Currency Conversion Difference Move for Payment Transaction
by T.V.T Marine Automation (aka TVTMA) https://viindoo.com/intro/invoicing , Viindoo https://viindoo.com/intro/invoicing$ 63.67
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Community Apps Dependencies | Show |
| Lines of code | 3750 |
| Technical Name |
to_currency_conversion_diff |
| License | OPL-1 |
| Website | https://viindoo.com/intro/invoicing |
| Versions | 12.0 13.0 14.0 15.0 16.0 17.0 |
Demo video: Currency Conversion Difference Move for Payment Transaction Streamline your online payment workflows with the Currency Conversion Difference Move for Payments module. This module automates the management of currency discrepancies between payment transactions and corresponding payments, ensuring accurate and compliant accounting.
When customers make payments online or through a payment link, the system creates a payment transaction based on the payment provider selected by the customer. Upon successful payment, the system generates a payment record. However, scenarios may arise where the currency of the payment transaction differs from the payment's currency or even from the company's currency.
This module provides robust management of supported currencies and currency mappings for payment providers, ensuring seamless payment processing and accurate financial adjustments. Key features include the ability to define supported currencies, configure default conversion currencies, and validate currency mappings automatically.
Key Features
- Flexible Currency Mapping: Manage supported currencies for payment providers and specify default converted currencies for unsupported cases.
- Automatic Journal Entries for Currency Discrepancies: Automatically create journal entries to record currency conversion differences between payment transactions and payments. This ensures accurate financial adjustments for multi-currency setups.
Business Value
- Ensure accuracy in multi-currency transactions, reducing manual adjustments.
- Automate workflows to save time and minimize errors in financial reporting.
- Improve compliance with accounting standards for currency management.
- Provide clear and detailed reports on payment transaction discrepancies for better decision-making.
Who Should Use This Module?
This module is perfect for businesses using online payment methods, e-commerce platforms, or any organization handling cross-border payments. If your operations involve multiple currencies and payment providers, this module ensures accurate financial management and streamlined payment processes.
Editions Supported
- Community Edition
- Enterprise Edition
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.
Please log in to comment on this module