Accounting software for Bureau De Change

QuickBooks SupportCategory: Sales, Installations & Software UpgradeAccounting software for Bureau De Change
3 Answers
Ndukwe Ukabi Staff answered 5 months ago

The business of Bureau de change requires you to treat your currencies as stock so that you can easily track sales and quantity available in your bank at every point in time.
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Ndukwe Ukabi Staff answered 5 months ago

Hi Henry, when you buy currencies and sell currencies, you treat the transactions as purchases and sales under “inventory”, this will help you track the quantity purchased at a transaction rate and how many you have sold too at your own exchange rate, the difference between your buying and selling rate multiplied by the quantity sold is your profit which is then reported in your profit or loss.
I hope this helps

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