Changing currency without setting prices for each currency

[Goosie]

We would like to have a more easily way to use multiple curencies.

This moment I understand we have to define prices for each currency we want to use while creating sales orders, otherwise we get a warning "Could not find a valid price".

My question is how we could just define only one currency and be able to choose the currency when we start making a sales order. The listbox is already there to choose the currency.

Just wonering why it's actually working like this. Why do we have to define the prices for each currency?

Anyway, any idea's how to work arround this?

Thanks in advance,

Goosie

[Jacques Le Roux]

 I suppose you want to enter only prices in one currency and expect the system to reckon prices in other currencies by itself.
Currently there is no mechanism to do that automatically for you. Hence you have to enter prices in each currencies you are dealing
with.
Note that if a such mechanism does not exist OOTB (it seems not too hard to implement) is maybe because you may not want to sell in
different currencies solely by converting prices from one currency to other. There are many reasons for this in real (production)
life.
However I guess that we could implement a such mechanism and use it or not, depending on a Store parameter...

Jacques

From: "Goosie" <[hidden email]>

>
>
> We would like to have a more easily way to use multiple curencies.
>
> This moment I understand we have to define prices for each currency we want
> to use while creating sales orders, otherwise we get a warning "Could not
> find a valid price".
>
> My question is how we could just define only one currency and be able to
> choose the currency when we start making a sales order. The listbox is
> already there to choose the currency.
>
> Just wonering why it's actually working like this. Why do we have to define
> the prices for each currency?
>
> Anyway, any idea's how to work arround this?
>
> Thanks in advance,
>
> Goosie
>
> --
> View this message in context:
> http://www.nabble.com/Changing-currenct-without-setting-prices-for-each-currency-tp14553006p14553006.html
> Sent from the OFBiz - User mailing list archive at Nabble.com.
>

[Goosie]

Thanks Jacques,

Just would know for sure this feature is not implemented in one way or an other. I have to figure out how it should work exactly.

We should work out of the default currency, in this case we use Euro.

I think actually only of the following steps:
- when the currency exchange rate will be changed, only all the sales prices of the products should be changed in the changed currency.
- when a price of a product in euro changed, the prices of the other currency of this product will be changed.

How much work will this be to get this done?

Goosie

[David E Jones]

On Jan 3, 2008, at 7:28 AM, Goosie wrote:

>
> Thanks Jacques,
>
> Just would know for sure this feature is not implemented in one way  
> or an
> other. I have to figure out how it should work exactly.
>
> We should work out of the default currency, in this case we use Euro.
>
> I think actually only of the following steps:
> - when the currency exchange rate will be changed, only all the  
> sales prices
> of the products should be changed in the changed currency.
> - when a price of a product in euro changed, the prices of the other
> currency of this product will be changed.
>
> How much work will this be to get this done?

It wouldn't require too much work to do this sort of thing, but it IS  
very risky from a business perspective so usually only larger  
organizations do it, and they usually update their currency conversion  
information (in the UomConversion entity in OFBiz) multiple times a  
day, or at least daily. When doing this they often also end up making  
adjustments after the fact in accounting to get everything to balance  
according to the actually exchange rate that their bank gave them for  
the foreign currency transactions.

It's a real mess and my guess is that if you're asking about this  
you're either just starting to explore OFBiz or you're working for a  
smaller company. If you are working for a smaller company my  
recommendation from a business perspective is: avoid it!

 From a technical/implementation perspective, it would not require  
much work as we already have data structures and low level services  
for this and it could be pretty easily added to the  
calculateProductPrice service (which is already currency aware, etc,  
etc).

-David