Invoicing
Multi-currencies in Odoo
The multi-currency option in Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in different currencies. If you are enabling this option you will be able to conduct transactions other than your own currency. Using this option you can also set up bank accounts in other currencies and can conduct reports on your foreign currency activities
For enabling this option you should go to Invoicing -> Configuration -> Settings -> Currencies -> Multi currencies. Now you can enable the option of multi-currencies. The image of the window is given below.
Now you can access the multiple- currencies option from the invoicing module by taking the route Invoicing -> Configuration -> Accounting -> Currencies. The image of the currencies window is depicted below.
Using this window you can add more currencies by activating the other currencies option.
Exchange gain or loss journal.
This unique feature allows you to record the difference between the payment registration and the expected amount. That is if the instalment is paid two months after the receipt was issued, there might be the chances for the variations in the exchange scale. The variations will bring some misfortune or benefits that are recorded by Odoo.
The enabling of the multi- currencies option allows you to manage multiple currencies at the time of creating an invoice. Using this invoicing module, you can instantly generate Odoo invoices and can send them through email in just a few clicks. The flexible and user -friendly invoicing module helps businesses to track your sales and manage your finances.