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by kowdermeister 2897 days ago
Thanks for taking the time to answer, but I don't get why should I opt-in to double entry bookkeeping. For someone who wants to build a side-project this is the last thing I want to think about.

Also, if you track sales in euros and dollars, then how do you track the changes in the exchange ratios?

What about rest? What happens to the data you aggregate? It just sounds like more work for me to make it available to my accountant.

1 comments

Oh! I see, I apologise, I may have misinterpreted your question. Amatino would be applicable to someone who is building a project that needs double-entry bookkeeping to function. For example, they might be a fintech startup building an early invoice payment trading platform. Rather than building their own double-entry layer, they could leverage Amatino.

If double-entry accounting only exists in your project insofar as you need to account for your own business, then, as you say, Amatino would probably be an excessive solution creating unnecessary work.

Aside, on the topic of exchange rates - Amatino has built in daily exchange rates between each of 36 major currencies (You can also feed it your own, if you want more resolution / different units of account). It also automagically computes unrealised gains and losses.