Manual Currency Exchange rate for Sales Order/Customer Invoice/Vendor Bills/Purchase Orders/Payments

by
Odoo

36.36

v 13.0 Third Party 40
Live Preview
Required Apps Inventory (stock)
Invoicing (account)
Purchase (purchase)
Sales (sale_management)
Lines of code 433
Technical Name sr_manual_currency_exchange_rate
LicenseAGPL-3
Websitehttp://www.sitaramsolutions.in
Also available in version v 11.0 v 12.0
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Required Apps Inventory (stock)
Invoicing (account)
Purchase (purchase)
Sales (sale_management)
Lines of code 433
Technical Name sr_manual_currency_exchange_rate
LicenseAGPL-3
Websitehttp://www.sitaramsolutions.in
Also available in version v 11.0 v 12.0

Manual Currency Exchange Rate On Sales Order, Invoices, Purchase Orders and Payments.

Currency rate fluctuates every day. you can configure currency rate under accounting in odoo but its very difficult to change exchange rate on daily basis. Odoo does not provide you to change currency rate on sales order, Invoices, purchase orders and payments level. This module provide the facility where you can enter manual currency rate on sales order, invoices, purchase order and payment level. Based on that rate it will generate journal entry and calculate foreign exchange loss or gain.

Module Features
  • You can set currency rate on sales order/quotations level.
  • You can set currency rate on purchase order/request for quotations level.
  • You can set currency rate on customer invoice and vendor bills level.
  • You can set currency rate on payment level.
  • Based on that rate journal entry will generate.
  • Based on that rate foreign exchange gain and loss will be calculated.
  • 50 days free support.

Sales quotation To Customer Invoice (Sales Flow)

Create sales quotation. If quotations currency and company currency is different then you will see the option where you can enter exchange rate on quotations.

Currency rate will pass on customer invoice when you make customer invoice from that same sales order.

When you validate the customer invoice at that time it will create 1 journal entry based on manual currency exchange rate rather than odoo's default currency rate.

At the time of payment, you can also set currency rate.

Let's take an example

First partial payment: at the time of sales order and invoice order rate was 3. now, at the time of payment, if you enter rate 5 then payment journal entry will calculate based on 5.

This is a journal entry for first partial payment, you can see the amount currrency and calculated credit and debit amount based on new rate which we have entered at the time of payment.

second partial payment: at the time of second payment, if we enter currency rate 2 then payment journal will calculate based on 2.

This is a journal entry for second partial payment, you can see the amount currrency and calculated credit and debit amount based on new rate which we have entered at the time of payment.

Here, you can see the foreign exchange loss and gain journal

Request for quotation To Customer Invoice (Purchase Flow)

Create RFQ. If RFQ currency and company currency is different then you will see the option where you can enter exchange rate on quotations.

Currency rate will pass on Vendor bills when you make Vendor bills from that same purchase order.

When you validate the vendor bills at that time it will create 1 journal entry based on manual currency exchange rate rather than odoo's default currency rate.

At the time of payment, you can also set currency rate.

Let's take an example

First partial payment: at the time of RFQ and vendor bills rate was 5. now, at the time of payment, if you enter rate 8 then payment journal entry will calculate based on 8.

This is a journal entry for first partial payment, you can see the amount currrency and calculated credit and debit amount based on new rate which we have entered at the time of payment.

second partial payment: at the time of second payment, if we enter currency rate 3 then payment journal will calculate based on 3.

This is a journal entry for second partial payment, you can see the amount currrency and calculated credit and debit amount based on new rate which we have entered at the time of payment.

Here, you can see the foreign exchange loss and gain journal

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enterprise
by
islam
on 2/23/21, 1:36 AM

Addon worked on enterprise?

Re: enterprise
by
Chirag Patel
on 2/23/21, 2:10 AM Author

Hello Islam

Greetings from Sitaram Solutions,

First of all, thank you so much for showing interest in our addons. Yes, it will work on enterprise too.

Best Regards

Sitaram Solutions


Conversion Rate Input Query
by
Sohil Desai
on 12/25/20, 7:49 AM

I have a confusion entering conversion rate in this.
Case:
Base currency = INR
Invoice currency = USD
Exchange rate: 1 USD = 72.05 INR

So is it will be correct, if I select USD as a invoice currency and enter 72.05 as a exchange rate?

Re: Conversion Rate Input Query
by
Chirag Patel
on 12/27/20, 1:18 AM Author

Yes sir, could you please write an email to info@sitaramsolutions.in or you can drop a message on skype: contact.hiren1188 So our dedicated support team will give you a demo over any desk or zoom or google meet whatever you prefer.

Thank you for showing interest in our app.

Best Regards

Sitaram Solutions


Need to Understand how Rates needs to be entered
by
Sohil Desai
on 12/24/20, 2:09 AM

I wanted to understand how currency exchange rates needs to be entered here?

For eg. my company's base currency is INR and I am preparing invoice in USD so will I be able to enter the rate 75.01?

Also, I needs to enter these conversion rates on invoice.!

Is it possible to enter two different rates on same date?

Re: Need to Understand how Rates needs to be entered
by
Chirag Patel
on 12/24/20, 3:26 AM Author

Hello Sohil
Greetings from Sitaram Solutions,

Thank you so much for showing interest in our module. Yes, you can enter different rates while creating invoices in different currencies.

If you want a demo then you can write to us on

Email: info@sitaramsolutions.in

Skype: contact.hiren1188