Currency Conversion Dates and Values in Dryrun

Currency conversion in Dryrun is provided as a courtesy to aid forecasting. Conversion rates are accessed from Xero or QBO conversion files on the day that the refresh is performed in Dryrun.

This has led to some confusion regarding when the Dryrun item in question is formally converted (that is, when the transaction is processed and posted to the bank accounts in question.)

Until the invoice or bill has resulted in transferred and converted funds, the currency conversion hasn’t actually been locked.

As the fluidity of conversions affects all transactions in Dryrun, it’s best to use the currency conversion feature as an estimate to aid forecasting, rather than an absolute value.

Fortunately, most currencies are stable enough that this estimated method results in reasonably precise forecasts, however you may wish to conservatively compute conversion as our accounting partners do not account for the banking fees associated with conversion.

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