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Agustín Domínguez
Today Clay accounts only in pesos. Companies that export, import, have bank accounts in dollars or report in dollars to their owners must convert them into payrolls by hand, and the exchange difference ends up recorded as a “Payment Difference”, mixed with other concepts.
The proposal is that the accounts remain in pesos, but that some accounts can be kept in dollars:
  • Dollar accounts:
    banks, cards, customers, suppliers, loans and advances can be marked in dollars. Each movement saves the amount in dollars and the exchange rate used (dollar observed by the Central Bank, editable by the accountant).
  • Exchange difference when paying:
    when reconciling the payment of an invoice in dollars, Clay automatically records the gain or loss due to the exchange difference in its own accounts.
  • Monthly closing adjustment:
    Clay proposes to revalue dollar balances to the dollar observed on the last day of the month, and the accountant confirms this before it is recorded.
  • View in dollars:
    the balance sheet and books can be converted to dollars, without creating entries, and exported in that currency.
  • Exchange difference report:
    per month and per account, separating differences when paying from closing adjustments.
Tax books (F29, purchase and sale books, remuneration) are still in pesos.
If this works for you, vote and tell us in the comments how you work with dollars today: what accounts you have in that currency and what reports you need to see in dollars.
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