The Exchange Rates feature allows users to apply accurate currency conversions when processing and approving finance documents such as Invoices, Purchase Orders and Expense Claims. This ensures that the financial records and reports reflect the most up-to-date and accurate value of transactions across different currencies.
For requests created in ApprovalMax
We use the exchange rates from http://openexchangerates.org/. The alternative source is https://fixer.io/, in case http://openexchangerates.org/ is not available.
If the exchange rate was entered manually, we state the source of the exchange rate as "Adjusted manually by the Requester".
For requests created in Xero
Irrespective of whether the exchange rate was calculated automatically in Xero or entered manually, we state the source of the exchange rate as "Xero".
For requests pulled from QuickBooks Online
We state the source of the exchange rate as "QuickBooks Online".
For requests created in NetSuite
We state the source of the exchange rate as "NetSuite".
For requests copied from other requests, we state the source of the exchange rate as "Original request".
For requests in cryptocurrency, we use the exchange rate from https://coinlayer.com/