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Setting Contract Currency Precision

Contract currency precision is the number of places after the decimal that are used for calculations involving currency values in a contract, its change orders and invoices. By default, this value is set to the currency precision of the contract currency, unless it is overridden by the document subtype used to create the contract. If you prefer, you can manually set a contract's currency precision to any value between 0 and 5. Any changes you make only apply to that contract and its related documents and do not affect the currency precision of the defined currency on which the contract currency is based.

Closed Amounts where contract currency precision rules apply

Proliance enforces contract currency precision rules on the following contract-related amounts:

Scheduled Amount	This Invoice Progress
Current Invoiced Amount	Retainage Summary Values
Stored Material Retainage	Amount Payable for Release Invoice
General Work Retainage	Progress This Invoice General Amount
Current Balance	Progress This Invoice General Sub Amount
Current Retainage	Progress This Invoice General Sub Material Amount
Current Work To Date	Progress This Invoice Stored Amount
Invoice Up To Amount	Progress This Invoice Total Amount
Retainage Release Amount	Retainage This Invoice General Amount
Invoice Amount	Retainage This Invoice Stored Amount
Expense Invoice Line Items

To set contract currency precision

Open the Contracts register.
Select the contract to open.
Click the Settings page and then expand the Currency and Taxes section.
Enter a Currency Precision between 0 and 5.
Click Save.

Proliance saves your contract currency precision selection. Any existing currency values for the contract and its related documents are adjusted appropriately.

Note:

After any line items have been added to a contract or any of its related documents, the contract currency precision can only be set to a higher value. If all line items are later removed, you can lower this value.
Quotes and instructions created from contracts will adopt the contract currency, but not the contract currency precision. Instead, the new document uses the currency precision of the defined currency on which the contract currency is based.