Foreign Trade & Logistics Currency Rate

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Odoo

$ 196.16

v 16.0 Third Party 2
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Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
• Purchase (purchase)
• Inventory (stock)
Community Apps Dependencies
Lines of code 7332
Technical Name viin_foreign_trade_currency_rate
LicenseOPL-1
Websitehttps://viindoo.com/apps/app/16.0/viin_foreign_trade_currency_rate
Versions 15.0 16.0 14.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
• Purchase (purchase)
• Inventory (stock)
Community Apps Dependencies
Lines of code 7332
Technical Name viin_foreign_trade_currency_rate
LicenseOPL-1
Websitehttps://viindoo.com/apps/app/16.0/viin_foreign_trade_currency_rate
Versions 15.0 16.0 14.0

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 Custom 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

  1. Community Edition
  2. Enterprise Edition

Installation

  1. Navigate to Apps.
  2. Search with keyword viin_foreign_trade_currency_rate.
  3. Press Install.

Instruction

Instruction video: Foreign Trade & Logistics Currency Rate

This module helps to apply the Transfer Rate when creating the Custom 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 up Foreign Exchange Rates in Viindoo

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.

Setting Main Bank

Import goods

Take steps to import products.

Import goods in Viindoo

Create the Custom Clearance Request

Navigate to Foreign Trade > Custom Clearance Document > Import Custom Clearance Request, press Create to create Custom Clearance Request.

Create the Custom Clearance Request in Viindoo

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 Custom Clearance Request.

Odoo Proprietary License v1.0

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