Automatic exchange rate handling and currency logic
All trial sites and new TimeLog-sites will use a new currency handling logic with more automation.
The new currency model will be centralised and consistent instead of the more cumbersome per-project model.
This is the first step in rolling out a new currency handling logic for all customers.
The new currency handling functionality handles exchange rates over periods instead of doing it per project and invoice.
What are currency periods?
Exchange rates change every period, and by default, an exchange period is one month long.
Example
DKK to SEK in August will use the rate 1,59
DKK to SEK in September will use the rate 1,61
You will hear more about the new currency handling logic when we roll it out for all customers.
Released in TimeLog PSA trials and new TimeLog-sites.