Reconcile Bi-Directional Currency Conversions in US Cost

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Reconcile Bi-Directional Currency Conversions in US Cost

While training NAVFAC cost engineers in Japan last month I ran into an interseting scenario with Currency Conversions in US Cost. Some of the items (primarily local materials) were priced in Yen, while others imported from RS Means were in dollars. I envisioned merging multiple estimates after first converting all the items in the “Dollars to Yen” estimate to Yen, so that everything would be priced in the same currency before combining into one estimate. This turned out to be unnecessary, as Success Estimator can handle different lines in different currencies. The trick is to select the baseline currency, and convert only those items in a different currency to the one used for the estimate totals.
Takeway: All items in the estimate must total to the one common currency, but different lines can be in any currency. Just make sure that all the items in a single line use the same currency, and then convert the entire line, if it doesn’t match the currency the Estimate Total’s currency


2014-11-05T16:59:10+00:00 By |Consulting, Digital Dry Shack Blog, US Cost|