How to Manage Currencies in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition

Choosing to use the multi-currency option in Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than your own.

Users can configure multiple currencies for the transaction, set its exchange rate, and assign different currencies for individual partners and charts of accounts, run reports on their foreign currency activities. #odoo15videos

In the accounting module, Go to Configuration ‣ Settings and flag Allow multi-currencies, then click on Apply.

Exchange Rate Difference Journal: It records the differences in payment registration and the expected amount. If we receive payment against an invoice after a month of invoice creation, the exchange rate most probably will be changed.

This Rate Difference Journal is used to create journal entries of loss or profit caused by the difference in the currency exchange rate.

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Configure Currencies in odoo15
Multi Currency in odoo15