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  • Chrome River Rapids: Using the Currency Converter

Chrome River Rapids: Using the Currency Converter

Friday, February 17, 2023

On a recent international trip, you took a train from the airport to the city center. The receipt for the ticket is in a foreign currency, and now you need to submit it for reimbursement. How do you get it reimbursed in US Dollars (USD)?

Chrome River has a useful conversion tool built into every expense tile which automatically calculates the amount due from a foreign currency to USD. Always use the built-in currency converter in these situations. Reports containing manual calculations will be returned, and you will be prompted to use Chrome River’s converter instead. The tool correctly calculates the amount due based on the date of your expense and the currency. Let’s look at how it works.

To use the built in currency conversion tool, enter the date the expense was incurred, then enter the total you spent in the foreign currency. Beside the Spent field, there is a box which will show “USD”. Select this box, and change it to the currency you paid in.

Currency denomination can be changed in the Spent field of the form

The expense field will update and reflect the foreign currency. A new field appears showing the amount you are owed in USD.

The FX field appears, showing the conversion from currency paid to USD.

After adding the expense to your report, Spent amount reflects the currency paid, and the Pay Me amount shows the amount due to you in USD.

Spent amount reflects the currency paid, and the Pay Me amount shows the amount due to you in USD

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