In ERP5 you can invoice in foreign currency (learn How to invoice in foreign currency). To do your accounting in one currency, you chosen the reference currency (learn How to set accounting reference currency) and you have to configure exchange Rates.

Table of Contents

• Steps
• Related Articles

Steps¶

The objective is to set up the Exchange rate in the Currency record.

Illustration will be given with converting USD in EUR.

The procedure goes as follow :

1. Go to the Currencies Module
2. Select the currency for which you want to configure change rate (In our case, USD)
3. Click on "Action..." >> "Add Currency Exchange Line"
4. Fill in the fields :
   • Title: Can be "USD to EUR"
   • Reference Currency: Currency in which you want to change the current currency. Here it will be EUR
   • Organisation: The Organisation that offer the Currency Exchange Rate (can be left blank)
   • Current currency * Exchange rate = Reference Currency (USD * Exchange Rate = EUR)
   • Validity Beginning Date and End Date (/!\ Please notice that you can precise hours. Invoices dating precision is only one day, so they are considered to be done at 00:00. If you set an Exchange rate beginning at 12:00, you won't be able to use it on Invoices dated from the beginning date.)
   
5. Save the data
6. Click on "Action...">> "Validate"

You are now able to convert Invoices that have been done in foreign country

Related Articles¶

• OSOE Accounting for Mathematician
• HowTo | Access Invoice List
• HowTo | Add Currencies in ERP5
• HowTo | Apply Tax Depending On Product
• HowTo | Avoid Missing Related Invoices
• HowTo | Change Workflow State Of Multiple Documents
• HowTo | Close Accounting Period
• HowTo | Configure Currency Exchange Rate
• HowTo | Configure Currency Precision
• HowTo | Convert Currency To Default Currency
• HowTo | Create Accounting Account
• HowTo | Create Accounting Inventory
• HowTo | Create Accounting Transaction
• HowTo | Create And Apply Payment Conditions
• HowTo | Create And Apply Taxes
• HowTo | Entering Accounting Transactions
• HowTo | Create Cash Register Account
• HowTo | Customize Accounting Financial Section
• HowTo | Delete Accounting Transaction
• HowTo | Display Custom Logo On Print Outs
• HowTo | Enter Payments
• HowTo | Export Stock Report
• HowTo | Generate Account Statement
• HowTo | Import Data to ERP5
• HowTo | Invoice in Foreign Currencies
• HowTo | Manage Accounting Periods
• HowTo | Prepare Spreadsheet For Importing Accounts
• HowTo | Print Invoice
• HowTo | Select Accounting Account Type
• HowTo | Set Default Accounting Currency
• HowTo | Use Accounting Reports
• HowTo | Work With Accounting Transactions