we calculate the total sum of this sales opportunity or invoice? We can with the database-wide consolidated currency!
•the “mainland” offer amounts to 750 Euro (€), the British offer amounts to 250 pound (£).
•the total of this sales opportunity or invoice is 1,200 Euro (with the Euro as consolidated currency).
Select the consolidated currency in the drop-down list.
related parameter: MultiCurrencyMode
more info on multi-currency support: Supporting multiple currencies