Enforce Project Currency for Budgets

The Project Currency Override option allows you to select a budget currency different from the System/Base currency and Client currency, applicable to the given project.  When a Project Currency is selected, the Budget Billable and Cost Currency are set to the Project's Currency which is applied to the Billable, non-billable and Cost Budgets. The Currency cannot be modified from the Budget page.

This article covers how to enforce the Project Currency Override option for Budgets.

Note: Should you have an interest in using this Project Currency for Budgets feature for your respective organization, please inform your PSA Customer Success Manager or PSA Project Manager.

  1. From the Icon Bar click Setup .
  2. From the Navigation Menu click Work to expand the corresponding menu.
  3. From the menu click System.
  4. On the Work System page select the Enable Project Currency override option.
  5. Click the Information (i) tooltip to get a clear understanding of the differences between the Currency options, the details of which can be found in the Information below.
  6. From the Enforce currency for Budgets list box, select Project Currency. The available options are:
    1. Default Currency:
      • The Budget Billable Currency is set to the Project's Client Currency which is applied to the Billable Budget. The Currency cannot be modified from the Budget page.
      • The Budget Cost Currency is set to the Project's Base Currency by default which is applied to non-billable and Cost Budgets. The Currency can be modified from the Budget page.
    2. Project Currency
      • The Budget Billable and Cost Currency are set to the Project's Currency which is applied to the Billable, non-billable and Cost Budgets. The Currency cannot be modified from the Budget page.
    3. Base Currency
      • The Budget Billable and Cost Currency are set to the Base Currency which is applied to the Billable, non-billable and Cost Budgets. The Currency cannot be modified from the Budget page.
  7. Select the Enable Project Currency override option. For more refer to Enabling the Project Currency Override article.

  8. Click Save to apply your changes.
  9. Note the message bar informing you that the changes you have made will not be visible until your next login. This also applies to other users.

    View message bar

  10. View the Currency list box:
    1. Open an existing Project for which you wish to apply the Project Currency override.
    2. Navigate to the Options tab of Project Settings.
    3. From the Currency list box make the required selection.
    4. Click Save.
    5. Hover over the Planners tab to access the corresponding menu.
    6. From the available menu options select Budget.
    7. View the Cost Currency, Billable Currency, and the Budgets at the Project, Task, and Assignment levels, reflect the currency you selected.