Odoo 14 Community Edition

Multi currencies in Odoo

Multi-currencies are one of the eminent features in Odoo which allows you to send Sales invoices, quotes, and purchase orders or receive bills and payments in different currencies. By using this option you can conduct transactions other than your own currency. Moreover, you can set up bank accounts in other currencies and can conduct reports on your foreign currency activities.

To enable this option you can go to the Settings menu of the Invoicing module where you can view the option Multi-currencies option under the Currencies tab. The image of the window is depicted below.

Odoo 14 Invoicing Module

Now you are able to view the Multi-currencies option in the module. This can be accessed by going to Invoicing -> Configuration -> Accounting -> Currencies. The image of the Currencies window is depicted below.

Odoo 14 Invoicing Module

Exchange gain or loss

The Odoo platform permits you to record the difference between the payment registration and the expected amount. This means if the instalment is paid two months after the receipt was issued, there might be chances for variations in the exchange scale. This variation will bring some misfortune or benefits that are recorded by Odoo.

Odoo 14 Invoicing Module

The Invoicing module is one of the benevolent modules available in the Odoo community edition. Using this module, we can instantly generate invoices and can send them through email in just a few clicks. The convenient module provides an insight to track your sales activities and helps to manage your finance effortlessly.



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