When the exchange rate moves, margins disappear in manual spreadsheets.
Accounting in Syrian Pounds and Dollars: Setting It Up in Your System
A practical article for business owners in Syria: the short answer first, then the detail.
ERP/CRM 4 min read
By Nour Aldein Tleti. Updated .
Accounting in Syrian Pounds and Dollars: Setting It Up in Your System?
To manage accounting in two currencies, choose a base reporting currency, record each invoice in its original currency with the agreed exchange rate on the transaction date, and apply a clear rule for revaluation and exchange differences. A good accounting system does this automatically instead of manual spreadsheets.
Core rules
- 01
A base reporting currency
The currency you actually measure profit in.
- 02
A documented exchange rate
One agreed source for rates.
- 03
Record in the original currency
Don’t convert manually before posting.
- 04
Exchange differences
A dedicated account for exchange gains and losses.
Read also
Frequently asked questions
Does Odoo support multi-currency?
Yes, with currencies, exchange rates and revaluation rules configured.
Keep exploring
- Accounting software for companies in SyriaWhen exchange rates move every week, accounting in a spreadsheet stops being accounting.
- Odoo ERP implementation in SyriaOdoo can run almost any company. Configured badly, it runs none of them.
- Dr. Alaa Khoury: financial systems and Odoo accounting consultantPhD-level expertise in economics, banking and accounting. Financial analyst. Business and financial systems specialist.
- Odoo or Local Accounting Software?The short answer first, then a comparison to help you decide.
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