Comment 2 for bug 514305

Well...
>>You honestly want a setup for all possible currencies?

Not exactly, it is normal, that company still uses one account with one currency stored inside. Personally I have several currencies in my personal account, this is only because I often shop online, and if somebody returns me a sum of money for not available goods, it is just stored as it is.

Nobody never ever makes the configuration for each possible currency, only those which are really used. Anyway it is common that invoice is being paid in the currency that it has been issued in. So if company issues currency in EUR, it is 99% chance, it will be paid in EUR. If company receives invoice in other currency, exchange is being done automatically on payment, so again no problem with that, because sum in statement would be in the currency that is being debited from your account - so you already have a setup and an account for that.

We have a customer (not for OpenERP services) that bills people for services directly. People tend not to be as precise as companies, and they have situations, when they occasionally receive money not in currency they expect. This happens mostly because somebody are in travel to some exotic country and pays his utility bill to homeland in the currency of the country they are at the moment. Still it happens not so often that you would expect to have 20 currency setup.

Also it is common, that for international trade people use big/strong currencies like EUR/USD/JPY etc. Usage of particular currency varies from one country to another.

Again not all possible currencies are being serviced by national banks, only those that the country has strong economic relations.

Moreover setup is not much more clumsy than that you would have with separate accounts. Difference is only in that you have to look for proper setup not only by account number, but account number and currency.

So if you would have for two currencies separate accounts, setup looks like:
34123412 EUR
78576587 USD

then we would make this:
34123412 EUR
34123412 USD

No difference at all, anyway you would have to make separate journal (of type cash) for each particular account and state the currency there, just as like as we would do.

This is simple as it seems, and it makes no overhead to accounting at all.