Accounting · Odoo glossary
Multi-Currency
Multi-currency processing records transactions in currencies other than an entity’s accounting currency, while maintaining values in that accounting currency.
Definition
In general ERP practice
Multi-currency processing records transactions in currencies other than an entity’s accounting currency, while maintaining values in that accounting currency. Exchange-rate changes can create realized or unrealized differences.
In Odoo
Odoo supports foreign-currency invoices, bills, payments and bank journals, with configured currency rates. Reconciliation can generate exchange-difference entries; a foreign-currency transaction remains part of the company’s own accounting books.
Official Odoo documentation
The Odoo-specific explanation above is based on the documentation for Odoo 19. Features and workflows can differ in other versions.
Related glossary terms
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