Availability |
Odoo Online
Odoo.sh
On Premise
|
Odoo Apps Dependencies |
•
Accounting and Finance (account_accountant)
• Discuss (mail) • Invoicing Management (account_invoicing) |
Lines of code | 552 |
Technical Name |
account_financial_reports_multicurrency |
License | OPL-1 |
Website | http://www.vauxoo.com |
Availability |
Odoo Online
Odoo.sh
On Premise
|
Odoo Apps Dependencies |
•
Accounting and Finance (account_accountant)
• Discuss (mail) • Invoicing Management (account_invoicing) |
Lines of code | 552 |
Technical Name |
account_financial_reports_multicurrency |
License | OPL-1 |
Website | http://www.vauxoo.com |

This module let you build the financial reports for your group of companies that operates in different currencies, preparing the consolidation of the statements of two or more companies based on the IFRS standard (www.ifrs.org/issued-standards/list-of-standards/ias-21-the-effects-of-changes-in-foreign-exchange-rates) that states:
For translation into the functional currency or into a presentation currency, the following procedures apply, except in limited circumstan.
- Assets and liabilities are translated at the exchange rate at the end of the period;
- Income and expenses are translated at exchange rates at the dates of the transactions; and
- Resulting exchange differences are recognised in other comprehensive income and reclassified to profit or loss on disposal of the related foreign operation.
Here we describe how you can configure your instance with an example. In this example we have two companies "Holding Company" and "Your Company", they operate in different functional currencies, EUR and USD respectively.
In "Your Company", the one with USD as functional currency, we have a ledger.
In "Holding Company", that is the Consolidating Company with EUR as functional currency, we have exchange rates for each currency.
For that we will create two new custom reports.
- Enable Multi-currency in your Odoo database at Accounting > Configuration > Settings.
- Activate technical options in Settings > Activate the developer mode to be able to create your custom report.
- Go to Accounting > Configuration > Financial Reports.
- Create a new Report and call it "My Receivables".
- Uncheck the option "Based on date ranges".
- Add a line to the report and call it Receivables, with next parameters:
- Formula: balance = sum.balance
- Domain: [('account_id', '=', '101200')]
- Level: 1

- Create a new Report and call it "My Incomes".
- Uncheck the option "Based on date ranges".
- Add a line to the report and call it Incomes, with next parameters:
- Formula: balance = sum.credit
- Domain: [('account_id', '=', '200000')]
- Level: 1

Refresh your browser to be sure the reports was created at the Accounting > Reporting menu.
The next steps are based on the example reports configured in the above section.
For assets:
- Go to Accounting > Reporting > My Receivables (or whatever name you used for your report)
- In the filter options select:
- Date: End of Last Quarter.
- Comparison: Previous Period and set the number of periods to 3.
For Incomes:
- Go to Accounting > Reporting > My Incomes (or whatever name you used for your report)
- In the filter options select:
- Date: Last Financial Year.
- Comparison: Previous Period and set the number of periods to 3.
If your user is in "Holding Company" as the current company, select in the filters both companies, else use just "Your Company" in the filter.
Following the IAS 21 the expected values for the reports in the presentation currency (EUR):
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Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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Any abuse of this reporting system will be penalizedThe module does not work
The module after getting installed gives the same numbers Odoo give. to translate the entities it uses the last update rate! We are trying to get support from the developers. We will update the review when we get support, but for now. I recommend against installing this product.
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