Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
Our parent company has historically engaged in currency hedging and currently holds a forward forex currency contract for all of our EURO transactions at a fixed rate of 1.05 Euros per US Dollar.
In configuring Odoo, is there a way to freeze the rates for a specific currency, so that every transaction is booked at this rate all year?
Our corporate accounting system was customized to do this, so I understand this may also be required if we were to use Odoo.
A simple approach that may work is to create an Automation Rule that intercepts the rates created by our Automatic Currency Rates feature.
Normally these rates are automatically updated (ie: daily) but a rule such as this can modify the updated rate to force it to be fixed:
You would then see that each daily rate ends up being stored at the fixed rate:
Although each transaction in Odoo uses the "latest" rate in the system, it will always be the same until you archive or edit the Automation Rule:
Be sure to set the domain properly on your rule to just act on the EUR rates.
Create an account today to enjoy exclusive features and engage with our awesome community!
Sign up| Related Posts | Replies | Views | Activity | |
|---|---|---|---|---|
|
0
Aug 23
|
2116 | ||
|
1
Jun 23
|
5908 | ||
|
0
May 23
|
2927 | ||
|
3
Oct 22
|
7319 | ||
|
0
Mar 15
|
4232 |
1. Use the live chat to ask your questions.
2. The operator answers within a few minutes.
