Multi-Currency Support (All Integrations)

Martus includes support for multiple currencies for both actuals and budgets. Martus also allows you to view actuals and budget in local currency or consolidated into a single currency.

Actual and budget amounts within Martus are nominal (not formatted for any specific currency). Each location or entity can view their actuals and do their budgeting in their local currency. Currency format is identified at the client level (along with the date format).

Additional multi-currency features are provided as part of the optional Multi-Currency module (available at an additional cost to customers with a minimum of the Plus subscription). 

These include:

• Specify the dimension to which “currency” is related. For Sage Intacct integrations, this must be Location. For all other integrations, this can be any sheet dimension. This is configured at the client level by Martus Support.
• Define the currency to be used for each dimension value (i.e., location). For Sage Intacct integrations, this information is pulled from Sage Intacct via the API. For all other integrations, this is defined manually on the Setup > Currency screen.

• Exchange rates are synced into Martus each night. You can, however, set a custom exchange rate for any or all currencies on the Setup > Currency screen.

• Convert a budget that contains multiple local currencies to a designated consolidated currency. To do this, navigate to the Budget Management tab in Planner > Planner Setup, select a specific budget, then use the Create Consolidated option on the Activity Menu.
  
  When you click to Create Consolidated, a background job is queued. You will receive an email message when the budget has been created. If the process encounters any errors, they will be noted in the email. Contact Martus Support for assistance if you do not know how to correct the error or have any questions.

For customers with Sage Intacct integrations who have a consolidated book, you can upload the consolidated budget to Sage Intacct for reporting against the consolidated book. 

You may also wish to have a separate, second instance of Martus for your consolidated actuals; if so, you would export the consolidated budget from the primary Martus instance and import it into your consolidated (second) instance for reporting purposes.