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Event Odoo Experience 2020 starts on September 30, 2020 at 2:00:00 PM +0200
A Geometric approach to multi-currency reconciliation
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Location: Studio6 - 9/30/20, 2:30 PM - 9/30/20, 3:00 PM (CDT) (30 minutes)
A Geometric approach to multi-currency reconciliation
Humberto Arocha Development Manager  at Vauxoo S.A. de C.V.

Humberto José Arocha is mechanical engineer by profession but an expert in accounting, finances, and taxes applied to Odoo by choice.

This presentation will cover a new proposal for multi-currency reconciliation to try to achieve symmetry by applying a geometric representation of the journal items. Thus fulfilling IAS21 and getting proper reports for aging payables and receivables and match devalues for invoices and financial statements.

Quiz

When are Foreign Exchange Journal Entries are created in the Geometrical Approach?
When a new currency is introduced When an Invoice is validated When there is a reconciliation
Which approach (Analytical or Geometrical) allows you to compare the same values for Aged Reports / Balance Sheet vs Invoice Reports?
The Geometric Approach The Reconciliation Approach The Standard Accounting Practices Approach
What is the purpose of the Full Reconciliation in the Geometrical Approach?
Stitch together all of the Partial Reconciliations Create foreign vendor bills Exchange currencies
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