How Purchase Order in Foreign Currency Affecting Inventory Valuation in Odoo
Updated: Jul 11, 2021
Odoo Inventory valuation is always in the company currency, regardless of your purchase order currency. The reason being that Inventory valuation is part of the balance sheet (Asset), which must be in company currency.
Therefore, when the purchase order is in Foreign currency, eg, USD, then a conversion must be made to the stock journal to reflect the converted price in the company currency.
Upon the validation of the Receipt, then stock journal will be posted
The stock valuation will be generated in the company currency, after converted to the company currency MYR.
Click "Like" at the bottom of this blog, to motivate us to continue sharing more Odoo tips.