An aspiring business organization's Product’s/Service’s scope is not limited to the domestic market but extends to the international market also

1. www.cybrosys.com
Multi Currency Management
in Odoo 14 Website

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 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.

3. ❖ 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.

4. ❖ Go to Website -> Configuration-> Settings

5. ❖ Enable the Multi-Currencies options and click on ‘Currencies’.

6. ❖ Create new Currency

7. ❖ Fill the details-> Save

8. ❖ Then Click on ‘Rates’

9. ❖ Provide Rate for the currency -> Save

10. ❖ Create another currency with another unit -> Save

11. ❖ Then Go to Product -> Pricelists

12. ❖ Create new Pricelist

13. ❖ Set the currency -> Save

14. ❖ Create another pricelist with another currency-> Save

15. ❖ Then Go to Dashboard -> Go to Website -> Shop-> Select one Product

16. ❖ We can see the Pricelist and Price

17. ❖ When we change to another pricelist, we can see the difference in the currency and price.

18. For More
Details
Check our company website for related blogs and Odoo
book.
Odoo for Beginners - Odoo V14
How to Use Multi Websites in Odoo 14
Check our YouTube channel for functional and technical
videos in Odoo.
Multi Currency Management in Odoo 14 Website

20. Thank You