hi Jacopo, please see my comments below....
On Mon, 2008-09-29 at 09:22 +0200, Jacopo Cappellato wrote: > Yes, > > I'd really suggest at least the following in order to make the process > more canonical: > > 1) the invoice should be created in the currency that the customer > expects, the same of the order This is required from a commercial point of view and that is how we do it here. > 2) after that an invoice is generated in one currency, don't convert it .... > 3) if the point #1 is not possible (why?) and the customer really > wants to see the invoice in a different currency, then you can provide > a PDF version of the invoice in a different currency; the conversion > is done on the fly (not stored in the db) for the report, but the > conversion rate is dated so that you will get the same numbers even if > the conversion rate changes over time Point #1 is fine and required. The Thai government however requires that all currency in the company is in the Thai currency also the foreign invoices. We also only book into the ledger if the payment is received so we do not have any ledger problems. > 4) if we receive a payment in a currency different from the one of the > invoice: I'll have to think more about the proper solution, but one > could be to convert the payment in the invoice currency and then apply > it to the invoice I cannot convert the payment because everything in the books should be in the Thai currency. > > Invoices are official documents, and I would be very surprised if > there are countries that require you to modify an invoice if you > receive a payment in a different currency: this could cause confusion > and, as Enrique suggested, GL issues and we should try to implement in > OFBiz the most standard processes, especially in areas like invoicing > and accounting. we actually do not change the invoice because it can still be printed in the foreign currency, we only change the internal representation.... let me also emphasize that this is a facility which is optional and does not have to be used..... Regards, Hans > > Jacopo > > On Sep 29, 2008, at 5:19 AM, Enrique Ruibal wrote: > > > > > Hello Hans, Jacopo > > > > I am not familiar with Ofbiz accounting rules yet, but from what I > > understood I would have to agree with Jacopo in that an invoice > > (document) > > shouldn't have to be converted to a different currency in order for a > > payment in that currency to be applied to. > > > > From previous knowledge I can tell you, it is a general practice in > > ERP > > systems that the base currency is pretty much tied to an initial > > setup or > > accounting schema, it doesn't depend on a specific party's currency or > > anything else, rather an accounting gain/loss transaction should be > > set up > > in order to keep track of such payments when the currencies are > > different > > from the original document. > > > > Regards, > > > > -Enrique Ruibal > > -- > > View this message in context: > > http://www.nabble.com/Re%3A-svn-commit%3A-r699817---in--ofbiz-trunk-applications-accounting%3A-config--script-org-ofbiz-accounting-invoice--servicedef--src-org-ofbiz-accounting-invoice--webapp-accounting-WEB-INF-actions-payment--webapp-accounting-payment--widget--tp19712499p19717891.html > > Sent from the OFBiz - Dev mailing list archive at Nabble.com. > > > -- Antwebsystems.com: Quality OFBiz services for competitive prices
