Adempiere ERP fully support the use of Multiple Currencies . Multi- Currency Capabilities include three aspects , namely : Multiple Currencies
• Multiple Transaction Currency ( currency other than the currency Accounting )
• Multiple currency Accounting in parallel ( eg UK company using GBP and EUR )
• Several reports of currency ( 1:1 conversion of a report )
Multi – Currency Conversion
You can define the type of multiple Conversion Rate . You may want to use the Corporate tariff rates or user-defined ( instead of using the Spot Rate ) for the purpose of planning . The default rate is the level of Spot Rate , which is in accordance with market rates .
To maintain the administration to a minimum conversion rate is to include a date ‘ Valid_From ‘ Which one is effective until a new record is inserted with a ‘ Valid From ‘ newer . The most recent date should always take precedence over a longer date .
Reciprocal tariff level is not automatically calculated , ie . USD : AUD exchange rate does not result in a conversion of CAD : USD . That is , a separate rate levels should be included .
( * USD = U.S. Dollar , USD = Indonesian Rupiah )
Multi Currency Transactions
Adempiere allows you to complete the transaction in any currency . You can maintain your invoice in EUR , your receipt in the GBP , your Bank Account in CHF and doing your accounting in USD .
The transaction currency is determined by the price list . Currency to a price List ( List Price ) is defined in the Price List window .
Multi Currency Accounting
The Multi – Currency Accounting transactions are the Advantages of Currency Exposure Its not realized ( Unrealized Gain currency ) eg between Invoice and Receipt . Another advantage is realized transactions ( Realize Gain )
Multi – Currency Process
Compiere is currently supporting Currency Converter . Currency conversions performed when a report requested in a different currency .
Thanks and Regards
Agung Budi Santosa
agung_bs@yahoo.com
Jakarta – Indonesia
Jul 3,2015
