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Contract currency -- Employee salary in a foreign currency?

By
Doug Ricket
on 7/25/13, 4:56 PM 1,835 views

We have foreign employees with contracts in their home currency (CNY). I created a contract with a Salary Journal and Salary Rules all pointing to CNY accounts. However, when I create a pay slip, the accounting entry generated appears to put the salary from the contract in my home currency (USD), and then multiplyies it by the exchange rate into the secondary currency.

Maybe I've misunderstood OpenERP's support for multi-currency -- it looks like the accounts are actually in USD, but "secondary currency" on the account settings is only partially supported for transactions -- is that right?

0
Ravi Kumar Vetrivel
On 2/21/18, 2:14 PM

The contract screen in Odoo does not allow you to define salary in any other currency. The best option will be to customise the contract screen and the account posting process during payslip confirmation so that the journal entry passes a multi-currency JV with the contract currency & a correct conversion to base currency.

We have done the same for one of our multi national client in Kenya whose base currency is in USD and they have to maintain their payroll in local Kenyan shillings.


0
Hasan Baidoun
On 1/3/16, 7:54 AM

Payroll is a special case, where native HR modules don't have Mutli-currency Contracts Support. You will need to support this functionality with a customization.


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Asked: 7/25/13, 4:56 PM
Seen: 1835 times
Last updated: 2/21/18, 2:14 PM