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Multi Currency Management in Odoo 13 Website

An aspiring business organization's Productu2019s/Serviceu2019s 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.

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Multi Currency Management in Odoo 13 Website

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  1. Multi Currency Management in Odoo 13 Website www.cybrosys.com

  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 Website > Configuration > Settings > Enable Multi Currencies > Save

  5. Click on 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 pricelist and set currency from products > Pricelists

  11. Create first price list and set currency > Save , Make it selectable under configuration

  12. Create second price list and set currency > Save , Make it selectable under configuration

  13. Goto website > Shop > Select one product >We can see active pricelist and price

  14. Change the pricelist and we can see the difference

  15. For More For More Details 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. Multi currency management in odoo13 website

  16. Thank You

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