Allowing Sales Team to Report Australian Deal Values in USD
Question
A Cloud Kicks sales team based in the U. S. wants to grow market share in Australia. The organization has multi-currency enabled and has added the Australian Dollar as an available currency.
How can the consultant allow the sales team to report on Australian deal values in USD?
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.B
To allow the sales team to report on Australian deal values in USD, the consultant can use different approaches. Let's examine each answer option in detail:
A. Use USD for Australia Opportunity currencies: This option suggests using USD as the currency for Australian opportunities. While it may allow reporting in USD, it is not the recommended approach because it doesn't accurately reflect the currency of the deals. It would be misleading to have Australian deals represented in USD instead of their actual currency.
B. Enable parenthetical currency conversion: This option refers to enabling parenthetical currency conversion. Parenthetical currency conversion is a feature in Salesforce that allows users to see converted currency values in reports and displays both the original currency and the converted currency in parentheses. This would enable the sales team to report on Australian deal values in USD while still maintaining the accuracy of the original currency. Enabling parenthetical currency conversion is a suitable solution in this scenario.
C. Set each sales user's default currency to the Australian Dollar: Setting each sales user's default currency to the Australian Dollar would not be the ideal approach. It would affect all the sales users and their records, forcing them to work with the Australian Dollar as their default currency. This would not provide accurate reporting on the original currency values for deals in other countries.
D. Create a formula field to perform a currency calculation on the Opportunity amount: Creating a formula field to perform a currency calculation on the Opportunity amount is another possible solution. By creating a formula field, the consultant can convert the Australian Dollar amounts into USD based on a specified exchange rate. This would allow the sales team to report on Australian deal values in USD. However, it would require maintenance and regular updates of the formula field to reflect current exchange rates.
Considering the options presented, the most suitable answer would be B. Enable parenthetical currency conversion. This option ensures that the sales team can report on Australian deal values in USD while maintaining the accuracy of the original currency. It provides a clear representation of both currencies in reports, making it easier for the team to analyze and understand the data.
