Odoo 10 Implementation Cookbook

Forex bank account

In some countries, businesses can hold foreign currency in a bank by opening a foreign currency account. It is a special bank that operates for a foreign currency, that is, the company in the USA can open the bank account to hold the EUR currency.

Odoo can manage your bank account that holds the foreign currency in the bank. You can also make the transaction in the foreign currency to receive or send the money. Let's see how Odoo can help you to manage it.

Create a new Bank journal. Go to Configuration | Accounting | Journals in the Accounting application. Create a new bank journal. You will find the Currency field. Select the foreign currency you hold in the bank. In this case, it is EUR. Now, click on SAVE to save the ...