How do you invoice a job in another currency?
If you want to handle your jobs with currencies other than your local currency, that’s possible.
This is what happens in the video
You can run jobs in Business Central using a currency other than your local currency. The invoicing currency code on the job controls which currency the invoices are issued in. When you select a customer, the job inherits the invoicing currency code from the customer card automatically. If you invoice an American customer, all invoices for that job are handled in US dollars.
You set the invoicing currency code on the Foreign Trade tab of the job card. When you invoice in the customer’s currency with fixed foreign currency, an agreed amount such as $1,000 stays at $1,000 even if you change planning line dates.
Setting up a job with a foreign invoicing currency
To invoice a job in a currency other than your local currency, start by creating a new job. Let the system assign the next available number and enter a description. For example, a bike company might be helping to develop a new brake for a bicycle for an American customer.
Then choose the customer. In this case, you pick an American customer. Later you might want to create several job task numbers to structure the project, but to begin you can create just one. Call it something like “project” and check that the type is set to Posting. You need a job task line of type Posting to post transactions to the job.
Where to set the invoicing currency code on a job
When you work with currency codes on jobs, the Foreign Trade tab is where you go. The field you focus on here is the Invoicing Currency Code. It has already been inherited from the customer card, so you usually don’t have to set it manually.
In this example, the invoicing currency code is US dollars. That means all invoices created for this job are handled in US dollars, which makes sense when you want to invoice a US customer in US dollars.
Fixed foreign currency and exchange rate handling
When it comes to exchange rate calculations, you choose between fixed foreign currency and fixed local currency. When you invoice in the customer’s currency, you often use fixed foreign currency.
With fixed foreign currency, the agreed amount in the foreign currency stays the same. If you agreed to invoice $1,000, the customer is still invoiced $1,000 even if you change planning line dates and other details.
Q&A
Can you invoice a job in a currency other than your local currency in Business Central?
Yes. You set the invoicing currency code on the job, so you can invoice a job in any currency you need, for example US dollars for an American customer.
Where do you set the invoicing currency code on a job?
You set it in the Invoicing Currency Code field on the Foreign Trade tab of the job card.
Does the invoicing currency code come from the customer?
Yes. When you select a customer on the job, the invoicing currency code is inherited from the customer card automatically.
What does fixed foreign currency mean for invoicing?
With fixed foreign currency, the agreed amount in the foreign currency stays fixed. If you agreed to invoice $1,000, the customer is still invoiced $1,000 even if you change planning line dates.
Why do you need a job task line of type Posting?
You need a job task line of type Posting to post transactions to the job.