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12 Answers
Open Alpha LLC
19/03/16 16.56

Thank you both first of all

In Odoo 9 it can be done in one step. The interface provides for that.

Not the case in Odoo 8.

It seams that the journals in Odoo 8.0 auto acquire the company's base currency, even no currency is set for the Journal (or the bank account).

So trying to go through supplier payments, defaults to an equal amount in whatever the base currency is, no matter what the currency of the invoice is. If the invoice is 100USD, and you try to pay that out, Odoo will try to pay out 100BaseCurrency.

Apparently it can be done through a different path.

If one goes via Suppliers --> Supplier payments, then a payment against any or all journal entries for a specific supplier can be registered.

For specific supplier invoice, select the appropriate line (remove the other lines), select full reconcile and the result will be Odoo to convert from the invoice's currency to the base currency (taking into consideration the exchange rates manually or automatically updated).

Hope we are correct and hope it helps



twanda AG, Ermin Trevisan
20/03/16 01.49

Yes, but if no currency is set, you can post entries in different currencies.

Open Alpha LLC
23/03/16 10.04

Hi Ermin, Apparently it can be done with v8 through a different path. Trying to just go through supplier payments, defaults to an equal amount in EUR no matter what the currency of the invoice is. But if one goes via Suppliers --> Supplier payments, then one can register a payment against any or all journal entries for a specific supplier. That way, the recorded amount for a specific bank account, will match the correct value in that account's currency. Anything we miss here? Appreciated Theo

Shivam D Sahu
23/01/19 08.25



The above link will help you how to automate your currency rate and how to use different Bank Journal to maintain your record. And following link help you how to use multi-currency in your system.




Ermin Trevisan

--Ermin Trevisan--
| 7 6 9
Walchwil, Switzerland
--Ermin Trevisan--

Ermin Trevisan
18/03/16 04.37

You will end up in the hell of mess if you refuse to use appropriate accounts and journals and try to fiddle around with exchange rate conversions. If you receive a bill in USD you have to pay it in USD (and not in converted EUR) and it has to be registered as such as long as there are no other agreements with your supplier. Please ask your accountant for a proper setup.

A simple hint to make your life easier: do not define a currency for your bank account or for the corresponding journal.

Open Alpha LLC
19/03/16 14.57

Thank you for your reply. Our concern is related to the fact that all currencies are paid out via our EUR account. We guess (combining what we read in the link provided bellow by Nilim) that not setting a currency for the bank account is part of the solution?

Open Alpha LLC
19/03/16 14.59

BTW No accountant involved yet. Believe it or not, no one felt brave enough to deal with a small company having a dominant currency other then USD. So the next question is, any link to provide "Accounting with Odoo for Dummies" style info? Thank you for your time.

twanda AG, Ermin Trevisan
20/03/16 01.51

You can delete the specific currency of a bank account or use a journal with no currency set. For Odoo accounting see https://www.odoo.com/documentation/user/9.0/accounting.html

twanda AG, Ermin Trevisan
20/03/16 01.55

The size of the company does not matter, you need somebody with serious accounting knowledge anyway, and you do obviously do not know enough about accounting in order to ensure proper multi-currency accounting even if Odoo helps a lot with automagic exchange difference posting when set up properly.

18/03/16 05.26


Refer to this link https://www.odoo.com/documentation/user/9.0/accounting/others/multicurrencies/how_it_works.html

Open Alpha LLC
19/03/16 14.56

Thank you very much. Useful. Though we will try it our selves, do you happen to know if this applies to v8 which is the version we are using?

22/03/16 00.48

Yes it applies to V8 even

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