Multi-currency accounting in Odoo
Sell, buy and bank in shillings and foreign currencies, with exchange differences handled properly.
Common challenges
Rates typed by hand
Different people use different rates.
Exchange gains and losses
They are worked out late, if at all.
Reporting in one currency
Management wants one view across many currencies.
Foreign bank accounts
Reconciliation is awkward without proper support.
If you import, export or bank in more than one currency, exchange differences should be calculated by the system, not by a spreadsheet at month end.
What Odoo covers
- Several currencies on invoices and bills
- Exchange rate updates
- Exchange differences posted on payment
- Foreign-currency bank accounts
- Reports in your company currency
Frequently asked questions
Where do exchange rates come from?
You can enter them or load them from a source; we set up the approach that suits you.
Related pages
KRA eTIMS e-invoicing with Odoo
Issue invoices from Odoo that meet KRA e-invoicing requirements, where your business needs them.
Learn more PYKenya payroll in Odoo: PAYE, NSSF, SHIF and the housing levy
Run payroll with Kenya's statutory deductions configured, documented and easy to update.
Learn more VTVAT and withholding tax in Odoo
Set up VAT and withholding tax so invoices, bills and returns line up.
Learn moreReady to talk about Multi-currency accounting in Odoo?
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