Required Settings
Program Settings > Financial > A/R Charges
There are two exchange rate options for invoicing – select one.
Use rate in effect at the time of invoicing (Default-Dynamic)
For residents charged in a non-base currency, Orion translates all charges into the base currency at the point of invoicing, using the most recent exchange rate in the system. Amounts posted to the G/L for a resident fluctuate from month to month, even though the rent and charge rates remain the same.
Use rate in effect at time of booking (Static)
The exchange rate and the effective date of the exchange rate will be stored in Orion. The stored exchange rate will be used for translating all invoiced lines into the base currency in the G/L. Amounts posted to the G/L for a resident will NOT fluctuate and the rent and charge rate remains the same.