Change currency and taxes in Odoo

Odoo 12 Community Tutorial

Freddy Czaja

After installing Odoo many default settings have to be changed. This includes the setting of the currency and the tax (VAT). This is very easy to do, as long as you have administrator rights.

Odoo CMS - a big picture

CHANGE CURRENCY

Go to "Odoo Invoicing > Configuration > Settings" and then in the new window to the areas Currencies. There you can choose between USD and EUR for standard currency. After that it will be saved.

Odoo CMS - a big picture

CHANGE TAXES

Go again to "Odoo Invoicing > Configuration > Settings" and then in the new window to the areas Taxes. In the overview you will see the already created tax rates. In the Odoo basic attitude for purchase and sales the taxes amount to 15%. To change the tax rate for Germany to 19%, click on an entry and change the tax code and the amount to 19%.


After saving, the new tax rate will be created and available under "Odoo Invoicing> Configuration> Accounting> Taxes". Two sales tax rates are now available (15% and 19%)

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About Freddy Czaja

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