Odoo Addons (MOVED TO GITHUB)

Secondary currency in account definition

Asked by TeMPO

When a company is defined in OpenERP there is a reference accounting currency defined (for ex EUR)
Alla ccount transcation are then entered in EUR
When using a price list in another currency then the entries are entered in both EUR and the other currency
But if I put a secondary currency on an account defintion then this account can only receive entries in the
reference currency and the secondary currency

Is that the normal behaviour ?

What is the use of the second currency field ?

regards

Maurice

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Numérigraphe (numerigraphe) said : 		#1

I suppose it's for whe you want to dedicate some accounts to transactions in foreign currencies.
Our company for example does the accounting in Euro but does a lot of purchases in USD, and so has a bank account in USD.
Lionel Sausin

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TeMPO (info-tempo-consulting) said : 		#2

Lionel

so far the only behaviour I could understand is what you are describing
If you put a secondary currency (ex:USD) then you can ONLY put entries in
EUR and USD on that account.
This is very restrictive and is not what is described in the help

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Numérigraphe (numerigraphe) said : 		#3

Maybe this should be filed as a bug and discussed on the accounting experts mailing-list then: either the doc or the implementation should be fixed.

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Ferdinand (office-chricar) said : 		#4

I think it is useful to be able to restrict the secondary currencies usable on one account

at years end it might be necessary to devaluete because of xchange rate changes.
it is easier if only ONE foreign currency is used per account

example
bank account in USD
you only want to allow USD moves on this account, even not the main currency.

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Claire (cjin) said : 		#5

Just wondering:

We have frequent transactions between bank accounts with different currencies. And every time, the exchange rate is different. How should we deal with this situation?

More detailed example:
Transaction 1:
Invoice to customer: USD$10
USD$ A/R account; USD$10

Transaction 2:
Customer paid invoice: USD$10 (USD$A/R)
EURO bank account received money: EUR = USD$10@exchange rate

Transaction 3:
Transfer certain amount of EUR100 from EUR bank account: EUR100
to USD bank account: USD = EUR100@ new exchange rate

Thanks

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Claire (cjin) said : 		#6

??any updates??

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