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Reports and compliance

A rupee is not the only money: foreign invoices and revaluation

An overseas agent invoiced in dollars, an OTA that remits in dollars: the invoice keeps its rupee value, carries a foreign face at the rate it was quoted, and at month end the open balance is revalued — the gain or loss named in the books.

Every hotel here keeps its books in rupees and every card is settled in rupees. Where a foreign currency actually reaches a hotel is the city ledger — an overseas travel agent invoiced in dollars, an OTA remitting in dollars. The invoice is booked at today's rate, the money comes at another, and the difference is a gain or a loss the books must name.

What there is

What is not here yet

A gain or loss split inside a receipt at the day's rate (the month-end mark captures it); foreign-currency bank accounts; a foreign folio (the guest's bill is rupees, and the gateway settles cards in rupees); a reporting currency for the group. Each waits for a customer who needs it. Writing rates, faces and revaluations is the *fx.write* right.

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