PSA | Manual Currency Conversion

Keka PSA now enables Manual Currency Conversion, allowing finance teams to define and lock exchange rates with effective dates for multi-currency projects. These fixed conversion factors are consistently applied across projects, dashboards, analytics, and financial reports.

This ensures predictable margins and eliminates discrepancies caused by fluctuating exchange rates.

What’s New?

Finance teams can now:

• Define custom conversion factors between client currency and base currency
• Set effective dates for historical accuracy
• Maintain multiple rate versions over time
• Apply consistent rates across revenue, cost, margin, and reporting calculations

What Is Manual Currency Conversion?

Manual Currency Conversion allows you to explicitly define conversion rates between a client’s currency and your organization’s base currency—rather than relying on real-time or automatic exchange rates.

Each conversion rate:

• Is defined per currency pair (e.g., USD → INR)
• Includes an effective date
• Supports multiple historical versions
• Applies automatically based on the transaction date

When Keka calculates revenue, cost, or margins, it uses the applicable conversion factor for that specific date.

Why This Matters

This feature helps finance and leadership teams:

• Ensure accurate revenue, cost, and margin calculations across currencies
• Apply correct historical rates to time entries, invoices, and project data
• Maintain consistent dashboards and analytics in one base currency
• Avoid volatility caused by fluctuating forex rates
• Maintain margin predictability across long-term client engagements

Read more ➜