Description
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 CBMS ODOO but its very difficult to change exchange rate
on daily basis. CBMS 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 CBMS 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 CBMS 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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