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How do multicurrency works with accountancy?

on 4/10/13, 4:59 PM 2,162 views

Hi, I have really big doubt, I have MXN as my base currency, I sometimes make transaction in USD and EUR, USD invoices are paid with a usd bank account, how does it reflexes in module account.account in MXN or USD??

another thing is that I pay the EUR invoices with any MXN or USD and I noticed that on Suppliers Payments form there is a field that says "Exchange Rate", if i change the currency the exchange rate stays the same, do I have to write the rate of the transaction? for examaple a EUR invoice of X pay with MXN so what to do in taht case?

Hope someone can help

Thanks in advance


Kevin McMenamin

--Kevin McMenamin--

| 5 2 6
Auckland, New Zealand
--Kevin McMenamin--

Kevin McMenamin
On 4/10/13, 10:58 PM

If you company currency is MXD, then when you process a sale/purchase you can do so in a foreign currency - openerp will store both the local and overseas values for those transactions. Same as when you make a payment from a USD account, you will need to specify how much USD you are paying vs local currency. I suggest you test vigorously to make sure that you get the expected results

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Asked: 4/10/13, 4:59 PM
Seen: 2162 times
Last updated: 3/16/15, 8:10 AM