Currencies in lease accounting contracts
Planon maintains a default system currency. For customers using a contract currency deviating from the system currency, amounts are calculated in the contract currency and converted to the functional currency.
On contract lines you can specify which currency is being used. Customers have two options:
• Contract currency = Functional currency
Calculations are straightforward, US contracts display amount in USD.
• Contract currency ≠ Functional currency
This use case will be further elaborated on subsequently.