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How to Manage Currencies
in Odoo13
INTRODUCTION
 An aspiring business organization's Product’s/Service’s scope is not limited to
the domestic market but extends to the international market also.
 And international transactions always involve the currencies other than the
domestic one.
 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
book 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.
Goto Accounting > Configuration > Settings > Enable Multi Currencies > Save
Then Goto > Configuration > Currencies
For create > Click Create button
For create > Click Create button.For set rate for the currency > Click Rates smart
button
Provide rate for the currency > Save.
To set currency for an account : Goto > Configuration > Chart of Accounts
Create CoA and set currency for account > Save
To set currency for a journal : Goto > Configuration > Journals
Create/Select journals and set currency > Save
For More
Details
Check our company website for related blogs and Odoo
book.
Odoo Multi-currency
Check our YouTube channel for functional and technical
videos in Odoo.
How to manage currencies in odoo 13?
Thank You

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How to Manage Currencies in Odoo 13

  • 1. www.cybrosys.com How to Manage Currencies in Odoo13
  • 2. INTRODUCTION  An aspiring business organization's Product’s/Service’s scope is not limited to the domestic market but extends to the international market also.  And international transactions always involve the currencies other than the domestic one.  Such an organization's ERP software should have multi-currency support to keep the accounting as well as other related records intact.
  • 3.  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 book 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.
  • 4. Goto Accounting > Configuration > Settings > Enable Multi Currencies > Save
  • 5. Then Goto > Configuration > Currencies
  • 6. For create > Click Create button
  • 7. For create > Click Create button.For set rate for the currency > Click Rates smart button
  • 8. Provide rate for the currency > Save.
  • 9. To set currency for an account : Goto > Configuration > Chart of Accounts
  • 10. Create CoA and set currency for account > Save
  • 11. To set currency for a journal : Goto > Configuration > Journals
  • 12. Create/Select journals and set currency > Save
  • 13. For More Details Check our company website for related blogs and Odoo book. Odoo Multi-currency Check our YouTube channel for functional and technical videos in Odoo. How to manage currencies in odoo 13?
  • 14.