Dual currency and the BCV rate
Every entry in USD and in bolívares, with the day's BCV rate saved.
The problem: a rate that moves
Keeping books in two currencies means converting every transaction with a rate that changes often. When that rate is typed by hand into each entry, month-end fills up with corrections and cells nobody wants to review.
How we are building it
Every Spinelle entry records its amounts in USD and in bolivars, and saves the day’s BCV rate next to it. That way an entry can always be explained: which rate was used, on what date and what amount resulted.
The entry must balance, debit equal to credit, in both currencies.
What the pilot will define
Spinelle is in development. The harder cases of two-currency accounting are defined with the accountants in the pilot, not by assumption.
Frequently asked questions
Which rate does Spinelle save?
The day’s BCV rate, saved with every entry.
Does it balance in both currencies?
Yes: the entry must balance, debit equal to credit, in both USD and bolivars.
More about Spinelle
Complete accounting
Hierarchical chart of accounts, entries, general ledger and balance sheets.
Books and withholdings
Purchase and sales books, and VAT and income tax withholdings.
Files for SENIAT
We prepare the files for your VAT, income tax, IGTF and pension filings.
Deadline calendar
A calendar with alerts, in preparation.
Migrate without starting over
We're testing how to bring in your data from Saint and from an Excel template.