Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM | e-Commerce | Accounting | Inventory | PoS | Project management | MRP | etc.
We have a bank account in EUR and we use it for payments in EUR.
USD is the company currency.
That bank account is more like an e-wallet and has no expenses.
We top it up at a specific exchange rate.
When it is empty we top it up again at the specific date exchange rate and so on.
We have configured a journal (EUR) and an account (EUR) for this e-wallet.
For expenses out of this account, we add manual journal entries by (we are referencing the names of fields under "journal entry" form) adding the EUR amount of the expense under "Amount Currency" and defining the "Currency" as EUR.
We notice that there is no auto conversion from EUR to company currency. We define with - (minus) or no sign the credit entry and the debit lines, but in those lines the actual debit and credit amounts are not filled in (they remain zero in all lines)
Is this the correct way to handle the specific scenario?
Any real life feed will be highly appreciated.
Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!
About This Community
This platform is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.Register
Odoo Training Center
Access to our E-learning platform and experience all Odoo Apps through learning videos, exercises and Quizz.Test it now
|Asked: 11/19/16, 2:39 PM|
|Seen: 223 times|
|Last updated: 11/19/16, 8:33 PM|