Set up exchange rates
The video provides a guide on managing currencies in the Workfront financial tracking system. ​ It explains that the default currency is the U.S. dollar, but additional currencies can be set up globally or for individual projects and job roles.
The video emphasizes that the system does not provide current exchange rates, so users must source them externally. ​ Once set, the exchange rates become the default for projects or job roles but do not update automatically; users with appropriate permissions must update them manually. ​ After setting up currencies, users can create new projects and select from the available currency options, with the ability to customize exchange rates for individual projects. ​
Key takeaways
- Default Currency: The system’s default currency is the U.S. dollar, but this can be changed globally or for individual projects and job roles. ​
- Adding Currencies: Additional currencies can be set up along with their exchange rates in the setup area. ​
- Manual Exchange Rate Updates: The system does not provide current exchange rates; users must source them externally and manually input them. ​
- Project-Specific Customization: Exchange rates set in the setup area are used as defaults, but users can customize exchange rates for individual projects. ​
- Updates and Permissions: Changes in the setup area do not automatically update existing projects. Updating exchange rates for projects or job roles requires appropriate user permissions.