Rates And Converted Amounts

The rate column appears when an expense transaction is made in a currency that differs from the functional currency or when mileage is involved. This rate serves to calculate the amount that will be reimbursed to the user, and this amount will appear in the Amount (Functional Currency) column.

If your company settings allow it, the rate can be modified to match the actual rate at the time of your expense.

note

The rate can be re-calculated by entering the exact amount in the functional currency that you were charged, if the expense was made using a credit or debit card.