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Cost and price currencies

on 8/10/16, 10:11 PM 751 views


I am trying to figure out how to work with multicurrency. Here is how we work in my company:

- Our accounting is in HKD.

- We buy and sell in various currencies.

- Each product has a unique buying price and selling price (no difference per customer)

Now here is our process today:

1- Buyer negotiate a price with supplier and we set a selling price accordingly. In the system, Buyer enters the buying price (and the currency associated) and the selling price (and the currency associated). Currencies could be different between buying and selling and are not always the same for each customer or supplier.

Eg: Item A is bought 80USD and sold 100EUR

2- Sales generates a sales order and the price is automatically fetched (100EUR). It is displayed in EUR on the order.

3- Sales generate purchase order (linked to the sale order previously generated) and the cost is automatically fetched (80USD). It is displayed in USD on the order.

With the current system, how can I achieve this without having to convert the costs/price to HKD and input it in the system manually? Do I need to develop an addon or is there a way to make it with the core features?

Thanks for your help !

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Asked: 8/10/16, 10:11 PM
Seen: 751 times
Last updated: 8/11/16, 4:00 AM