Multi-Currency and Automatic Exchange Difference
Trade in Northern Cyprus is multi-currency. Okkabaz keeps every current and finance account in its own currency, stores each movement with the company's local-currency equivalent, and automatically creates the exchange difference on transactions settled at a different rate. Current rates arrive automatically.
Multi-Currency
Currency per account
Every current/finance account is fixed to one currency; balances stay clean and never mix.
Local equivalent on every line
Every movement also stores the company's local-currency equivalent at the transaction-day rate; reports are two-column.
Automatic exchange difference
When a receivable is settled at a different rate, the exchange difference line is written by the system.
Current rates
Exchange rates update automatically on a regular basis; no entering rates by hand each morning.
Foreign-currency statement
A statement with original currency amount plus local-equivalent columns; reconciliation becomes clear.
Cross-currency payment
A collection from a sterling account into a TL register is possible; each leg in its own currency, with matching equivalents.
Concrete benefits that touch your daily work
This module doesn't just keep records; it speeds up your work and reduces errors.
- Manage sterling, euro and dollar accounts together with lira in a single ledger.
- Leave behind manual exchange-difference calculation and corrections.
- A truly multi-currency ledger for businesses that import/export.
- Current rates arrive automatically; the burden of entering rates lifts.
Multi-Currency
No. When a collection settles an invoice at a different rate, the system automatically creates the equivalent difference as an exchange difference line.
The amount is stored in the account's own currency. In addition, every movement is kept together with the company's local-currency equivalent (usually TL); so you can report both the foreign-currency and local balance.
Move your business accounting to Okkabaz today
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