ITILITE allows administrators to set per diem rates in various currencies, providing flexibility for global travel and expense management. This guide will walk you through configuring per diem rates with your desired currency.
Table of Contents
Step-by-Step Guide
Follow these steps to set up per diem rates with specific currencies:
- From your Expense dashboard, navigate to the Per Diem settings. In the sidebar, select Organization > Settings > Expense > Per Diem.
- In the Per Diem section, click the Add Rate button to create a new per diem rate configuration.
- On the Per Diem Rate Configuration form, locate the Per diem rate field. Next to this field, you will find a currency dropdown menu. By default, the system will display your company's home currency. Click the dropdown to select the desired currency for this specific per diem rate.
- After entering all other required details for the per diem rate and selecting the currency, click Save to apply your changes.
Pro-Tips & Guardrails
NOTE: While the system defaults to your company's home currency, you have the flexibility to select any supported currency from the dropdown when configuring or editing a per diem rate.
PRO-TIP: When employees file per diem expenses, the system will automatically use the configured rate and currency. Any necessary currency conversions for reporting or payout are handled by your company's broader expense and finance configuration within ITILITE.
Verification & FAQs
After saving, you can verify the new per diem rate and its associated currency by reviewing the list of configured rates in the Per Diem settings.
A: By default, the system sets the per diem rate in your company’s home currency. You can change this using the currency dropdown during configuration.
Q: Can I change the currency of an existing per diem rate?
A: Yes, you can edit an existing per diem rate and update its currency through the same configuration form.
Q: How are currency conversions handled for per diem expenses?
A: The per diem amount is calculated and displayed in the currency defined for that rate. Any subsequent currency conversion for reporting, payout, or accounting is managed by your company's overall expense and finance configuration in ITILITE.
Q: Can I set different currencies for per diem rates for different locations?
A: Yes, you can configure multiple per diem rates, each with its own currency, to apply to different locations or employee groups as needed.
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