{"id":25433,"date":"2025-08-02T05:29:35","date_gmt":"2025-08-02T05:29:35","guid":{"rendered":"https:\/\/tenthplanet.in\/odoo\/uncategorized\/currency-intro\/"},"modified":"2026-02-18T12:22:40","modified_gmt":"2026-02-18T12:22:40","slug":"currency-intro","status":"publish","type":"post","link":"https:\/\/tenthplanet.in\/odoo\/bharath-india\/currency-intro\/","title":{"rendered":"Currency Intro"},"content":{"rendered":"<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_38494\"  width=\"800\" height=\"450\"  data-origwidth=\"800\" data-origheight=\"450\"  data-relstop=\"1\" src=\"https:\/\/www.youtube.com\/embed\/7BGeSx6UVj0?enablejsapi=1&autoplay=0&cc_load_policy=0&cc_lang_pref=&iv_load_policy=1&loop=0&rel=0&fs=1&playsinline=0&autohide=2&theme=dark&color=red&controls=1&disablekb=0&\" class=\"__youtube_prefs__  no-lazyload\" title=\"YouTube player\"  allow=\"fullscreen; accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n\n\n<p><\/p>\n\n\n\n<p>This video provides a detailed walkthrough of the <strong>Currency<\/strong> and <strong>Multi-Currency<\/strong> settings in <strong>Odoo18<\/strong>, demonstrating how to activate foreign currencies, update exchange rates, and manage international transactions with precision.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Activating Multi-Currency:<\/strong> The video begins by showing how to enable the <strong>Multi-Currency<\/strong> feature in the <strong>Accounting Settings<\/strong>. This is a prerequisite for businesses operating in global markets.<\/li>\n\n\n\n<li><strong>Currency Selection:<\/strong> The narrator demonstrates how to navigate to the <strong>Currencies<\/strong> menu to activate specific international currencies (e.g., USD, EUR, INR). You can search for any global currency and toggle it on as &#8220;Active.&#8221;<\/li>\n\n\n\n<li><strong>Setting the Main Currency:<\/strong> A key step shown is identifying the <strong>Main Currency<\/strong> of the company. This serves as the base for all exchange rate calculations and financial reporting.<\/li>\n\n\n\n<li><strong>Updating Exchange Rates:<\/strong> The video explains two ways to manage rates: <strong>Manual entry<\/strong> for specific dates or setting up <strong>Automatic Updates<\/strong> via synchronization with services like the European Central Bank or Oanda.<\/li>\n\n\n\n<li><strong>Currency Symbol and Positioning:<\/strong> The narrator highlights the ability to customize how a currency appears on documents, including the <strong>Currency Symbol<\/strong> (e.g., $) and its <strong>Position<\/strong> (Before or After the amount).<\/li>\n\n\n\n<li><strong>Multi-Currency Transactions:<\/strong> The demonstration shows creating a <strong>Sales Order<\/strong> or <strong>Invoice<\/strong> in a foreign currency. Odoo automatically calculates the local currency equivalent based on the latest exchange rate.<\/li>\n\n\n\n<li><strong>Exchange Difference Journal:<\/strong> The process concludes by explaining how Odoo handles <strong>Exchange Gains and Losses<\/strong>. When payments are made at a different rate than the invoice, the system automatically posts the difference to a dedicated account.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This video provides a detailed walkthrough of the Currency and Multi-Currency settings in Odoo18, demonstrating how to activate foreign currencies, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[355],"tags":[],"class_list":["post-25433","post","type-post","status-publish","format-standard","hentry","category-bharath-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/25433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/comments?post=25433"}],"version-history":[{"count":0,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/25433\/revisions"}],"wp:attachment":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/media?parent=25433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/categories?post=25433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/tags?post=25433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}