For more information, see Adding currencies, currency pairs and exchange rates and Contract line fields for lease accounting. |
For more information on commitments, see Accounting commitments. For more information on performing an impairment or a remeasurement, see Performing an impairment or an impairment reversal and Performing a remeasurement. |
For more information on postings, see Generating postings. |
Please note the following when working with functional currencies in Planon: • The functional currency/contract currency feature cannot be used in combination with: Budgets, Rentable units, Orders and Invoices. These TSIs only work with the system currency functionality. • Termination and renewal options can be linked to a single contract line, so that the execution amount / fine is applied to the linked contract line. • You can use functional currencies for operating leases for both IFRS 16 and ASC 842 standards as well as for short-term/low value leases. • Asset return postings using functional currencies is supported. |