Use Foreign currency in a Media Job

JobBag supports the processing of media purchase orders, media supplier invoices, and client invoices in foreign currencies.

Foreign currency is set up by:

• Setting up the country the supplier or client is in
• Setting up the currency that applies to that country
• Input the country for the supplier or client in the Address book. The country of business determines the currency of the client or supplier
• When the supplier or client is used in a media plan, the corresponding currency will be used.

If your company has more than one division (in different countries using different currencies), each division can have their own default system currency.

Clients are billed in either the system currency (where the company is) or divisional currency (where the client is).

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 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 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.

Worked examples

• Ensure that the Supplier record in the Address Book has the Country filled as United Kingdom.
• Ensure that Pounds Sterling has been set up for the United Kingdom, and that exchange rate is updated for the date of invoice.
• Ensure that the Client record in the Address Book has the Country filled as Australia.
• When bookings for the Supplier are made, the currency in the Cost section will default to Pounds Sterling.
• Exchange rate used will be the day the booking was made.
• The Bill to Client field in the booking will default to the Client currency, Australian dollars.

• Ensure that the Supplier record in the Address Book has the Country filled as United Kingdom.
• Ensure that Pounds Sterling has been set up for the United Kingdom, and that the exchange rate is updated for the date of invoice.
• Ensure that the Client record in the Address Book has the Country filled as Australia.
• When bookings for the Supplier are made, the currency in the Cost section will default to Pounds Sterling.
• Exchange rate used will be the day the booking was made.
• The Bill to Client field in the booking will default to the Client currency, New Zealand dollars.
• 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.