Community mailing list archives

community@mail.odoo.com

Re: Multicurrency Account

by
Narayana Moturi
- 09/18/2015 09:18:09
Hi Eric - How to achieve option 2 (Option 2: 1st payment in the invoice currency + one accounting entry to transfer from foreign currency to invoice currency + 2nd payment in invoice currency.) .

I have a supplier invoice in foreign currency(USD) and would like to pay using the payment voucher in company currency, I'd expect the difference between the invoice amount (in company currency) and the paid amount (company currency) should go to fx loss/gain account defined in company settings, however I don't see this happening unless I manually select the counterpart account in payment voucher

BTW, i am using V7.

Thanks,
Naran

On Fri, Sep 18, 2015 at 10:58 PM, Caudal Eric <caudaleric@gmail.com> wrote:
Technically, you can either chose one or 2+ accounts. I prefer to have separate accounts (one for reporting currency and one per foreign currency).
Option 1: 2 payment vouchers, one per currency (using separate currency/account in journal): in v8 a pain in the a$% because the amount is converted to currency in payment voucher.
Option 2: 1st payment in the invoice currency + one accounting entry to transfer from foreign currency to invoice currency + 2nd payment in invoice currency.
Option 3: direct accounting entry with all payments. less fancy but more flexible. You have to calculate all FOREX differences though.

On Fri, Sep 18, 2015 at 7:52 PM Mustafa Al Azaam <safi2266@gmail.com> wrote:

Greeting peoples
This is quick enquiry about multicurrency environment company, what is the best when dealing with partners paying invoices in two currency in same time.

Option1: make two accounts each one with its currency and reflect that on journals
Or
Option2: add second currency to e.g. cash account and create journal with this currency

TIA
SaFi

_______________________________________________
Mailing-List: https://www.odoo.com/groups/community-59
Post to: mailto:community@mail.odoo.com
Unsubscribe: https://www.odoo.com/groups?unsubscribe

--

Eric  Caudal (from my mobile)

_______________________________________________
Mailing-List: https://www.odoo.com/groups/community-59
Post to: mailto:community@mail.odoo.com
Unsubscribe: https://www.odoo.com/groups?unsubscribe