Multi-company and multi-currency consolidation (v11)

Question

My understanding is that the standard solution for consolidation in v11 is to select multiple companies in the Financial Reports (e.g. P&L).
This works well if they are all in the same base currency, but if not then the *current* exchange rate is used to convert to the base currency of the company (could be the parent but doesn't have to be).
This does not seem to be correct.  I believe that it should either use the actual rate at the time of the transaction or some other fixed rate (e.g. averag

Ray Carnes · Answer

The rate used is the rate on the day that the conversion takes place.  This means you are seeing unrealized gains or losses on your reports, always using the latest daily exchange rate.
If it used the rate of the date of the transaction, you would not see the potential value of assets as if you sold them "today".  If you want to see how much of the other currency you hold in your bank, switch to that company's currency.

Publications associées	Réponses	Vues
No Account Currency field in Chart of Accounts multicurrency accounts	1 juil. 17	6794
Setting Default Currency and Invoice Currency in Odoo: EURO for Company, RON for Invoices multicurrency invoice multicompany	2 mars 24	3551
Multi Currency Bank Accounts Opening Balances multicurrency accounts bank	0 sept. 21	4408
Timesheet entries with Multi company multicurrency timesheet multicompany	1 août 21	5331
Multi Company Websites- Currency error multicurrency multicompany multiwebsite	2 avr. 20	5112

Cette question a été signalée

Vous appréciez la discussion ? Ne vous contentez pas de lire, rejoignez-nous !