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Foreign Trade & Logistics Currency Rate

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Odoo

$ 216.09

v 15.0 Third Party 2
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Odoo Apps Dependencies • Invoicing (account)
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• Inventory (stock)
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Lines of code 4469
Technical Name viin_foreign_trade_currency_rate
LicenseOPL-1
Websitehttps://viindoo.com/apps/app/15.0/viin_foreign_trade_currency_rate
Versions 14.0 15.0 16.0 17.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
• Purchase (purchase)
• Inventory (stock)
Community Apps Dependencies
Lines of code 4469
Technical Name viin_foreign_trade_currency_rate
LicenseOPL-1
Websitehttps://viindoo.com/apps/app/15.0/viin_foreign_trade_currency_rate
Versions 14.0 15.0 16.0 17.0

Demo video: Foreign Trade & Logistics Currency Rate

Problem

The Currency rate by bank module allows setting Exchange rate types when declaring the bank rate. Rate Type includes Buy Rate, Sell Rate, Tax Rate (also known as Transfer Rate) if you install the Foreign Trade, Logistics.

However, when creating the Import Custom Clearance Request (Customs Request), the system does not distinguish between Exchange Rate Types. It automatically takes the exchange rate generated at the earliest in the Request Date of the request.

This approach can lead to a difference in the value of goods, taxable value compared to the transfer payment value.

Solution

This module adheres to the configured Transfer Rate, thereby ensuring accurate currency conversions when creating the Clearance Request.

Editions Supported

  1. Community Edition
  2. Enterprise Edition

Installation

  1. Navigate to Apps.
  2. Search with keyword viin_foreign_trade_currency_rate.
  3. Press Install.

Instruction

Instruction video: Foreign Trade & Logistics Currency Rate

This module helps to apply the Transfer Rate when creating the Customs Clearance Request for both export and import transactions. In this article, we will show you how to use it when importing goods.

Setting up Foreign Exchange Rates

Navigate to Accounting > Configuration > Currencies, select the currency that the business needs to convert according to the exchange rate (For example, the enterprise is recording its accounting books in VND and needs to transact with a partner using the USD). Then press the Active button to activate the currency and make declare the bank rate (Buy rate, Sell rate, Daily transfer rate).

Setting up Foreign Exchange Rates in Viindoo

Setting Main Bank

Navigate to Settings > Accounting, find the Currencies area and select Main Bank which is the one that declared the foreign exchange rate above.

Setting Main Bank

Import goods

Take steps to import products.

Import goods in Viindoo

Create the Customs Clearance Request

Navigate to Foreign Trade > Customs Clearance Document > Import Customs Clearance Request, press Create to create Customs Clearance Request.

Create the Customs Clearance Request in Viindoo

At this time, the Currency Rate of the request is Transfer Rate you set up earlier. In case you declare the transfer rate for many days, the system will take the transfer rate in the past day closest to the Request Date of the Customs Clearance Request.

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,
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