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currency rates not affecting transactions

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This question has been flagged
currencycurrencyrates
2 Odgovori
2312 Prikazi
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Saulius Sliackus

Hi all

I'm working on annual accounts in GBP and I have an issue with EUR transactions. I have multi currency enable and get rate updates since database was setup i.e.21/09/2024. But for bill I enter for 2023 there's 1:1 GBP:EUR rate, which is incorrect. How to enforce rate for ALL transactions retrospectively? 

Thank you.

Saulius


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Saulius Sliackus
Avtor

Hi Manisha,


Thank you for your response. Yes, I already found that, but the problem is that

I must go backwards and enter rates manually, which is absolute nonsense. OK if

company has few transactions, but for companies with intense turnover in few

currencies that means manually entering rates FOR EACH DAY. Now think a little

bit - XXI century, AI is automating scientific researches and you still have to

enter currency exchange rates manually. No, you can't import, because import

function is not implemented. You can't ask the program to check earliest

possible transaction and update rates since then. Program is absolutely capable

of that, but god know why it can't do this. And the same god knows why import is

not allowed as well. More to this, I've entered rates manually since the period

start, but it didn't affect bank transactions. It recalculated values of bills,

but on reconciliation I still get 1:1 GBP:EUR rate. For example, I enter the

deposit of 100 GBP in one account and the payment of 116 EUR in another and Odoo

adds 16 GBP's to Exchange loss account. I've filed the case with support to

resolve that.

I'm trying to be patient, but such behaviour of the program is not

acceptable. I'm trying to resolve various technical obstacles instead of

doing bookkeeping my bookkeeping job.



Thanks

Saulius

Avatar
Sunyah Faisal
Best Answer

Check out the module "currency rate" by intelliversal integrated solutions. 

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Manish Bohra
Best Answer

Hello Saulius,


I think in that case you need to review the currency exchange data. There you can review the currency exchange rates are define or not if it's not define in that case it's take 1:1.


Thanks,


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