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HR Payroll Accounting Multi Currency

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Required Apps Discuss (mail)
Employee Contracts (hr_contract)
Time Off (hr_holidays)
Employees (hr)
Calendar (calendar)
Invoicing (account)
Community Apps Dependencies om_hr_payroll
om_hr_payroll_account
Technical Name hr_payroll_multi_currency
License OPL-1
Also available in version 17.0 16.0
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Technical Name hr_payroll_multi_currency
License OPL-1
Also available in version v 17.0 v 16.0

Introduction

Navigate the complexities of international payroll with the Multi-Currency Payroll Accounting module for Odoo. This powerful tool is expertly designed for businesses with a global workforce, allowing you to manage employee compensation in various currencies effortlessly. By integrating multi-currency capabilities directly into the Odoo Payroll and Accounting applications, this module eliminates the manual calculations and potential errors associated with paying employees in currencies different from your company's base currency. From contracts to payslips and journal entries, every step is streamlined, ensuring your international payroll is accurate, compliant, and efficient.

Key Features

  • Multi-Currency Employee Contracts: Set up and manage employee contracts with wages defined in any active currency.

  • Automated Payslip Generation: Generate employee payslips in the currency specified in their contract, with all calculations handled automatically.

  • Accurate Accounting Integration: Journal entries for payslips are automatically posted with the correct currency and conversion rates, ensuring financial accuracy.

  • Currency on Payslip Reports: Both payslip and payslip details reports are enhanced to display amounts in the employee's contract currency.

  • Salary Attachment Conversion: Automatically converts the value of salary attachments from the company's currency to the payslip's currency.

  • Seamless Workflow: Fully integrated with Odoo's core HR, Payroll, and Accounting modules for a unified and consistent user experience.

Benefits

  • Simplified Global Payroll: Effortlessly manage payroll for a diverse and international team without the hassle of manual currency conversions.

  • Enhanced Financial Accuracy: Eliminate the risk of errors in your accounting records with automated, currency-aware journal entries.

  • Improved Employee Satisfaction: Pay your international employees accurately and transparently in their designated currency.

  • Streamlined Reconciliation: Simplify your accounting processes with consistent and accurate multi-currency data across all related documents.

  • Greater Flexibility: Easily accommodate various compensation structures for international hires, expatriates, and remote workers.

  • Increased HR Efficiency: Reduce the administrative burden on your HR and finance teams, freeing them to focus on more strategic initiatives.

  • Global Business Ready: A must-have tool for any Odoo-powered company expanding its operations and workforce across borders.

Compatibility & Technical Details

  • Required Modules: Payroll (hr_payroll), Invoicing (account), Employee Contracts (hr_contract), Employees (hr), Accounting (account_accountant), Discuss (mail).

  • License: OPL-1

  • Technical Name: hr_payroll_multi_currency

Installation:

  1. Download the module file.

  2. Place the module folder into your Odoo addons directory.

  3. Restart the Odoo server.

  4. Navigate to the 'Apps' menu, activate developer mode, and click 'Update Apps List'.

  5. Search for "Payroll Accounting Multi Currency" and click 'Install'.

Odoo Proprietary License v1.0
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.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

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.