Demo video: Foreign Trade & Logistics Currency Rate
Problem
The Currency rate by bank module allows
setting Exchange rate types when declaring the bank rate. Rate Type includes Buy Rate, Sell Rate, Tax
Rate (also known as Transfer Rate) if you install the Foreign Trade, Logistics.
However, when creating the Import Customs Clearance Request (Customs Request), the system does not distinguish between Exchange Rate Types. It automatically takes the exchange rate generated at the earliest in the Request Date of the request.
This approach can lead to a difference in the value of goods, taxable value compared to the transfer payment value.
Solution
This module adheres to the configured Transfer Rate, thereby ensuring accurate currency conversions when creating the Clearance Request.
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword viin_foreign_trade_currency_rate.
- Press Install.
Instruction
Instruction video: Foreign Trade & Logistics Currency Rate
This module helps to apply the Transfer Rate when creating the Customs Clearance Request for both export and import transactions. In this article, we will show you how to use it when importing goods.
Setting up Foreign Exchange Rates
Navigate to Accounting > Configuration > Currencies, select the currency that the business needs to convert according to the exchange rate (For example, the enterprise is recording its accounting books in VND and needs to transact with a partner using the USD). Then press the Active button to activate the currency and make declare the bank rate (Buy rate, Sell rate, Daily transfer rate).
Setting Main Bank
Navigate to Settings > Accounting, find the Currencies area and select Main Bank which is the one that declared the foreign exchange rate above.
Create the Customs Clearance Request
Navigate to Foreign Trade > Customs Clearance Document > Import Customs Clearance Request, press Create to create Customs Clearance Request.
At this time, the Currency Rate of the request is Transfer Rate you set up earlier. In case you declare the transfer rate for many days, the system will take the transfer rate in the past day closest to the Request Date of the Customs Clearance Request.
This software and associated files (the "Software") may only be
used
(executed, modified, executed after modifications) if you have
purchased a
valid license from the authors, typically via Odoo Apps,
or if you
have
received a written agreement from the authors of the
Software (see the
COPYRIGHT file).
You may develop Odoo modules that use the Software as a library
(typically
by depending on it, importing it and using its
resources), but
without
copying any source code or material from the
Software. You may distribute
those modules under the license of your
choice, provided that this
license
is compatible with the terms of
the Odoo Proprietary License (For
example:
LGPL, MIT, or proprietary
licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell
copies of the
Software or modified copies of the Software.
Thông báo bản quyền và chấp thuận nêu trên buộc phải được bao gồm trong tất cả các bản sao hoặc các phần quan trọng của Phần mềm.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND,
EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND
NONINFRINGEMENT. IN NO EVENT
SHALL THE
AUTHORS OR COPYRIGHT HOLDERS
BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN
ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING
FROM, OUT OF OR IN
CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE
SOFTWARE.