Use Foreign currency in a Media job

JobBag supports the processing of media purchase orders, media supplier invoices, and client invoices in foreign currencies. The following is possible:

Divisions have their default system currency.
A client will be linked to a division and therefore client billing will be in the system currency.
Media plans are created in the system currency of the division.

How to use foreign currency in a media job?

Create Foreign Currency Media Supplier

Do this in the Address Book.

Note that the country of business determines the currency of the supplier.

Create Foreign Currency Client

Do this in the Address Book. Note that the country of business determines the currency of the client.

Create Foreign Currency Media plan

There are two parts in the media plan:

Cost - Supplier Section:

The system will default to the system currency for the supplier.
JobBag uses the currency set up for the supplier' s country of business as the default currency.
If your supplier requests for an invoice in a different currency - you can select another currency.
If you wish to change the exchange rate, you can select another rate from the drop down list.

Billing - Client Section:

Exchange Rate Margin %: use this option when you wish to add a safety margin against the foreign exchange movements.
If your client requests for an invoice in a different currency - you can select another currency.
If you wish to change the exchange rate, you can select another rate from the drop down list

Example 1:

Media plan where supplier's invoice is in pounds sterling and the client invoice is in Australian dollars.

Example 2:

Same media plan but the client is invoiced in NZ$.

When you click on the drop down icon in the top left hand corner - a second row appears. This second row shows the numbers in Australian Dollars which has been set up.