Bank Currency Rates - Purchase Stock
| Lines of Code | 37 |
| Technical name | to_bank_currency_rate_purchase_stock |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/15.0/to_bank_currency_rate_purchase_stock |
| Read description for | v 12.0 v 13.0 v 14.0 v 16.0 v 17.0 |
| Required Apps | Discuss (mail) Invoicing (account) Purchase (purchase) Inventory (stock) |
| Included Dependencies | Bank Currency Rates |
Demo video: Bank Currency Rates - Purchase Stock
Problem
Many businesses need to manually update the value of imported goods based on current foreign exchange rates.
Solution
This module automatically applies the bank foreign exchange rate for the stock receipts. In the stock receipt form, at the Journal Entries tab, the entry value is converted the company's currency based on the configured foreign exchange rate.
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword to_bank_currency_rate_purchase_stock.
- Press Install.
Instruction
Instruction video: Bank Currency Rates - Purchase Stock
Configure foreign exchange rate
- Activate the Multi-currencies feature.
- Add the foreign exchange selling rate that you want to use.
Create a purchase order
Create a purchase order for importation with the configured foreign exchange rate above.
Receive products and review generated journal entries
Receive the products of this purchase order. On the receipt, a smart button to see all the journal entries will be displayed.
Click on this journal entry to see its value is automatically converted to the company's currency based on the configured foreign exchange rate.
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