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Accounting / Finance

Multi-Currency Payment & Reconciliation

Custom Odoo payment workflow supporting partial payments, exchange-rate differences, FX gain/loss, bank charges, and multi-company validation.

Odoo 14PythonAccountingMulti-CurrencyPostgreSQL

01 / Overview

The project context.

A custom Odoo Accounting workflow for vendor-bill payments where payment amounts, exchange rates, fees, and company-specific accounting rules require additional reconciliation handling.

Business problem

Standard payment workflows did not fully support payment differences, custom exchange rates, bank fees, open partial payments, and correct multi-company accounting treatment.

02 / Key requirements

What the workflow needed to handle.

  • 01Partial payment support
  • 02Keep Open versus Reconcile behavior
  • 03Custom exchange-rate handling
  • 04Automatic FX Gain / FX Loss calculation
  • 05Bank administration fee handling
  • 06Difference-account and multi-company validation
  • 07Balanced journal entries

03 / My role

Contribution to the customization

  • Analyzed payment and reconciliation requirements
  • Designed the customization flow for payment differences and exchange rates
  • Implemented backend business logic and accounting validation
  • Debugged reconciliation and multi-company accounting behavior
  • Performed validation and functional testing

04 / Solution

The Odoo approach

  • Extended the payment and reconciliation flow to support partial payments and distinct Keep Open versus Reconcile outcomes.
  • Applied custom exchange-rate logic alongside automatic FX gain/loss and bank-fee treatment.
  • Validated difference accounts and company ownership while keeping journal entries balanced.

05 / Technical implementation

Relevant technical areas.

account.payment.registeraccount.paymentaccount.movereconciliation logicjournal entriesOdoo ORMmulti-currencymulti-company

06 / Challenges

Technical considerations

  • Keeping journal entries balanced across payment, fee, and exchange-rate scenarios
  • Distinguishing payment-amount changes from exchange-rate changes
  • Calculating FX gain or loss consistently
  • Ensuring every account belongs to the correct company

07 / Result & impact

Qualitative outcomes

  • Automated accounting treatment for supported payment scenarios
  • Improved consistency in multi-currency reconciliation
  • Kept partial payments available for further processing

08 / Technologies & modules

Technology focus.

Odoo 14PythonAccountingMulti-CurrencyPostgreSQL
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