Multi-Currency Settings

Multi-currency settings allow users to set currency at the company, project, and financial object level. Giving users the ability to manage projects and contracts in multiple currencies all in one Procore account! All active world currencies are available for use.

Features

• Company Currency is used as the account default and to aggregate values across projects into a common company currency in Company Enhanced Reports. It’s also used in company level tools such as Workflow templates.

• Project Currency is used to set projects in a different currency than the company currency so that projects can be managed in the local currency. All project level tools, such as the Budget, Change Events, and Project Enhanced Reports will be displayed in the project currency.

• Financial Object Currency is used to set contracts and direct costs in different currencies then the project currency. Each commitment (subcontracts and purchase orders), prime contract, and direct costs can be set in its own currency. All associated objects with that contract such as change orders, invoices, and RFQs will follow the contract currency.

• Exchange Rates can be managed at the company admin, project admin, and financial object level given the right permissions. They are used to convert project currency values to the company currency and financial object currency values to the project currency.