Multi-Currency Management in Odoo 14 Website Community

An aspiring business organization Product’s/Service’s scope is not limited to the domestic market but extends to the international market also. And international transactions always involve currencies other than domestic ones. Such an organization's ERP software should have multi-currency support to keep the accounting as well as other related records intact. Odoo is a universal ERP package that accommodates the global as well as most of the domestic standards. In Odoo, the user can configure multiple currencies for the transaction, set its exchange rate, and assign different currencies for individual partners and books of accounts. Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than the default/domestic currency. It is a default feature in Odoo and the user just has to enable the option and configure the values. In this video, I will be explaining how to configure and use multiple currencies in Odoo.

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