Consider an EU-based company who served clients worldwide. While their expenses are always in €, revenues might be in $, yen, GBP or other currencies.
The basic idea is enabling multiple currencies per project, initially with a manually configured conversion rate. Then, the conversion is done automatically.
Further options might be:
Setting default currencies for revenue/cost (e.g. project is configured in USD but the default for costs is GBP)
The platform could set the proper conversion rate based on the online data of the rate. For example, consider a USD project, on April 9th I report an income from April 4th in EUR, it will fetch the EUR/USD rate from April 4th and convert it automatically.
Enabling multiple currencies (so I can report expenses / revenues in different curtrencies, e.g. AWS costs in $ and GCP costs in €, and everything is eventually converted to the base project currency.
Tempo Products | Cost Tracker for Tempo Timesheets |
Tempo Platform | Cloud |