Odoo 10 Implementation Cookbook: Explore the capabilities of Odoo and discover all you need to implement it

Foreign exchange gain or loss

It is normal in business to receive more or less amount when you sell and receive payment in foreign currency. Such difference should be recorded under the special account called a foreign exchange gain or loss account that impacts the net loss or net profit.

We have already seen how foreign exchange gain or loss works. Make sure that you are continuously updating the exchange rates for the currency you are dealing with to compute the correct exchange difference.

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