Hi,

Managing a loan in a currency different from your company's base currency in Odoo requires careful configuration to ensure accurate accounting and currency conversion. First, ensure that the foreign currency is activated in your Odoo settings under Accounting > Configuration > Currencies. Then, create a bank journal specifically for the foreign currency loan account, setting the currency accordingly.

When recording the loan, use the foreign currency bank journal to create the journal entries, and Odoo will automatically handle the currency conversion based on the exchange rates defined in the system. Regularly update the exchange rates to reflect market fluctuations, and use Odoo's currency gain/loss functionality to account for any differences arising from currency conversions over time. This setup allows you to track the loan in its original currency while maintaining accurate financial reporting in your company's base currency.

Hope it helps

Menu: Invoicing → Configuration → Currencies. Enable required currency

Hello,

In Odoo 18, you can manage loans in a different currency by enabling the multi-currency feature. When creating a loan, select a currency other than the company's base currency. Odoo will automatically convert amounts using real-time exchange rates. This helps you record repayments, interests, and balances accurately in both currencies.

I hope this helps you manage your loans better in Odoo 18!