Accounts where some accounts are in one currency and other accounts are in another currency

Asked by James Wyson

Hi,

I'm trying a scenario where accounts are in different currencies for a single company object. Account A's amount should be expressed in USD while Account B's amount should be expressed in EUR. From my understanding, the currency of accounts is based on the company object which has a single default currency. So if the company object has EUR as its default currency, the currency of both accounts will be set to EUR. Is there a way to configure Account A and Account B with different currencies? Additionally, if the answer to the previous question is yes, is it possible to transfer amounts between the accounts using an account move found in entries encoding that will take into account the current rate of exchange? Given the scenario that the rate is 1 EUR = 1.3634 USD, Account B contains 1 EUR and Account A contains 0 USD, is it possible to use an account move to transfer the 1 EUR from Account B to Account A and get 1.3634 USD in Account A?

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Mantavya Gajjar (Open ERP) (mga) said :
#1

Hello,

I think in all countries, chart of accounting must be in the same currency. you may have the account in bak with different currency then the company currency, you can do that by creating a new Journal with different currency.

* Invoice with Multi Currency
and dealing with the multi currency invoice you can use the module `invoice_multi_currency` from trunk extra addons.

* Account with Multi Currency
you can create a new journal linkes to your required A Account and keep the journal with you required currency USD. and do the transaction in new journal it will be automatically encode in to the Account, with EUR->USD currency conversion. the transection which will be encode to the Account A it will be in EUR currency

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